On May 16, 2024, the U.S. Department of the Treasury released its first Non-fungible Token (NFT) Illicit Finance Risk Assessment. The report examines how vulnerabilities associated with NFTs and NFT platforms may be exploited by illicit actors for money laundering, terrorist financing, and proliferation financing.

On behalf of U.S. Treasury Secretary Janet Yellen, I would like to thank the Government and people of Armenia for generously hosting the 2024 EBRD Annual Meetings of the Board of Governors. President Odile Renaud-Basso has steered the EBRD successfully over the past year through successful capital increase negotiations—on the heels of the Bank’s first-mover, quick and effective support to Ukraine—and the historic resolution on the Bank’s incremental expansion to sub-Saharan Africa and Iraq.

KYIV – Today, Deputy Secretary of the Treasury Wally Adeyemo met with Finance Minister of Ukraine Sergii Marchenko in Kyiv. Deputy Secretary Adeyemo and Finance Minister Marchenko discussed Ukraine’s economic outlook and the efforts of Ukraine’s Finance Ministry in mobilizing domestic and international support to help maintain essential services for the people of Ukraine and finance its defense against Russia. The Deputy Secretary also encouraged the Government of Ukraine to maintain momentum on its reform agenda. The Deputy Secretary and Finance Minister also discussed...

The President of the Federal Reserve Bank of Cleveland delivered a speech to the Wayne Economic Development Council on May 16, 2024. The address was titled "Returning to Price Stability: An Update on the Economy and Monetary Policy".

Secretary of the Treasury Janet L. Yellen addressed a roundtable with CEOs of German banks in Frankfurt, Germany, on May 16, 2024. In her remarks, she highlighted the resilience of the global economy despite challenging geopolitical conditions and noted that financial conditions have improved since last year's banking sector turmoil.

KYIV – Today, Deputy Secretary Adeyemo met with young professionals, entrepreneurs, and activists working to resist Russia’s invasion and secure a better economic future for Ukraine. The Deputy Secretary heard directly from Ukrainian citizens about their perspectives on Ukraine’s future and the efforts they are undertaking to support their country. Deputy Secretary Adeyemo also observed how small businesses are adapting to contribute to Ukraine’s war effort.

Secretary of the Treasury Janet L. Yellen delivered remarks at TechQuartier in Frankfurt, Germany, on May 16, 2024. In her speech, she highlighted the innovative approaches to climate, clean energy, and sustainable finance being pioneered by TechQuartier’s members.

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Under Secretary for Domestic Finance Nellie Liang addressed the Central Bank of Ireland Conference on Macroprudential Policy for Investment Funds, discussing the increasing significance of non-bank financial intermediaries and their potential systemic risks.

On May 16, 2024, Under Secretary of the Treasury for International Affairs Jay Shambaugh held a meeting with Argentina’s Chief of Cabinet Nicolás Posse and Foreign Minister Diana Mondino. The Argentine delegation was also accompanied by Ambassador Gerardo Werthein.

On May 16, 2024, Secretary of the Treasury Janet L. Yellen delivered remarks on high-integrity voluntary carbon markets (VCMs) at an event hosted by Bloomberg Philanthropies, the Center for Climate and Energy Solutions, and the Environmental Defense Fund.

KYIV – Deputy Secretary Adeyemo met with key members of the Verkhovna Rada during his visit to Kyiv. The discussions focused on ongoing efforts by the international coalition to provide Ukraine with necessary resources for defense, including mobilizing over $85 billion in budget support from the United States and international partners, as well as more than $24 billion in early recovery and reconstruction assistance.

The Central Bank Central recently conducted an interview with President Loretta Mester. The discussion revolved around the role of the institution in producing indicators and datasets that inform the public, policymakers, and researchers about economic conditions. These conditions include inflation, employment, and risks to the financial system.

Carlyle (NASDAQ: CG) announced today that its Chief Executive Officer, Harvey Schwartz, is scheduled to present at Bernstein’s 40th Annual Strategic Decisions Conference. The event will take place in New York on Thursday, May 30, 2024, at approximately 9:00 AM EDT.

In a recent interview with The Wall Street Journal, President Loretta Mester of the Federal Reserve Bank of Cleveland expressed that the Federal Reserve is in a "really good place" to study the economy before determining the path for interest rates. She further stated that she isn't eager to consider interest-rate hikes at this time.

The Federal Reserve Bank of Cleveland is set to host an informative event titled "Assessing the Safety and Soundness of Banks: How the Cleveland Fed Supervises Financial Institutions" on Tuesday, May 14, 2024. The event aims to shed light on the crucial role played by financial regulators in ensuring the stability of the financial system.The event will feature panelists from the Supervision, Credit Risk, and Statistics function of the Federal Reserve Bank of Cleveland. Attendees will have the opportunity to learn about the Federal Reserve's supervision role, particularly...

Global investment firm Carlyle (NASDAQ: CG) has announced that its Global Credit platform will provide a comprehensive financing package to support the growth of Big Bus Tours, the leading global provider of hop-on hop-off sightseeing bus tours. With over 5 million customers annually, Big Bus Tours is the world's largest operator of open-top sightseeing bus tours with operations across Europe, North America, the Middle East and Asia Pacific.

The Community Investment Council of the Richmond Federal Reserve Bank convened on April 11–12 to discuss the bank's community development goals for the Fifth District. Leaders from Virginia, Maryland, South Carolina, North Carolina, Washington, D.C., and West Virginia gathered at the Richmond location to discuss issues and trends affecting community development across the district.

The Federal Reserve Bank of Cleveland is set to host the Central Bank Communications: Theory and Practice conference in person in Cleveland, Ohio. The event will bring together researchers and policymakers to delve into vital topics surrounding central bank communications. According to a statement from the Federal Reserve Bank of Cleveland, the conference aims to discuss the impacts of communications on financial markets, the links between communications, monetary policy, and inflation expectations, as well as potential strategies for enhancing central bank communications...

The Federal Reserve Bank of Cleveland and its Center for Inflation Research will be hosting a session titled “Challenges and Opportunities for Central Bank Communications” on Monday, May 13, 2024, from 4:30 to 5:30 pm EDT. The event will be held virtually.In a statement, the organizers highlighted the importance of their work, stating, "We produce indicators and datasets to inform the public, policymakers, and researchers about economic conditions, including inflation, employment, and risks to the financial system." They emphasized that their research aims to benefit...