European Central Bank, Bank, Reserve requirement, Bank of England, Monetary policy, Central banks

Fed Joins Climate Network, to Applause From the Left

On Dec 16, 2020
@ChristopherNFox shared
Given Fed is responsible for the safety & security of the world’s largest economy, we hope that it will not only catch up with central banks around the world, but, in time, lead the way in addressing systemic financial risk” - @stevenrothstein @CeresNews https://t.co/WgKEfwwbVu
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The central bank joined a network of global financial regulators focused on climate risk. The response to the move underlined its tricky politics.

www.nytimes.com
On Dec 16, 2020
@ChristopherNFox shared
Given Fed is responsible for the safety & security of the world’s largest economy, we hope that it will not only catch up with central banks around the world, but, in time, lead the way in addressing systemic financial risk” - @stevenrothstein @CeresNews https://t.co/WgKEfwwbVu
Open

Fed Joins Climate Network, to Applause From the Left

Fed Joins Climate Network, to Applause From the Left

The central bank joined a network of global financial regulators focused on climate risk. The response to the move underlined its tricky politics.

Why the Fed, Long Reticent, Has Started to Talk About Climate Change

Why the Fed, Long Reticent, Has Started to Talk About Climate Change

Severe weather carries economic and financial stability risks, officials say. The nation’s top economic authority is paying attention.

Fed gets new carbon warning: ‘There will never be a vaccine for climate’

Fed gets new carbon warning: ‘There will never be a vaccine for climate’

Wall Street banks make progress on climate change finance, but a group of big investors representing $1 trillion warn Federal Reserve Chair Jay Powell of systemic market risks.

Top central banks appear primed to act to combat coronavirus risk

Top central banks appear primed to act to combat coronavirus risk

The world's top three central banks look set to take steps to limit the eco...

BOE And Fed Continue To Advance Digital Currency Agenda

BOE And Fed Continue To Advance Digital Currency Agenda

Rather than their power base diminishing, they are instead working hand in hand with private developers to ensure that they remain the arbiters of the global financial system. So far, they ...

Stimulus, QE, Rate Cuts: Coronavirus Fuels Central Banks' Monetary Easing Policy

Stimulus, QE, Rate Cuts: Coronavirus Fuels Central Banks' Monetary Easing Policy

Central banks say that the public health emergency and international concern over the global economy gives them reason to initiate stimulus and cut rates.

Fear of Facebook spurs calls for Fed to build rival digital currency

Fear of Facebook spurs calls for Fed to build rival digital currency

The head of the Bank of England has floated the idea that central banks could create a network of digital currencies to replace the dollar as the world's reserve currency. Those discussions ...

SNB Receives Top Marks for Its Crisis Management

SNB Receives Top Marks for Its Crisis Management

Central bankers are taking backstage in the current coronavirus crisis. Swiss top official Thomas Jordan is being praised for how he has handled the situation so far. ...

From the Fed to Bank of England, central banks must up their game

From the Fed to Bank of England, central banks must up their game

Becoming better at explaining and justifying their decisions to the public should be on the agenda

Libra’s Long Road From a Facebook Lab to the Global Stage: A Timeline

Libra’s Long Road From a Facebook Lab to the Global Stage: A Timeline

Libra has gone from a cryptocurrency skunkworks project inside Facebook to a potential global monetary game-changer to a shadow of its former self.

Fed takes emergency steps to slash rates and ease bank rules

Fed takes emergency steps to slash rates and ease bank rules

WASHINGTON (AP) — The Federal Reserve took massive emergency action Sunday to try to help the economy withstand the coronavirus by slashing its benchmark interest rate to near zero and ...

Central banks team up to study case for digital currencies

Central banks team up to study case for digital currencies

Some of the world’s major central banks are teaming up to assess potentially developing their own digital currencies, acknowledging that their role is being challenged by new technologies ...

Central bankers debate tackling climate change

Central bankers debate tackling climate change

Christine Lagarde thinks it is mission-critical. Others think it is mission creep

Trump calls for subzero interest rates. That could backfire

Trump calls for subzero interest rates. That could backfire

The Federal Reserve is running out of runway to lower interest rates. President Donald Trump wants the Fed to keep cutting anyway.

Fed joins global club of peers in climate change fight

Fed joins global club of peers in climate change fight

Move suggests the U.S. Federal Reserve may become more proactive on regulations aiming to mitigate climate damage