Friday, 20 July 2018
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Yellen Says Fed Is Working on Tailoring Regulations to Bank Size
Thursday, 5 October 2017 02:37 WIB | FISCAL & MONETARY |YellenJanet Yellen,

Federal Reserve Chair Janet Yellen said the U.S. central bank has been working to ensure that regulations are tailored to the size, complexity and roles of the lenders it oversees.

œFor community banks, which by and large avoided the risky business practices that contributed to the financial crisis, we have been focused on making sure that much-needed improvements to regulation and supervision since the crisis are appropriate and not unduly burdensome, Yellen said Wednesday.

Yellen didn™t discuss her outlook for interest rates or the economy in her prepared remarks.

The Fed has œan abiding commitment to consider how our decisions affect institutions and the customers they serve, she said in a text prepared for delivery at the St. Louis Fed™s annual community banking conference.

Fed officials frequently defend the regulatory overhaul put in place after the financial crisis as essential to protecting against future meltdowns, though Yellen and her colleagues often say requirements on community banks could be eased. That openness to some change is taking on renewed relevance as President Donald Trump pushes to reduce business regulations. His nominee as Fed vice chair for supervision and regulation, Randal Quarles, is headed toward Senate confirmation and could be approved as soon as Thursday.

 

Source : Bloomberg

RELATED NEWS
Powell says more gradual interest-rate hikes is the 'best way forward''...
Tuesday, 17 July 2018 21:38 WIB

Ketua Federal Reserve Jerome Powell pada Selasa mengatakan berlanjutnya kenaikan suku bunga secara bertahap merupakan "jalan terbaik ke depannya" untuk kebijakan moneter. "Dengan pasar tenaga kerja ya...

RBA Sees Strong Growth Cutting Unemployment, Lifting Inflation...
Tuesday, 17 July 2018 09:26 WIB

Bank sentral Australia mengharapkan ekonomi yang menguat untuk secara bertahap mengurangi pengangguran dan mengangkat inflasi, menegaskan kembali tidak ada kasus yang kuat untuk langkah kebijakan jang...

Draghi Says Euro-Area Inflation Path Appears Self-Sustained...
Monday, 9 July 2018 21:14 WIB

Mario Draghi mengatakan peningkatan inflasi zona euro berada di jalur mandiri, memungkinkan Bank Sentral Eropa untuk menarik pembelian obligasinya meskipun meningkatkan tensi perang perdagangan global...

Fed minutes: Negative risks to economy from U.S. trade policy have intensified...
Friday, 6 July 2018 04:02 WIB

The Federal Reserve pada awal Juni melihat bahwa risiko negatif dari kebijakan perdagangan AS "telah meningkat" dan dapat memiliki efek negatif pada sentimen bisnis dan pengeluaran investasi, menurut ...

Australia Holds Key Rate as Currency Drop Offers Export Support...
Tuesday, 3 July 2018 12:52 WIB

Australia mempertahankan suku bunga utamanya tidak berubah pada rekor rendah pada Selasa karena penurunan mata uang baru-baru ini membantu perekonomian dengan menawarkan eksportir beberapa penyekatan ...

POPULAR NEWS
Gold books back-to-back loss to finish around 2018's lows

Gold prices on Monday fell for a second straight...

Gold aims to snap 2-session skid as dollar gauge sees muted action

Gold prices on Tuesday edged higher, attempting...

Gold prices down a third straight session to lowest finish in a year

Gold futures fell a third session in a row on...

LATEST NEWS
Dollar index turns negative after Trump say's he's not 'thrilled' with Feds' rate hikes

The U.S. dollar turned negative versus its main rivals on Thursday after President Donald Trump said he disagreed with the Federal Reserve's strategy to gradually hike interest rates. Trump told CNBC during an interview on Thursday that he isn't...

Gold Prices Pare Losses, But Still End at a 1-Year Low

Gold futures gave up much of their declines Thursday, but still finished at their lowest in about a year. President Donald Trump voiced his disagreement with the Federal Reserve's plan for gradual increases in interest rates, prompting a decline...

Dow Threatens to Snap 5-Day Win Streak

U.S. stocks fell in midday trading on Thursday, as major indexes consolidated their gains after a five-day rally that was driven largely by optimism over the strength of corporate earnings. The Dow Jones Industrial Average was down 0.2%, or 61...