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The Latest Breaking News from Lael Brainard

Fed Plans 2023 Launch of Faster Payments System

The Federal Reserve is set to launch a long-awaited faster payments system by next summer, a step that officials say will modernize an outmoded infrastructure and ensure that near-instant payments become widely available.

Bangkok Post

Market Weakness Continues Following Powell's Warning Of Interest Rate 'Pain': Catalysts To Watch This Week

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by another 0.8% on Monday morning after a 3.4% plunge Friday in the wake of bearish com

Benzinga

Crypto Price Check: Regulatory Efforts Going Global

The cryptocurrency collapse is uniting governments on the issue of regulation, experts say.

The Street

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Fed's Brainard says recent upheavel shows need for crypto rules

New York (AFP) - Recent upheaval in the cryptocurrency markets shows the sector is subject to similar risks as conventional investments, underscoring the need for regulation to protect against the "false allure" of a quick profit, Federal Reserve Vice Chair Lael Brainard said Friday.

AFP

Senate panel backs Michael Barr, Biden pick as Fed regulator

The nomination of Michael Barr, President Joe Biden’s choice to be the top regulator on the Federal Reserve’s Board of Governors, was approved by a congressional committee and sent on the full Senate

The Independent UK

Senate approves Lisa Cook as first Black woman on Federal Reserve board of governors

Cook is only the second of Biden's five nominees for the Fed to win Senate confirmation. His Fed choices have faced an unusual level of partisan opposition.

WEKU

Senate approves Lisa Cook as first Black woman to Fed post

The Senate has confirmed Michigan State economist Lisa Cook to serve on the Federal Reserve’s board of governors

The Independent UK

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US Senate confirms Brainard as Fed vice chair

Washington (AFP) - The US Senate on Tuesday confirmed Lael Brainard to serve as the Federal Reserve's vice chair, but Covid infections among Democratic senators allowed Republicans to block a vote on Lisa Cook becoming the first Black woman on the board.

AFP

Senate confirms Brainard as Fed vice chair but COVID-19 trips Democrats on Cook vote

The Senate voted 52-43 Tuesday to confirm Lael Brainard, a member of the Federal Reserve board, to become vice chair, but fell short of the votes needed to move forward with Lisa Cook’s nomination to join the board.

Tribune News Service

Brainard wins Senate confirmation to be Fed's vice chair

The Senate confirmed the nomination of Lael Brainard to a four-year term as vice chair of the Federal Reserve, elevating her to the Fed’s No. 2 post in the midst of the central bank’s toughest fight against inflation in four decades

The Independent UK

Senate confirms Brainard as Fed vice chair but COVID-19 trips Democrats on Cook vote - Roll Call

Lisa Cook, who would become the first Black woman to join the Fed board, encountered another obstacle in COVID-19 cases among Democrats.

Roll Call

Which Federal Reserve Members Move The Markets Most With Their Public Comments?

When Federal Reserve members talk, investors listen. Some Fed members understandably tend to move the stock market more than others.

Benzinga

US Central Bankers Remain Divided On Post Pandemic Inflation Outlook

U.S. central bankers remain divided on inflation as a recurring problem requiring repeated rate hikes, Reuters reports.

Benzinga

New Zealand interest rates jump 0.5pc in 'highly uncertain' environment, ASX lifts on surging oil price

New Zealand announces its fourth straight interest rate hike, US consumer prices rise at their fastest pace since 1981, while surging commodity prices boost the Australian share market.

ABC News

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Tribune News Service

Fed is ‘methodically’ tightening policy to neutral, Brainard says

Federal Reserve Governor Lael Brainard said the U.S. central bank will move “expeditiously” to raise interest rates and return surging inflation to its 2% target.

AFP

US recession fears grow as Fed plots aggressive course

Washington (AFP) - The Federal Reserve has made clear it will come out guns blazing to battle the highest inflation rate in four decades, but that has sparked increasing fears their campaign will plunge the world's largest economy into recession.

The Independent UK

Fed casting its inflation fight as battle against inequality

As the Federal Reserve intensifies its efforts to tame high inflation, its top officials are casting their aggressive drive in a new light: As a blow against economic inequality

Benzinga

Bitcoin, Ethereum Decline, Dogecoin Plunges: How Will Fed's Hawkishness Affect The Apex Coin?

Bitcoin traded below the psychologically important $45,000 mark on Wednesday evening as the global cryptocurrency market cap declined 3.5% to $2 trillion.

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Investors Business Daily

Federal Reserve To Shrink Balance Sheet This Fast; Nasdaq Leads Stocks Lower

The Federal Reserve revealed the pace at which it will shrink its balance sheet starting as soon as May. The Nasdaq led stocks lower.

The Independent UK

Fed moves toward slashing bond holdings to fight inflation

The Federal Reserve is moving closer to rapidly shrinking its huge $9 trillion stockpile of bonds in the coming months to fight high inflation, a move that would contribute to higher borrowing costs for consumers and businesses

Benzinga

The SPY Drops, 10-Year Treasury Yield Soars: What To Watch Heading Into Fed Minutes

The SPDR S&P 500 (NYSE: SPY) gapped down 0.76% on Wednesday, for a total of a 3.14% decline since reaching a high of $462.07 on March 29.

Axios

Central bankers wrestle with a high-inflation world

Speeches from two top officials suggest high prices may not go away quickly.

AFP

World stock markets beat retreat with all eyes on Fed

New York (AFP) - Global equities sank Wednesday and oil prices retreated as Federal Reserve meeting minutes added to expectations for aggressive central bank monetary tightening.

AFP

Asian, European markets track Wall St retreat on hawkish Fed bets

Hong Kong (AFP) - Equities sank Wednesday after Wall Street tumbled on bets the Federal Reserve will act more aggressively to bring inflation under control, while oil bounced from the previous day's losses.

The Independent UK

Asia stocks decline amid worries over US rate hikes, Russia

Asian stocks have followed Wall Street lower after a Federal Reserve official’s comments fueled expectations of more aggressive interest U.S. rate hikes and the White House announced more sanctions on Russia

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