09:13 AM EDT, 05/20/2024 (MT Newswires) -- Recent data show that inflation is still a distance away from the 2% target and suggests that holding interest rate at a restrictive level for a time is needed, Federal Reserve Vice Chair for Supervision Michael Barr said Monday. As noted in the FOMC's statement following our meeting earlier this month, inflation readings...

07:51 AM EDT, 05/20/2024 (MT Newswires) -- The US dollar rose against its major trading partners early Monday as markets turn their attention to home sales data this week and the minutes of the April 30-May 1 Federal Open Market Committee meeting. There are no economic data releases scheduled for Monday, but Federal Reserve Vice Chair for Supervision Michael Barr...

07:02 AM EDT, 05/20/2024 (MT Newswires) -- The US dollar was struggling for traction near the prior week's lows against many major currencies in early European trade on Monday as global markets looked ahead to a series of scheduled speeches from Federal Reserve officials. Most major currencies were little changed against the US dollar on Monday despite a favorable backdrop...

WASHINGTON (Reuters) - U.S. bank regulators are reconsidering how much liquidity banks should be required to have on hand following a series of abrupt bank failures in 2023, the Federal Reserve's top regulatory official said Monday. Michael Barr, the Fed's vice chair for supervision, said regulators are considering targeted adjustments to existing liquidity rules aimed at boosting bank resilience under...