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Tag Archives: Federal Reserve

Fed Survey Finds Increased Optimism for Future Financial Prospects

The survey found that 65 percent of adult respondents said they were either "doing okay" or "living comfortably" as far as their personal finance situation, which represented an increase of 3 percentage points from the survey the previous year. Meanwhile, the percentage of respondents who said they expect their income to be higher in the next year jumped from 21 percent in 2013 to 29 percent in the 2014 survey.

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Former Fed Chair Says Restricting Central Bank’s Lending Power is a ‘Mistake’

Two additional requirements imposed by the Bailout Prevention Act on the Fed's broad-based lending programs are, according to Bernanke: first, requiring a firm's solvency to be certified by the Fed and the supervisors of the firm before receiving any loans; and second, requiring emergency loan interest rates to be at least 5 percentage points higher than the Treasury Department's rate.

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Report: Senator Drafting Proposal to Reform Federal Reserve

Senator Jack Reed (D-Rhode Island) has reportedly included in the draft of the legislation a provision that would make the appointment of the president of the Federal Reserve Bank of New York subject to Senate approval. Currently, the president of each of the 12 regional Federal Reserve Banks is selected by a search committee and subject to approval of the Federal Reserve Board of Governors.

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Government Agencies Issue Minimum Requirements for State-Run Appraisal Companies

Compliance by states that do have an AMC regulatory body begins one year from the day the new regulations go live, which would put the deadline at the beginning of Q3 2016, according to FHFA. Compliance means adopting minimum registration and supervisory protocols for AMCs, including those that are subsidiaries of federally insured depository institutions.

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Fed Reports ‘Steady to Improving’ Residential Real Estate Activity in Most Districts

The districts of Richmond, Chicago, and Dallas reported that residential mortgage demand, particularly in the area of refinancings, grew during the period, while New York reported steady growth. Delinquencies were down or at low levels in New York and Cleveland, while Philadelphia and Kansas City bankers expressed confidence in the quality of their loan portfolios, according to the Fed.

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Rate Hike Debate Continues in Federal Open Market Committee

While some policymakers argued that raising interest rates at the end of the fiscal year would help normalize the economy as inflation creeps back to 2 percent, others argued that declines in energy prices and the growing strength of the dollar would curtail inflation and that a later rate hike would make more sense.

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