The Federal Reserve disclosed results from an assessment of how big US banks would be impacted by climate change, an exercise that created new political tensions for the central bank. JPMorgan Chase (JPM), Bank of America (BAC), Citigroup (C), Wells Fargo (WFC), Goldman Sachs (GS), and Morgan Stanley (MS) found that 20%-50% of their commercial […]
Tag: policymaker
ECB’s next move will be lowering rates, says policymaker
The next monetary policy move by the European Central Bank (ECB) should be a lowering of interest rates, French central bank chief and ECB policymaker Francois Villeroy de Galhau has said. However, he declined to give any guidance as to when this could happen. His comments come after the ECB confirmed on Thursday it is […]