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NACHA CEO Janet O. Estep Named to Steering Committee of Federal Reserve’s Faster Payments Task Force

July 24 – The Electronic Payments Association President and CEO Janet O. Estep has been named as a member of the steering committee of the Federal Reserve’s Faster Payments Task Force.


Chair Janet Yellen Speaks on Monetary Policy and Financial Stability

July 3 – Federal Reserve Chair Janet L. Yellen addressed monetary policy and financial stability at the 2014 Michel Camdessus Central Banking Lecture, International Monetary Fund, Washington, D.C. Below are her comments.


Ranking Member Waters Leads House Democrats in Supporting Janet Yellen for Federal Reserve Chairman

Aug 1 – Financial Services Committee Ranking Member Maxine Waters, joined by 37 of her fellow Democrats, delivered a letter urging President Obama to nominate Janet Yellen, current vice chairman of the Board of Governors of the Federal Reserve System, to replace Ben Bernanke as chairman of the Federal Reserve when his term expires.


Fed Vice Chair Janet L. Yellen Gives Outlook on the Economy

October 21 – Federal Reserve Vice Chair Janet L. Yellen gave a presentation titled, “The Outlook for the U.S. Economy and Economic Policy” at the Annual Meeting of the Financial Management Association International. Her comments follow:


Federal Reserve Board Approves Final Rule Requiring Important U.S. bank Holding Companies to Strengthen Capital Positions

July 20 – The Federal Reserve Board has approved a final rule requiring the largest, most systemically important U.S. bank holding companies to further strengthen their capital positions. Under the rule, a firm that is identified as a global systemically important bank holding company, or GSIB, will have to hold additional capital to increase its resiliency in light of the greater threat it poses to the financial stability of the United States.


Fed Officials Offer Hope on FOMC Interest Rate Action

July 13 – “Why hasn’t the FOMC yet raised rates?” Esther George, president and CEO of the Federal Reserve Bank of Kansas City, would like to tell you. In a recent speech at the Oklahoma Economic Forum in Stillwater, George noted that during her first voting rotation on the Federal Open Market Committee in 2013, she did not support a third round of asset purchases. “By then,” she said, the immediate crisis had passed, the economy was slowly expanding for its third consecutive year and monetary policy settings remained extraordinarily accommodative. (more…)

New ACI Worldwide Survey Validates Demand for Same Day Money Transfers

May 8 – As a follow up to its 2014 survey of market experts within financial organizations, an updated 2015 survey by ACI Worldwide highlights that nearly 25 percent of respondents believe the U.S. should move directly to real-time faster payments. The survey of 106 financial industry professionals was conducted in April 2015 at the NACHA PAYMENTS conference.


Can Events of 1937 Provide Guidance for the Fed in 2015?

By Jeff Goble

While everyone knows it is virtually impossible to consistently outguess the bond market going forward, the rear view mirror is always very clear. What can the Federal Reserve’s actions in the second half of the Great Depression tell us about what might be ahead during the central bank’s upcoming rate normalization strategy?


FOMC: Rate Change Unlikely in April

March 18 – The Federal Reserve Board of Governors has issued a statement indicating where the Federal Open Market Committee stands on a rate change at its next meeting. (more…)

In Final Speech as Dallas Fed Chief, Fisher Warns of ‘Incentive to Renege’ on Raising Rates

imagesMarch 17 – Richard W. Fisher, president and CEO of the Federal Reserve Bank of Dallas, spoke at Rice University Baker Institute for Public Policy recently in what was billed as his final speech as a Fed official. Fisher, whose 10-year tenure at the Fed ends this month, openly questioned whether the FOMC would face an “incentive to renege” on raising rates. (more…)

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