BankNews April 2015

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Search Results: Janet

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.

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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.

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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:

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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.

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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?

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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…)

Most Influential Women in Payments Honored by PaymentsSource

March 13 – PaymentsSource, providing news and analysis for payments professionals, has announced the honorees for the 2015 Most Influential Women in Payments. PaymentsSource will celebrate the accomplishments of these exceptional leaders on April 8th at an honoree panel discussion and reception, held during the 27th Annual Card Forum & Expo at the Chicago Marriott Downtown, hosted by PaymentsSource and American Banker.

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NACHA Board of Directors Elects New Officers, Adds New Members

January 20 – NACHA The Electronic Payments Association has announced the election of new officers and the addition of five new and two re-elected members to its Board of Directors. The Board consists of 19 voting members representing a diverse set of depository financial institutions of all sizes and types that support and warrant the payments on the ACH Network.

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Community Banker Legislation Passes Senate as Part of Terrorist Risk Insurance Act

January 9 – U.S. Sen. David Vitter (R-La.) has announced that the Terrorist Risk Insurance Act (TRIA) passed with his legislation to require the Federal Reserve Board of Governors to have at least one member with community bank or community bank supervision experience. TRIA passed the Senate today, with Vitter’s legislation, 93-4.

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