Banking Dems Demand GSE Capital-Rule Delay
Following requests from many industry and advocacy interest groups, a letter late yesterday spearheaded by Senate Banking Ranking Member Brown (D-OH) signed by most Banking Democrats demanded that FHFA extend the comment period on its GSE capital proposal.

FRB-NY: Digital Currency Can be Token and Account-Based
In a post today, Federal Reserve Bank of New York staff argue that distinctions between “token” and “account-based” digital currency are often unnecessary because many digital currencies have attributes of both types of money.

Rosengren Reiterates Support for MSLP As Is
In a speech today also offering a grim economic forecast, Federal Reserve Bank of Boston President Eric Rosengren renewed his defense of the Main Street Lending Program administered by his Reserve Bank.