1. Fed Creates New Panel To Watch For Risks.
- Author
-
McGRANE, VICTORIA and NICOLACI DA COSTA, PEDRO
- Subjects
- BOARD of Governors of the Federal Reserve System (U.S.), FISCHER, Stanley, 1943-, TARULLO, Daniel K., 1952-, BRAINARD, Lael, 1962-, YELLEN, Janet, 1946-
- Abstract
The article reports that the U.S. Federal Reserve (Fed) has created a committee to be on the lookout for threats to financial stability. Fed officials Daniel Tarullo, Stanley Fischer, and Lael Brainard will serve on the panel, to which the Fed's Office of Financial Stability Policy and Research will report. Potential risks to the financial system has been an area of increased concern for Fed chairwoman Janet Yellen.
- Published
- 2014