Give everyone a chance to ask their questions, whether they’re on mute or too shy to speak up. People can ask anonymously and vote for the questions they like, bringing the most important topics to light.

For the past year and a half, the Task Force on Financial Stability has been identifying gaps in the financial regulatory architecture and other features of the financial system that make it insufficiently resilient to adverse developments. Co-sponsored by the Hutchins Center at Brookings and the Initiative on Global Markets at the Chicago Booth School of Business, the task force recommends ways to assure that the financial system can support economic growth even after the economy and financial system have been hit with a bad shock. The report focuses on vulnerabilities outside the regulated banking system—the U.S. Treasury market, clearinghouses, open-end mutual funds, and other markets and non-bank financial institutions—because the capital...

No doubt there are political considerations at play here. But from a policy perspective, Sen. Sanders was right in May and is wrong now. Any relaxation of the cap will necessarily benefit people towards the top of the income ladder. If the cap was lifted to $20,000, for example, over 95 percent of the benefit would flow to the top income quintile. Not billionaires, perhaps – but hardly the neediest in our society.

For the past year and a half, the Task Force on Financial Stability has been identifying gaps in the financial regulatory architecture and other features of the financial system that make it insufficiently resilient to adverse developments. Co-sponsored by the Hutchins Center at Brookings and the Initiative on Global Markets at the Chicago Booth School of Business, the task force recommends ways to assure that the financial system can support economic growth even after the economy and financial system have been hit with a bad shock. The report focuses on vulnerabilities outside the regulated banking system—the U.S. Treasury market, clearinghouses, open-end mutual funds, and other markets and non-bank financial institutions—because the capital footings and regulation of banks were substantially strengthened after the global financial crisis. It also recommends ways to strengthen the regulatory structure and process. 

At this report release event on...

Hospitals and corporations owned half of America's physician practices and employed nearly 70% of doctors by the end of 2020, according to a new analysis released by the Physicians Advocacy Institute.

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If something happened and you had trouble paying your bills or managing your income and expenses, you'd need someone to step in and help. Most people need some level of assistance managing their money as they age, no matter how much money they have and how healthy they are now.

Choosing someone you trust to be your financial advocate will help keep your money safe and give you peace of mind.

Inflation refers to changes over time in the overall level of prices of goods and services throughout the economy. The government measures inflation by comparing the current prices of a set of goods and services to previous prices. That turns out to be more complicated than it sounds. Here’s how inflation measures work.

Give everyone a chance to ask their questions, whether they’re on mute or too shy to speak up. People can ask anonymously and vote for the questions they like, bringing the most important topics to light.

For the past year and a half, the Task Force on Financial Stability has been identifying gaps in the financial regulatory architecture and other features of the financial system that make it insufficiently resilient to adverse developments. Co-sponsored by the Hutchins Center at Brookings and the Initiative on Global Markets at the Chicago Booth School of Business, the task force recommends ways to assure that the financial system can support economic growth even after the economy and financial system have been hit with a bad shock. The report focuses on vulnerabilities outside the regulated banking system—the U.S. Treasury market, clearinghouses, open-end mutual funds, and other markets and non-bank financial institutions—because the capital...

Kevin B. Moore and Karen M. Pence

The Survey of Consumer Finances (SCF) is one of the main data sources in the United States for assessing and analyzing differences in wealth and financial well-being across families. In recent years, the SCF estimates of racial and ethnic wealth gaps have garnered considerable attention, in part because these disparities are so large and persistent. In 2019, for example, the median wealth of White families was five times that of Hispanic or Latino families and eight times that of Black families.1 This relationship is essentially unchanged since 1995. The SCF microdata also reveal how these differences vary across subsets of families. For example, among families with a college degree, median wealth for White families in 2019 was four to five times as large as median wealth for Black and Hispanic or Latino families (table 1).

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WASHINGTON—As Federal Reserve officials discuss how to eventually scale back their easy-money policies, they are debating whether to start by reducing purchases of mortgage-backed securities to avoid adding more fuel to the housing boom.

The Fed has bought $982 billion of the mortgage bonds since March 5, 2020, and currently plans to keep buying at least $40 billion each month. Those purchases, along with the Fed’s monthly purchases of $80 billion of Treasury debt, aim to hold down long-term borrowing costs to stimulate the economy as it recovers from the effects of the pandemic.

Fed officials at their June 15-16 policy meeting reaffirmed plans to continue holding short-term interest rates near zero and continue the asset purchases for some time. They also began discussing when and how to begin reducing, or tapering, asset purchases as an initial step toward weaning the economy off such support.

One option suggested at the meeting was to start scaling...

You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more

You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more

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