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November 21, 2022

The Senate Banking Committee and the House Financial Services Committee heard testimony on economic and regulatory developments from FRB Vice Chair for Supervision Michael S. Barr, FDIC Acting Chair Martin Gruenberg, Acting Comptroller Michael J. Hsu and NCUA Chair Todd M. Harper.

November 16, 2022
Commentary by Steven Lofchie

The Federal Reserve Bank of New York initiated a 12-week proof-of-concept project to explore the feasibility of a U.S. Central Bank Digital Currency based on distributed ledger technology.

November 08, 2022
Commentary by Steven Lofchie

In its November 2022 Financial Stability Report, the Federal Reserve Board identified primary risks to financial stability in the banking industry, including "unexpectedly and persistently high inflation," cyberattacks, and climate-related and digital asset-related financial risk.