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Tag Archives: Board of Governors of the Federal Reserve System

Yellen Talks Economic Outlook as Tenure Winds Down

Federal Reserve Chair Janet Yellen delivered her Economic Outlook testimony on Wednesday—which could be her last appearance before Congress before she leaves the Fed in February. Overall, Yellen said that the U.S. economy has strengthened further this year. Despite adversity ...

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Fed Chair Talks Economic Uncertainty

Despite announcements that the Fed would certainly be spiking interest rates, Federal Reserve Chair Janet Yellen delivered a speech on Tuesday providing more clarity to the current state of inflation and interest rate uncertainty. During her speech, Yellen focused on ...

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Loan Processing Could Slow Due to Appraiser Shortage

Due to a shortage of licensed and certified appraisers, major national financial regulatory agencies have issued an advisory to help reduce delays in the consideration of loan applications in rural communities. Since loans cannot be executed without appraisals, the advisory outlines two options to remedy the problem. The FDIC has suggested that states issue temporary practice permits and engage in reciprocity, or that effected institutions submit a request temporary waivers to set aside licensing requirements.

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