It is fitting that Federal Reserve Board Chairman Jerome Powell gave his most recent remarks on inflation and the economic outlook in the resort town of Jackson Hole, Wyoming. While the location if the annual conference sponsored by the Federal Reserve Bank of Kansas City has been a fixture for monetary policy groupies for nearly […]Read More
In mathematics, an arbitrary number is one that is undetermined and is not assigned a specific value. But for economists at the Federal Reserve Board, there is an arbitrary number that has immense value: 2%. While for some 2% is the preferred content of fat in milk, at the Federal Open Market Committee, the central […]Read More
If you’re an insurance professional with expertise in insurance accounting, actuarial science, academia, insurance regulation or policyholder advocacy, the Federal Reserve Board wants to hear from you. The Central Bank announced earlier this month it is looking to fill openings on its Insurance Policy Advisory Committee. The committee consists of 21 members serving three-year terms, […]Read More
Wonder of wonders, miracle of miracles, the banking system is safe and secure – from the Great Recession of 2008-09. That is more or less the Federal Reserve Board’s assessment after the latest round of stress tests were completed earlier this year. The central bank announced the results in late June and was clearly in […]Read More
