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Nalezeno "federal reserve bank of": 18

Fed, BOE officials share continuing interest in CBDCs, stablecoin regulation

27.10.2023
Sir Jon Cunliffe looks at payment solutions of the past and future in his last speech as deputy governor of the BOE

Anticipation Builds as US Central Bank Eyes Two More Rate Hikes, Targeting 5.6% by Year-End

20.6.2023
After the U.S. central bank refrained from boosting interest rates last week, investors now anticipate two more hikes that may elevate the federal funds rate to 5.6% by the year’s end, climbing 50 basis points (bps) from its present level. CME’s Fedwatch tool indicated on Tuesday that...

7 central banks and BIS continue examination of ongoing policy issues for retail CBDC

25.5.2023
The Bank for International Settlements has published the fifth paper by the group, highlighting its latest thinking on a potential retail CBDC

‘Not Related to a Digital Currency’ — US Central Bank Addresses Concerns Over Fednow Payment Network

9.4.2023
The U.S. Central Bank has issued an update regarding the Federal Reserve’s Fednow project, which is scheduled to commence in July. The Fed has responded to recent criticism of the Fednow service and asserts that the Fednow payment network is “neither a form of currency nor a step toward...

Fed Bank President: Banking Crisis Tips US Economy Toward Recession

29.3.2023
The president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, says the current banking crisis has pushed the U.S. economy closer to a recession. “We have fundamental issues, regulatory issues facing our banking system,” the Fed official stressed. Neel Kashkari on U.S....

Economist David Rosenberg Warns of ‘Crash Landing’ and Recession, Citing Fed Data

21.3.2023
Famed economist David Rosenberg has warned of a “crash landing” and an impending recession for the U.S. economy. Referring to the Philadelphia Fed’s manufacturing index chart, he stressed: “Take a good hard look at this chart and tell me we are heading into...

US Lawmakers Say Any Digital Dollar Must Be Open, Permissionless, and Private

3.12.2022
Nine U.S. lawmakers have raised concerns regarding the U.S. central bank digital currency project led by the Federal Reserve Bank of Boston. The lawmakers stressed: “Any U.S. CBDC must be open, permissionless, and private.” Congressmen Say Any US CBDC Must Be Open, Permissionless,...

New York Fed and 9 Major Banks to Test ‘Interoperable Network of Central Bank Wholesale Digital Money’

19.11.2022
Nine major financial institutions and the Federal Reserve Bank of New York have started to experiment with a digital dollar proof of concept to see if distributed ledger technology can improve settlement between central banks, commercial banks, and regulated non-banks. The New York Fed details that...

Soaring Inflation Puts Central Banks on a Difficult Journey

5.8.2022
Tobias Adrian is the Financial Counsellor and Director, and Christopher Erceg and Fabio Natalucci are Deputy Directors at the International Monetary Fund (IMF)'s Monetary and Capital Markets Department.__________... Read More: Soaring Inflation Puts Central Banks on a Difficult Journey

Crypto bank Custodia sues the Fed over 19 month delay on account approval

8.6.2022
Custodia wants to compel the Federal Reserve Board and its Kansas City branch to approve its application for a Fed master account within 30 days

Federal Reserve Bank of Boston and MIT Release Central Bank Digital Currency Research and Open-Source Code

5.2.2022
The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology (MIT) have jointly published the initial findings of their central bank digital currency (CBDC) research. They also published the open-source code for the CBDC project. Boston Fed and MIT Publish Initial Findings...

Let's Meet The Board Members Supporting Besieged Activision Blizzard CEO Bobby Kotick

18.11.2021
Activision Blizzard has had a nightmarish 2021, with historic allegations of harassment causing enormous upheaval at the company, several high-profile lawsuits and the departure (or firings) of many key executives and developers. You would think that this mess would fall at the feet of...

The Fed Plans to Unveil Digital Dollar Prototypes in July

28.3.2021
The Federal Reserve is actively working on a central bank digital currency and some prototypes are near completion. The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology (MIT) plan to unveil two prototypes of a digital dollar as early as July. Digital Dollar Prototypes...