Monetary Brief News

Scott Rechler reelected as director to New York Fed Board

Scott Rechler has been reelected as a Class B Director to the Board of Directors of the Federal Reserve Bank of New York.

Experts explore tech innovations' impact on future finance at Boston Fed conference

Economists and financial experts gathered at the Federal Reserve Bank of Boston for its 68th Economic Research Conference to discuss how technological advancements, such as machine learning and artificial intelligence, might reshape financial...

René Jones reelected to New York Fed board for another term

René F. Jones, chairman and CEO of M&T Bank, has been reelected as a Class A Director on the Board of Directors at the Federal Reserve Bank of New York.

Treasury targets Mexican network linked to opioid crisis

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned a network of nine Mexican nationals involved in drug trafficking and money laundering.

U.S. Treasury targets six senior Hamas leaders with new sanctions

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has designated six senior Hamas officials, including representatives abroad and a member of the Izz Al-Din Al-Qassam Brigades, as well as individuals involved in...

Treasury reports September 2024 sees significant increase in TIC inflows

The U.S. Department of the Treasury has published the Treasury International Capital (TIC) data for September 2024, revealing a net TIC inflow of $398.4 billion.

Richmond Fed announces leadership changes within supervision division

The Federal Reserve Bank of Richmond has announced several new appointments.

Cleveland Fed hosts virtual session on central banking challenges

The Federal Reserve Bank of Cleveland, in conjunction with its Center for Inflation Research, is hosting a virtual session titled "The Fed's Dual Mandate: Recent Progress and Challenges." This event is scheduled for Thursday, November 14, 2024, from 1:00 to 1:45 PM EST.

US sanctions Syrian firm over ties with Qods Force and Houthis

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has sanctioned 26 entities linked to the Al-Qatirji Company, a Syrian conglomerate.

Fed highlights ongoing research on financial inclusion challenges

The Federal Reserve continues to focus on financial and payments inclusion, highlighting ongoing research into economic conditions such as inflation, employment, and financial system risks.

Household debt rises slightly as delinquency rates remain high

The Federal Reserve Bank of New York has released its Quarterly Report on Household Debt and Credit, revealing a modest increase in household debt for the third quarter of 2024.

The Digital Chamber report: U.S. should use stablecoins to promote USD dominance in digital economy

The Digital Chamber (TDC) has released a report advocating for the United States to develop a comprehensive regulatory framework for stablecoins.

Cleveland Fed reports rise in CEO inflation expectations for Q4 2024

Inflation expectations among U.S. business leaders have risen in the fourth quarter of 2024, as reported by the Survey of Firms’ Inflation Expectations (SoFIE), a publication from the Cleveland Fed’s Center for Inflation Research.

Treasury sanctions Sudanese commander over human rights abuses

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on Abdel Rahman Joma’a Barakallah for his role in the Rapid Support Forces (RSF), a group implicated in violence against civilians in Sudan since...

Tom Barkin discusses unexpected economic resilience at Baltimore summit

The Federal Reserve Bank of Richmond's President, Tom Barkin, addressed the Baltimore Together Summit at Baltimore Center Stage in Maryland.

Federal Reserve Bank reports slight decline in inflation expectations

The Federal Reserve Bank of New York's Center for Microeconomic Data has published the October 2024 Survey of Consumer Expectations.

Alliance Credit Union of Florida placed into conservatorship by state regulator

Florida's Office of Financial Regulation has placed Alliance Credit Union of Florida into conservatorship, appointing the National Credit Union Administration (NCUA) as conservator.

Carlyle announces Q3 earnings; declares $0.35 dividend per share

Global investment firm The Carlyle Group Inc. has released its unaudited financial results for the third quarter of 2024, ending September 30.

CFPB orders Navy Federal Credit Union to pay $95 million over unfair fee practices

National Credit Union Administration Chairman Todd M. Harper issued a statement regarding the Consumer Financial Protection Bureau's (CFPB) settlement with Navy Federal Credit Union.

Tom Barkin to speak at Baltimore Together Summit on November 12

Richmond Federal Reserve President Tom Barkin is set to address the Baltimore Together Summit on November 12, 2024.