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How The Fed Can Improve Financial Stability And Reduce Inequality

How The Fed Can Improve Financial Stability And Reduce Inequality

by Thomas L. Hogan One of the most important economic questions facing President Biden is whom to appoint as chair of the Federal Reserve. While many consider current Fed Chair Jerome Powell to be the leading candidate, some have criticized Powell for allegedly reducing the strictness of U.S. bank regulations.  As the nation’s central bank, the […]

Not Smart Financial Regulation

Not Smart Financial Regulation

On July 1st, a new regulation for large U.S. banks, the Net Stable Funding Ratio (NSFR), went into effect. This rule is intended to improve financial stability by requiring banks to maintain long-term funding in excess of their short-term obligations. However, given that research cited by bank regulators finds that the costs of this rule […]