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Michael Barr

All articles tagged with #michael barr

economy1 hour ago•2 min saved

Barr Signals Readiness to Hike If Inflation Stays Elevated

Fed Governor Michael Barr said he would back a rate hike if inflation doesn’t convincingly ease toward the 2% target, but he’d wait to see clearer moderation before acting. With inflation still above target and yields rising, markets are pricing in a possible move at the next FOMC meeting in two weeks. Barr had supported a pause at the July meeting, but warned persistent inflation could necessitate decisive action; current readings show about 3.7% headline inflation (3.3% core), with CPI/PPI data due ahead.

via CNBC|

#economy #federal-reserve #fomc

business6 months ago•455 min saved

AI Sparks Fed Debate: Warsh Sees Rate Cuts, Barr Pushes Caution

Fed officials remain divided on AI’s impact on policy: former governor Kevin Warsh argues AI adoption could boost productivity and justify lower rates, while Fed Governor Michael Barr says the AI boom is unlikely to meaningfully push rates down in the near term and warns that productivity gains could lift the neutral rate, suggesting only limited or gradual easing ahead.

via CNN|

#ai #business #fed

financeeconomy2 years ago•1 min saved

"Federal Reserve to Let Emergency Bank Loan Program Expire, Markets Prepare for Impact"

The Federal Reserve's vice chair for supervision, Michael Barr, indicated that the central bank is unlikely to extend the Bank Term Funding Program, an emergency loan program initiated during the regional banking crisis last year, as it has served its purpose in alleviating stress in the financial system. The temporary program is scheduled to expire on March 11.

via Bloomberg|

#banking-crisis #emergency-loan-program #federal-reserve

opinion3 years ago•1 min saved

"The Fed's Power Struggle: Failures and Vulnerabilities Revealed"

The Federal Reserve's Vice Chair for Supervision, Michael Barr, released a report on Silicon Valley Bank's failure, which mainly serves to protect the Fed and bolster the Biden Administration's financial regulatory agenda. The report concedes that examiners at the San Francisco Fed flagged numerous problems at SVB well before its failure, but it says they were handcuffed by higher-ups in Washington and a 2018 law that eased regulations on mid-sized banks. The solution to regulatory failure is always to give regulators more power, but this approach may not be effective.

via The Wall Street Journal|

#federal-reserve #financial-regulation #michael-barr