Lagarde: Welcome address at the fifth ECB Forum on Banking Supervision
It is a pleasure to welcome you to the fifth ECB Forum on Banking Supervision. Ten years ago, on 15 October 2013, the EU Council approved the regulation launching the Single Supervisory Mechanism. It was the most significant step in European integration since the introduction of the euro. And there were two main reasons for taking it. First, it would lead to stricter and more uniform supervision – a single supervisor enforcing a single set of rules for a single banking market. That would, in turn, make it possible to establish a true banking union, with a common safety net. And a banking union would strengthen the ... (full story)
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post: There’s a lot of confidence that OPEC plus will conclude a deal that leads to a deeper cut #OOTT #Opec post: The basic idea is that Saudi Arabia extends its voluntary cut of 1 million bpd and then some other members of the opec plus group would offer additional cuts #OOTT #Ope post: OPEC+ TOTAL CUTS COULD APPROACH 2 MILLION BPD DEPENDING ON COUNTRIES' WILLINGNESS TO CONTRIBUTE -SOURCE #oott
Your True Love’s lavish — and stunningly bird-laden — holiday gift-giving ritual is more expensive than ever before. But at least this time around, inflation’s not as piping hot. ...
In the week ending November 25, the advance figure for seasonally adjusted initial claims was 218,000, an increase of 7,000 from the previous week's revised level. The previous ...
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post: FED'S DALY: I'M NOT THINKING ABOUT RATE CUTS AT ALL RIGHT NOW. post: FED'S DALY: WE SHOULD TAKE OUR TIME NOW, REMAIN VIGILANT AND ACT PRUDENTLY. post: FED'S DALY: THEN NEED TO BE PREPARED TO EITHER RAISE RATES AGAIN IF NECESSARY OR SAY TIGHTENING CYCLE IS COMPLETE IF THAT IS APPROPRIATE.
post: OPEC+ JMMC MEETING ENDS WITH NO RECOMMENDATION - SOURCE.
Good morning, everyone. Welcome to the New York Fed. We are so pleased to be co-hosting this conference with the Bretton Woods Committee. My remarks today will focus on the economic picture in the United States, including the monetary policy actions we are taking and my outlook for the economy. Before I go further, I need to give the standard Fed disclaimer that the views I express today are mine alone and do not necessarily reflect those of the Federal Open Market Committee (FOMC) or others in the Federal Reserve System. The Federal Reserve has a dual mandate, set by Congress, to achieve maximum employment and price stability. We are doing well on the employment side of the mandate. The unemployment rate has been below 4 percent for the past 21 months. That’s the longest stretch since the 1960s. And it’s in line with my 3-3/4 percent estimate of the unemployment rate expected to prevail in the economy in the longer run. post: <=USD>:*WILLIAMS REPEATS FED AT OR NEAR PEAK OF INTEREST RATES *WILLIAMS: EXPECT INFLATION TO REACH 2.25% NEXT YEAR *WILLIAMS: DECISIONS WILL CONTINUE TO BE DATA DEPENDENT *FED'S WILLIAMS: POLICY STANCE IS MOST RESTRICTIVE IN 25 YEARS post: FED'S WILLIAMS: MONETARY POLICY IS QUITE RESTRICTIVE, THE MOST IN 25 YEARS. post: FED'S WILLIAMS: IF INFLATION PRESSURES PERSIST FED COULD HIKE AGAIN.