The 2017 Small Business Credit Survey from the Federal Reserve shows that nearly 60 percent of small businesses applied for financing...
While speaking at an event by the office of Financial Research Federal Reserve Vice Chairman for Supervision Randal Quarles talk about the issues digital currencies could pose to the markets; the current level of use doesn’t pose a risk but as the scale of usage increases so does the potential potential problem; Quarles said, “if the central asset in a payment system cannot be predictably redeemed for the U.S. dollar at a stable exchange rate in times of adversity, the resulting price risk and potential liquidity and credit risk pose a large challenge for the system.”; he also talked about the the benefits of blockchain technology and if the central bank would issue their own digital currency. Source.
Christopher Giancarlo, the former chairman at the Commodity Futures Trading Commission, said at a recent forum that the Federal Reserve...
The Federal Reserve has finally opened up the Main Street Lending Program for registration; this is the program targeted towards...
We are living in times of extremes, particularly when it comes to economic data, and this is reflected in the...
According to the The Federal Reserve’s 2016 Survey of Consumer Finances the median net worth for Black households was only...
Last week the New York Federal Reserve President, William Dudley, gave a briefing on household debt with a particular focus...
The macro and crypto economic thesis for 2021, building out the linkages between “Risk-On” assets, flows into and valuation of Bitcoin and Ethereum, and the interplay between value locked, the growth of decentralized application revenue, and the volumes around digital objects. We bring it all together.
The Federal Open Market Committee (FOMC) announced on Wednesday that it would leave its federal funds rate unchanged; the Fed increased the rate to 0.50% to 0.75% at its last meeting in December and predictions have called for more aggressive increases in 2017 however it seems they may be later in the year; Janet Yellen speaks before Congress in February and the market is currently reporting an 18% probability of an increase in March at the FOMC's next meeting. Source
American Banker reports on a recent study from the Federal Reserve that found small business owners are turning to online...