Monday, August 14, 2017

Fed President Sees Rebound in Inflation and Modest Wage Growth

Officials reinforce Fed's gradual policy-tightening plan

Author: David Schwartz

New York Federal Reserve President and CEO William Dudley says he and his Fed colleagues anticipate U.S. inflation to rise gradually over the next several months as the labor market is expected to continue heating up. These trends, Dudley says, support the Fed’s near-term policy tightening. In the New York Fed's August 10, 2017 Regional Economic Press Briefing, Dudley called on the United States to better address factors driving racial inequality of employment and income, and he also suggested the Fed was planning to raise interest rates once more and begin reducing some bond holdings this year. 

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Friday, March 18, 2016

Is Liquidity Suffering from Too Much Regulation?

Fed Cautiously Admits Regulation May be Having Negative Effects on Liquidity

Author: David Schwartz

In a March 7, 2016 speech at the Institute of International Bankers Annual Washington Conference in Washington, DC, Federal Reserve Governor Lael Brainard remarked that new regulations may be having inadvertent effects on market liquidity. Governor Brainard’s statement is notable because Fed officials and regulators have been careful to avoid that inference.

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Tuesday, October 6, 2015

Fed Pres. Dudley Addresses Market Liquidity

Author: David Schwartz

In a September 30, 2015 speech before the SIFMA Liquidity Forum in New York, Fed President and Chief Executive Officer William C. Dudley addressed concerns that market liquidity is being hindered by regulation.  While open to the idea of finding a better balance between new regulations and improved trading conditions, Dudley stated that he found, "the evidence to date that liquidity has diminished markedly is, at best, mixed."  In addition, Mr. Dudley does not find any real evidence that regulations are the primary cause of changing liquidity conditions in the bond and other markets.  

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