- Story Log
User | Time | Action Performed |
---|---|---|
-
Wall Street Races to Launch Latest Cohort of Crypto-Spot ETFs
The race to launch an exchange-traded fund tracking XRP, the seventh-largest digital token, has begun. Canary Capital Group, a new digital asset-focused investment firm founded in September, submitted paperwork with the Securities and Exchange Commission Tuesday to launch the Canary XRP ETF. It comes just a week after Bitwise Asset Management Inc. became the first firm to file for an ETF tracking the token. Canary, founded by former Valkyrie Funds co-founder Steven McClurg, said in a statement that it was encouraged by “signs of a more progressive regulatory environment coupled with growing demand from ... (full story)
- Comments
- Subscribe
-
- Older Stories
Thank you, President Hicks and Tara Boehmler, for the kind introduction.1 Let me start by saying that I am saddened by the tragic loss of life, destruction, and damage resulting from Hurricane Helene in North Carolina, and throughout this region. My thoughts are with the people and communities affected, including those in the Davidson College family. For our part, the Federal Reserve and other federal and state financial regulatory agencies are working with banks and credit unions in the affected area to help make sure they can continue to meet the financial services needs of their communities. I am happy to be back at Davidson College. This is a special community. I am bound to it by a shared experience defined not by its length, but by its intensity. As I visited with you today, and as I look around this hall, I see the faces of colleagues who became dear friends during the COVID-19 pandemic. Back then, we spoke often about the unprecedented uncertainty we faced. Amidst that uncertainty, however, we supported each other on this campus. Now, looking back, we can attest that this mutual support was vital. I am grateful to have been amongst you during that unprecedented time. Today, I am proud to see that Davidson is stronger than ever. I am excited to be here with you this evening and to talk to you about the history of the Federal Reserve's discount window.2 The discount window is one of the tools the Fed uses to support the liquidity and stability of the banking system, and to implement monetary policy effectively. It was created in 1913 when the Fed was established. Today, more than 110 years later, this tool continues to play an important role. At the Fed, we always look for ways to improve our tools, including our discount window operations. Recently, the Fed published a request for information document to receive feedback from the public regarding operational aspects of the discount window and intraday credit.3 Today, I will do three things. First, I will discuss briefly my outlook for the U.S. economy. Second, I will offer my historical perspective on the discount window, starting in 1913 and ending in 2000. Finally, I will provide a few details about the request for information the Fed recently published. post: JEFFERSON FROM FED: EMPLOYMENT AND INFLATION GOALS ROUGHLY BALANCED post: JEFFERSON ANTICIPATES INFLATION WILL KEEP TRENDING TOWARDS 2%
Citigroup Global Markets Inc (CGMI) has agreed to pay a fine of $1,400,000 as a part of a settlement with the Financial Industry Regulatory Authority (FINRA). Beginning in October ...
On the other hand, there are risks of sticky inflation, Boston Fed president says Boston Fed President Susan Collins said Tuesday that there are risks to the U.S. economy not only ...
-
- Newer Stories
The Monetary Policy Committee today agreed to cut the Official Cash Rate (OCR) to 4.75 percent. The Committee assesses that annual consumer price inflation is within its 1 to 3 ...
Chinese stocks puked hard overnight as the return from Golden Week was greeted by less-then-wished-for stimulus chatter from China... chart US stocks shrugged off the China ...
Policymakers at the Reserve Bank of New Zealand have slashed half a percentage point from the official cash rate and claimed victory in achieving its inflation mandate. The seven ...
- Story Stats
- Posted: Oct 8, 2024 8:12pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 110