Lael Brainard – DIGIT INFO

US Federal Reserve Board Unveils Final Guidelines Used When Reviewing Requests for Access to Master Accounts

DIGIT — Thu, 18 Aug 2022 07:00:16 +0000

The U.S. Federal Reserve Board has said it has released the final guidelines which are set to be used by Reserve Banks when “reviewing requests to access Federal Reserve accounts and payment services.” According to the board, the final guidelines will become effective as soon as they are published in the Federal Register. New Guidelines […]

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Fed’s Brainard Calls for Sound Regulation of Crypto Financial System to Be Established ‘Now’

DIGIT — Sun, 10 Jul 2022 03:50:06 +0000

Federal Reserve Vice Chair Lael Brainard has stressed the importance of establishing sound regulation for the crypto financial system “now before the crypto ecosystem becomes so large or interconnected that it might pose risks to the stability of the broader financial system.” Fed Vice Chair Brainard on Crypto Regulation Lael Brainard, the vice chair of […]

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Report: Fed’s Secret Repo Loans to Megabanks in 2020 Eclipsed 2008 Bailouts, Data Dump Shows $48 Trillion in Stealth Funding

DIGIT — Wed, 13 Apr 2022 21:30:28 +0000

Following the controversial bank bailouts and Troubled Asset Relief Program (TARP) in 2008, reports show in late 2019 and 2020, the U.S. Federal Reserve participated in providing trillions of dollars in secret repo loans to megabanks. At the end of March, investigative journalists, Pam and Russ Martens from Wall Street on Parade, uncovered $3.84 trillion […]

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Fed’s Lael Brainard invites Congress to choose whether to compete with China’s digital yuan

DIGIT — Thu, 13 Jan 2022 19:49:41 +0000

“We want to make sure that we do the requisite research on policy and technology so we’re in a position to move forward if Congress decides it’s important to be able to compete with China in this regard,” said Lael Brainard.

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After Overseeing the Largest Monetary Expansion in US History Biden Renominates Powell to Lead the Fed

DIGIT — Mon, 22 Nov 2021 21:30:52 +0000

U.S. president Joe Biden revealed his intent on Monday to re-nominate Jerome Powell as the Federal Reserve chairperson. Major indices and stocks gained on the news that Powell will get a second term as the head of the central bank. Biden Chooses to Renominate Fed Chair Jerome Powell On Monday, president Joe Biden revealed that […]

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US President Biden Nears Decision to Choose Fed Chair — Reports Indicate Toss-up Between Powell and Brainard

DIGIT — Sat, 13 Nov 2021 16:30:35 +0000

Following the passing of the Biden administration’s infrastructure bill, the U.S. president appears to be nearing his decision on whether or not he will reappoint Jerome Powell, the current Federal Reserve Board chairperson. According to a few reports Powell may be chosen, but other reports say the Fed’s Board of Governors member, Lael Brainard, could […]

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Fed Governor Lael Brainard Can’t Imagine Future Without Digital Dollar

DIGIT — Sat, 31 Jul 2021 15:00:39 +0000

Pointing to a number of reasons why a digital version of the U.S. dollar should be created, Federal Reserve Governor Lael Brainard insisted that not having one wouldn’t lead to a sustainable future. The central bank official believes a digital dollar will have both international and domestic applications. US Fed’s Lael Brainard Can’t Wrap Head […]

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Printing $1.7 Trillion for Climate Change: How Joe Biden’s Administration Aims to Push the ‘Green New Deal’

DIGIT — Fri, 13 Nov 2020 20:00:19 +0000

In 2020, the U.S. Federal Reserve has injected an enormous amount of U.S. dollars to special interests in the banking sector in order to combat the economic effects stemming from the coronavirus outbreak. This week the central bank published its financial stability report and the Fed discussed addressing climate change for the first time. A […]

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US Federal Reserve Reveals Building a Digital Dollar Codebase With MIT

DIGIT — Sat, 15 Aug 2020 03:45:39 +0000

The U.S. central bank has been working on creating a digital dollar, according to a recently published transcript from Federal Reserve Board Governor Lael Brainard. On Thursday, she told participants attending “San Francisco’s Innovation Office Hours” webcast, that the Fed has been “collaborating with researchers at the Massachusetts Institute of Technology (MIT)” toward building a […]

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A Sea Change to Crypto Hits America, Again

DIGIT — Sun, 01 Mar 2020 00:45:06 +0000

A sea change is coming to cryptocurrency in America. It is likely to hit in two separate waves: a central bank digital currency (CBDC) and draconian regulation that shuts down free-market activities, including development. Also Read: No Backdoor on Human Rights: Why Encryption Cannot Be Compromised The Wave of a Central Bank Digital Currency Robert […]

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