Archives of “federal reserve bank of new york” tag

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There is a packed agenda of Federal Reserve speakers coming up this week

  
  Analysis
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The Fed, though, will roll out the talking heads from Wednesday.
Wednesday 8 September:
  • Federal Reserve Bank of New York President John Williams will speak on the economic outlook and monetary policy
  • Fed Dallas President Robert Kaplan will participate in Discussion of Economic Developments and Implications for Monetary Policy
  • Fed Chicago President Charles Evans will give welcome remarks before a virtual “Exploring Career Pathways in Economic and Related Fields” event
Thursday
  • Federal Reserve Bank of San Francisco President Mary Daly will present a paper in “The Economic Gains From Equity”
  • Federal Reserve Board Governor Michelle Bowman will speak on “Community Bank Access to Innovation”
  • Federal Minneapolis President Neel Kashkari, Fed Boston President Eric Rosengren, Fed Dallas President Robert Kaplan and Fed New York President John Williams will participate in virtual “Racism and the Economy: Focus on Health” event
Friday
  • Federal Reserve Bank of Cleveland President Loretta Mester will speak before virtual Bank of Finland-CEPR “New Avenues for Monetary Policy” Conference
I posted earlier on central bank events this week that are not the US Fed :-D :

The Federal Reserve flags risks and twice–yearly report on financial hazards

  
  Analysis
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Federal Reserve publishes its 2020 financial stability report

  • warns financial sector vulnerabilities likely to be significant in near-term
  • pandemic strains on household and business balance sheets likely created fragility’s that last for some time
  • warns banking sector may experience strains as a result of economic and financial stocks
  • Banks so far have been able to meet demand for credit line drawdowns while adding to loan-loss reserves
  • some hedge funds have been severely affected by large asset price declines and volatility, contributing to market dislocations
  • primary dealers struggled to provide intermediation services at peak stress periods
  • asset prices subject to significant declines if pandemic worsens
  • funding markets were less fragile than in financial crisis but still suffered strains required Fed intervention
  • high levels of business debt likely to make economic fallout from pandemic worse
  • pandemic poses severe risk to businesses of all sizes and millions of households
  • pandemic to cause a sharp rise in defaults on household debt
  • market debt for long dated treasuries and treasury futures in March fell to record low and has shown only modest improvements since
  • mortgage servicers under strain from forbearance could lead to less mortgage credit and some failures in the future
  • further dollar appreciation could put additional strains on US firms that rely on exports and supply chains in their operations
  • Covid 19 risks, a no deal Brexit, still poses risks to European and US financial systems

Gold : Who's Got It And Who's Finding It

  
  Education
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With the dramatic rise in gold’s popularity many still need to be educated about some of the core concepts of the gold market, such as who holds it, and who produces it. Courtesy of Money Hacker we have a useful visual representation that answers precisely these two questions. In addition, here are some of the most useful and trivial factoids about gold, that have no bearing on its price whatsoever, but serve as perfect cocktail small talk.

Click Image to ENLARGE !

Some Insights into the data on the infographic:

All Gold Ever Mined – The total amount of gold ever mined is estimated to be worth around US$5 trillion.

How Gold is Used – You might have though (like me) that most of the gold in the world stored in bank vaults and lock-boxes? Actually, 78 % of the worlds’ gold is made into jewelery. Other industries, mostly electronics, medical, and dental, require about 12%. The remaining 10% of the yearly gold supply is used in financial transactions. (more…)

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