Bank Policy Institute
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Wall Street Faces Yellen’s Scrutiny After Fed Debt-Market Rescue
By Paula Seligson and Craig Torres
March 31, 2021, Bloomberg
The Federal Reserve saved the corporate bond market after it froze last year. Now regulators want Wall Street to pay …

Yellen Shift on Vast Treasury Cash Pile Poses Problem for Powell
By Rich Miller and Liz McCormick
February 16, 2021, Bloomberg
Treasury Secretary Janet Yellen is giving Federal Reserve Chairman Jerome Powell a bit of a headache when it comes to …

Brookings Institution: Loose Ends in the US Treasury Market
By Dan Barnes
January 7, 2021, The Desk
A paper published by Nellie Liang, the Miriam K. Carliner senior fellow in Economic Studies at the think tank Brookings Institution and …

‘No new Libor’ contracts suggested as New Year’s resolution by N.Y. Fed official
By Brian Tumulty
December 11, 2020, The Bond Buyer
Municipal bond issuers should heed the advice to enter no new Libor-based contracts in 2021, according to Cindy Harris, the chair …

Fed will calibrate NSFR to avoid hurting repo
By Philip Alexander
September 25, 2020, Risk
The US Federal Reserve will seek to calibrate a key Basel liquidity ratio to avoid putting pressure on US Treasury cash and repo …
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U.S. finance industry says markets must stay open during epidemic
By Huw Jones
March 20, 2020, Reuters
Keeping U.S. markets open during the coronavirus epidemic is critical for maintaining investor confidence, exchanges and market industry bodies said in a joint …
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G7 pledges to use policy tools to combat coronavirus but offers no specifics
Global financial ministers and central bankers held a G-7 conference call on Tuesday to coordinate the financial and economic response to the coronavirus. CNBC’s Steve Liesman reports. Bill Nelson, chief …
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JP Morgan gets busy in repo lending after regulatory nod: CFO
By Matt Scuffham and David Henry
February 25, 2020, Reuters
JP Morgan Chase & Co is putting more cash into overnight lending markets and holding less for a rainy day, …
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Wall Street Magic Tricks Make Banks Look Safer Than They Are
By Vernon Silver and Yalman Onaran
December 19, 2019, Businessweek
On a Friday afternoon in November, the long story of the global economic crisis reached a milestone: More than a …
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Despite the Fed’s efforts, the repo market risks more turbulence
December 18, 2019, The Economist
From one perspective, the Federal Reserve is expecting a quiet 2020. Of the 17 rate-setters at America’s central bank, 13 expect that it will not …
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