Lapses at the bank will be a focus as a top Federal Reserve official testifies to House and Senate committees this week.
Category: Federal Reserve System
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Silicon Valley Bank’s Risks Went Deep. Congress Wants to Know Why.
The New York Times – Business: -
Fed Vice Chair Calls Silicon Valley Bank a ‘Textbook Case of Mismanagement’
The New York Times – Business:The Federal Reserve’s top bank cop blamed Silicon Valley Bank’s leaders, while previewing the cental bank’s review of its faulty oversight.
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Bond Trading May Be Sending a Recession Warning
The New York Times – Business:Wild swings in the Treasury market are unlike anything many investors today had seen. They’re also potentially warning of a recession.
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The Fed Has Targeted 2% Inflation. Should It Aim Higher?
The New York Times – Business:After raising interest rates again, the Federal Reserve will soon have to consider how much pain it is willing to inflict in its fight against inflation, our columnist says.
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Banks Are Borrowing More From the Fed: What to Know
The New York Times – Business:As turmoil sweeps the United States financial system, banks are turning to the Federal Reserve for loans to get them through the squeeze.
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Republicans Say Spending Is Fueling Inflation. The Fed Chair Disagrees.
The New York Times – Business:Jerome H. Powell has said that snarled supply chains, an oil shock following Russia’s invasion of Ukraine and shifts among American consumers are primarily behind rapid price growth.
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Stocks Climb as Wall St. Weighs Fed’s Future Moves
The New York Times – Business:Investors remain preoccupied with the health of banks as interest rates rise, putting balance sheets under pressure.
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Stocks Climb as Wall St. Weighs Fed’s Future Moves
The New York Times – Business:Investors remain preoccupied with the health of banks as interest rates rise, putting balance sheets under pressure.
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Investors Try to Parse Jay Powell and Janet Yellen’s Next Moves on Banks
The New York Times – Business:Jerome Powell, the chair of the Federal Reserve, and Treasury Secretary Janet Yellen said that more must be done to rein in banks. What that looks like is unclear.
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Double-Barreled Economic Threat Puts Congress on Edge
The New York Times – Business:Republicans and Democrats disagree over how recent bank closures should impact the debt limit stalemate, and have taken divergent lessons from past economic crises.
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Powell and Yellen Suggest Need to Review Regulations After Bank Failures
The New York Times – Business:Proposals for more scrutiny of the financial sector are meeting resistance from industry and Congress.
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7 Takeaways From the Fed Meeting and Powell’s News Conference
The New York Times – Business:By raising interest rates a quarter-point, the Federal Reserve signaled that it was continuing to fight inflation, but it was holding off an aggressive move that might spook investors.