Tag: US Federal Reserve

During a payments-focused conference in Texas on June 13, 2023, Graham Steele, the US Treasury Department's Assistant Secretary for Financial Institutions, addressed the Federal Reserve's contentious FedNow system and the potential implementation of central bank digital currencies (CBDCs) in the United States. Steele highlighted a crucial challenge in developing a ...

United States Federal Reserve Chairman Jerome Powell revealed that he and his regulators were caught off guard and unable to explain the sudden collapse of Silicon Valley Bank(SVB) earlier this month, despite being under their oversight.  In a press conference, Powell stated that the question they were asking themselves over ...