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Articles tagged by US Federal Reserve

Mexican Peso May Lag Peers: Survey The Mexican peso is expected to underperform most of its peers in the emerging markets, according to a survey of FX corporate and sales executives, traders and strategists attending Bloomberg’s FX16 Symposium found. Out of more than 120 respondents, some 57% ...
US Fed Bans Former FX Trader From Banking The US Federal Reserve Board has banned former Barclays and UBS FX trader, Matthew Gardiner, from working in the banking industry for his manipulation of FX pricing benchmarks. The board says that from January 2008 until at least January 2013 that Gardiner “...
Fed Issues $1.2m Fine, Seeks Banking Ban for Ex-Barclays Trader The US Federal Reserve Board has announced that it will seek a $1.2 million fine and a permanent ban on employment in the banking industry for Chris Ashton, a former FX trader at Barclays.
FX Trading in 2017: Plenty of Surprises to Come Last year the FX market was highly event driven, with periods of sustained low volatility occasionally punctuated by large but episodic market moves. Looking ahead to 2017 and there are already clearly some events set to take place that have the potential to drive further bursts of volatility, namely the invocation of Article 50 by Britain to begin its exit from the European Union and the scheduled political elections in France, Holland and Germany. In addition, the change of policy direction expected under US Presidential-elect, Donald Trump, and the US Federal Reserve’s indication at the end of 2016 that it currently plans to raise rates three times this year are expected to be major drivers of the currency markets in the coming year.
Tarullo to Step Down From Fed Board Daniel Tarullo has resigned as a member of the board of governors of the Federal Reserve System, effective on or around April 5, 2017. He has been a member of the board since January 28, 2009. "Dan led the Fed's work to craft a new framework for ensuring the safety and soundness of our financial system following the financial crisis and made invaluable contributions across the entire range of the Fed's responsibilities," says Fed Chair, Janet Yellen. "My colleagues and I will truly miss his deep expertise, impeccable judgment, wise insight and strategic counsel."us
Trump Names Powell as Next Fed Chairman Jerome Powell has been nominated by President Donald Trump as the next chairman of the US Federal Reserve. Powell is currently a member of the board of governors of the Federal Reserve, after being sworn in on May 25, 2012, to fill an unexpired term. He was reappointed and sworn in on June 16, 2014, for a term ending January 31, 2028. Prior to his appointment to the board, Powell was a visiting scholar at the Bipartisan Policy Center in Washington, DC, where he focused on federal and state fiscal issues. From 1997 through 2005, Powell was a partner at the Carlyle Group.