There are eight
additional Fed bank presidents who attend the policy meetings, but do not vote this year.
Not exact matches
In either case, it seems that what provoked Dimon were recent signals from a
Fed governor that the largest
banks might face an
additional capital surcharge, above and beyond the new capital and liquidity requirements agreed to last year in Basel.
In a speech last week,
Fed Governor Daniel Tarullo said
additional capital requirements are needed to prevent systemwide financial instability that could be caused by the failure of one of the world's biggest or most interconnected
banks.
In saying the
Fed expected «moderate» economic growth, «
additional strengthening in the labor market» and inflation rising toward the central
bank's annual 2 % target, Yellen appeared to be preparing financial markets for a potential rate hike after the central
bank's Sept. 20 - 21 meeting.
While the
Fed is still maintaining an effective overnight lending rate near zero percent, the central
bank has not been acquiring Treasuries with
additional electronic dollars to stimulate the U.S. economy.
Prospects are we will see two or three
additional Fed rate hikes next year, while the
Bank of Canada holds steady.
Next week will be the more interesting CCAR results, where
banks will reveal whether or not the
Fed approved their capital plans to buy back
additional shares and raise their dividends.»
Additional bank account
feeds will incur a nominal fee.