The Federal Reserve on Wednesday made an annual inflation adjustment to the asset threshold in Regulation I that determines the dividend rate that certain member banks earn on Federal Reserve Bank stock.
The full D.C. Circuit Court of Appeals yesterday agreed to hear the appeal in PHH Mortgage v. Consumer Financial Protection Bureau, a closely watched case over whether the CFPB’s leadership structure is constitutional.
Federal Reserve Bank of Dallas President and CEO Robert Kaplan yesterday said that economic conditions and downside risks from accommodative monetary policy warrant a faster pace of interest rate increases.
The U.S. economy will likely continue to see moderate expansion, a strengthening job market and inflation gradually rising to 2 percent in the months ahead, Federal Reserve Chairman Janet Yellen said yesterday in her semi-annual report to Congress.