Brainard Favors MMF Buffers
FRB. Gov. Brainard today endorsed two reforms of the ten outlined for fast consideration by the President’s Working Group on Financial Markets (see Client Report MMF16) late last year: capital buffers or first-mover restraints (e.g., swing pricing, balances-at-risk). C

A New Fed Housing Mandate?
During another of the Federal Reserve Banks’ seminars on economic inequality, FRB-Atlanta President Raphael Bostic today offered a new interpretation of the Fed’s dual mandate that includes housing opportunity and equity.