Gold has been one of the standout performers during 2020, rising from around $1500 an ounce to a whopping $2075 an ounce in August. However, with the precious metal having broken out of previous all-time…
MARKET UPDATE: Trump approves TikTok deal, Powell &…
MARKETS The Dow Jones fell on Friday as investors had to contend with another selloff in big tech, led by Google. Friday moves came as four major types of options contracts were set to expire…
EURUSD Survives Another Correction
EURUSD was correcting yesterday but managed to find support. The Euro got under pressure against the USD last night but managed to reach stability by Thursday morning. The current quote for the instrument is 1.1850.…
The Future of Retail Payments in the United…
It is a pleasure to be here today with Esther George and Ken Montgomery to talk about the future of America's retail payment system. Recognizing that the retail payment infrastructure touches every American, a year…
Federal Reserve Board announces the extensions of its…
The Federal Reserve on Wednesday announced the extensions of its temporary U.S. dollar liquidity swap lines and the temporary repurchase agreement facility for foreign and international monetary authorities (FIMA repo facility) through March 31, 2021.…
Navigating Monetary Policy through the Fog of COVID
The COVID-19 contraction is unprecedented in modern times for its severity and speed. Following the deepest plunge since the Great Depression, employment and activity rebounded faster and more sharply than anticipated. But the recent resurgence…
FED: Global in Life and Orderly in Death:…
Vice Chair for Supervision and Chair of the Financial Stability Board (FSB) Randal K. Quarles At the Exchequer Club, Washington, D.C. (via webcast) Good afternoon ladies and gentlemen. I would like to thank the Exchequer…
Agencies provide largest firms with information for next…
The Federal Deposit Insurance Corporation and the Federal Reserve Board today provided information to the eight largest and most complex domestic banking organizations that will guide their next resolution plans, which are due by July…
FED: Introductory Comments
Thank you, President Mester and Treye Johnson, and thanks to everyone for joining us. My job today is to listen, so I will keep my remarks short. But I do want to say that these…
