FOMC

Richmond Fed President Jeffrey Lacker resigned Tuesday after revealing that he inadvertently disclosed confidential information about monetary policy to an analyst in 2012.

Fed Chair Janet Yellen cast doubt on the administration’s call for a reinstatement of a Depression-era barrier between commercial and investment banking activities.

Banks of all stripes are cheering what the Federal Reserve’s accelerated rate increases promise for net interest income, but big banks and small banks have conflicting notions about how they want to price deposits in the coming months.

The Federal Reserve’s Federal Open Market Committee on Wednesday raised the federal funds rate 0.25%, marking only the third rate hike since the financial crisis.

Scott Alvarez, the Federal Reserve's longtime general counsel, will retire later this year after nearly three dozen years at the central bank, the agency announced Wednesday.