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Investopedia5d
What Do the Federal Reserve Banks Do?
Richard Sharrocks / Getty Images In 1913, the Federal Reserve Act established the Federal Reserve System (FRS), an independent governmental entity that would serve as a central bank to the U.S ...
Investopedia28d
What Would It Take For The Fed To Cut Interest Rates?
In an interview on CNBC Thursday, Federal Reserve Bank of Cleveland President Beth Hammack said the Fed could cut interest rates as soon as June if the economy shows signs of deteriorating under ...
Wall Street Journal29d
Fed Should Continue to Shrink Balance Sheet, Cleveland Fed’s Hammack Says
NEW YORK—Beth Hammack, president of the Federal Reserve Bank of Cleveland, said the central bank should continue reducing the size of its balance sheet, pointing to potential costs that the ...
American Banker29d
Fed official: 'Some' repo volatility is good for the market
Beth Hammack, president of the Federal Reserve Bank of Cleveland. As the Federal Reserve attempts to rightsize its balance sheet, one top reserve bank official said there are risks in both staying too ...
Federal Reserve leaves key rate unchanged as it sees risk of higher prices and higher unemployment
The Federal Reserve kept its key interest rate unchanged Wednesday, brushing off President Donald Trump’s demands to lower borrowing costs ...
Barron's11d
Fed’s Hammack: ‘Soft Data’ Signals Concerns About Higher Inflation
Cleveland Federal Reserve President Beth Hammack says the U.S. central bank is trying to steer the real economy for the benefit of the American people. That has become increasingly challenging ...
Crain's Cleveland Business29d
Cleveland Fed’s Hammack says clear data could prompt a rate move in June
Federal Reserve Bank of Cleveland President Beth Hammack ruled out a May interest-rate cut but said the central bank could move as early as June if it has clear evidence of the economy’s direction.
GlobeSt4d
Fed Rethinks Policy Framework as Inflation and Growth Patterns Change
A long-standing Federal Reserve framework for conducting monetary policy has recently been shaken, prompting a reassessment ...
Cleveland Scene29d
Businesses Say Trump Tariffs Will Raise Prices and Decrease Demand, Cleveland Fed Survey Shows
Even before President Donald Trump unleashed a barrage of tariffs on April 2, three fourths of businesses surveyed by the Federal Reserve Bank of Cleveland said they would have to raise prices in ...
Investing29d
A couple of Fed heads hint at rate cuts
Federal Reserve Bank of Cleveland President Beth Hammack said in a CNBC interview Thursday that a cut as soon as June could be possible. “If we have clear and convincing data by June ...
Crain's Cleveland Business29d
Businesses say Trump tariffs will raise prices and decrease demand, Cleveland Fed survey shows
Even before President Donald Trump unleashed a barrage of tariffs on April 2, three fourths of businesses surveyed by the Federal Reserve Bank of Cleveland said they would have to raise prices in ...