Federal Reserve

An officer guards the entrance to the Federal Reserve’s William McChesney Martin Building on March 13, 2023, in Washington, D.C. (Photo by Alex Wong/Getty Images)

Fed’s fault-finding on bank failures could lead to stronger regulations

BY: - May 8, 2023

New banking regulations proposed by federal watchdogs don’t go far enough in countering potential problems, but could help lower bank fees and calm financial markets and nerves, leading to a more stable financial system, according to some economists. The Federal Reserve, FDIC and Government Accountability Office recently released reports blaming mismanagement of risk, including overreliance […]

An officer guards the entrance to the Federal Reserve’s William McChesney Martin Building on March 13, 2023, in Washington, D.C. (Photo by Alex Wong/Getty Images)

Silicon Valley Bank’s collapse differs from our last financial crisis

BY: - March 14, 2023

After the largest U.S. bank failure in more than a decade, regional bank stocks plunged on Monday as the federal government — with the 2007-2008 financial crisis still a fresh memory for many — rushed to reassure Americans that the U.S. banking system was stable. President Joe Biden told Americans that the risks taken on by failed […]

A worker tells people that the Silicon Valley Bank headquarters is closed on March 10, 2023, in Santa Clara, California. Silicon Valley Bank was shut down by California regulators and was put in control of the U.S. Federal Deposit Insurance Corporation. (Photo by Justin Sullivan/Getty Images)

Biden says U.S. bank deposits are safe despite tumult over California bank collapse

BY: - March 13, 2023

WASHINGTON — President Joe Biden reassured Americans early Monday that their money is safe in U.S. banks, after a tumultuous weekend following the collapse of Silicon Valley Bank and a move by regulators to shut down a second lender. Americans “should feel confident that their deposits will be there, if and when they need them,” […]

A company advertises a help wanted sign on April 9, 2021, in Pawtucket, Rhode Island. (Photo by Spencer Platt/Getty Images)

Powell signals higher interest rates. Here’s why Friday’s jobs report will affect Fed’s decision.

BY: - March 9, 2023

Federal Reserve Chairman Jerome Powell said this week that interest rate increases could be higher and come faster if Friday’s unemployment data shows the nation’s labor market isn’t cooling off. Stock indexes fell after his comments. That’s been a familiar pattern over the past year as the federal bank has tried to combat inflation.  A […]

Dave Fendrich (walking) helps Bryant Hofer (in combine) harvest a field of corn on October 2, 2013, near Salem, South Dakota. (Photo by Scott Olson/Getty Images)

Fed survey finds more cash filling farmers’ pockets, and land values soaring

BY: - November 28, 2022

Good crops and higher commodity prices are putting more money in farmers’ pockets while agricultural land values are soaring, according to a new multi-state survey by the Minneapolis Federal Reserve. The survey compares agricultural credit conditions from July to September of this year with the same period last year in South Dakota, North Dakota, Minnesota, […]