The departure of Raphael W. Bostic, who has served in the role since 2017, would create a new vacancy at the central bank.
Fed's Waller expects "skinny" Fed payment accounts to be available to eligible financial institutions by the end of 2026.
The Dispatch on MSN

Why the Federal Reserve matters

The Dispatch reports on the Federal Reserve's evolving role and challenges, highlighting its impact on trust, inflation, and ...
The official responsible for implementing monetary policy at the Federal Reserve Bank of New York said on Wednesday that ...
(Reuters) -The U.S. Federal Reserve aims to get a new set of streamlined payment accounts that would allow risk-tailored ...
Indeed, as the balance sheet shrank, money market conditions gradually tightened, and we observed first the reemergence of repo-rate volatility on month- and quarter-ends ( Panel 5 ), then pressure ...
The president and chief executive officer of the Federal Reserve Bank of Atlanta announced his intention to retire on Feb. 28, 2026. Prosecutors say the Atlanta man tried to steal over $3.3 million ...