interest rates without causing a recession.... Quarles drove several changes to financial

NEW YORK: Federal Reserve( Fed) governor Randal Quarles reminded market participants that they

Biden ultimately picks to succeed Randal Quarles, the departing central bank governor who served as

It is unclear how much support her nomination would muster from Republicans.At the online political wagering site PredictIt. org, Powell remains the odds-on favourite, at about 68 per cent.... Brainard’s stock trails at 31 per cent.... Regardless of his choice for the top Fed job, Biden will have a chance to shape the rest of the seven-mem-ber board....

Republican leaders had a duty to promote COVID-19 vaccinations at Kentucky's marquee political event, and their failure to do so showed they put “ politics above the very lives of our people, ” Democratic Gov.... All the Republican speakers had to do was “ take one minute away from their personal ambition ” and promote the shots, he said. The non-election year speeches came as Kentucky faces a surge in COVID-19 cases, leading to increased hospitalizations and concerns the death toll will spike.

Kentucky Governor Andy Beshear defended his mask requirement for state workers Thursday, brushing off criticism by state GOP officials who announced that they would not enforce the mandate in their offices.... Beshear issued the order for state workers and visitors to any state building Wednesday, prompted by a statewide surge in COVID-19 cases accelerated by the highly contagious delta variant.... The state’s test positivity rate — which had dipped below 2% on July 1 — was 8.29% on Wednesday.

WASHINGTON: Large banks will no longer face pandemic-era restrictions on how much they can spend buying back stock and paying dividends, the Federal Reserve announced Thursday after finding the firms would remain well capitalized in its latest stress test. The central bank said the test found 23 of the largest firms would suffer a combined US$ 474 billion in losses under a hypothetical severe downturn, but that would still leave them with more than twice as much capital required under Fed rules.

Financial firms may need to bolster their defences in the face of rocketing cyber attacks after employees began working from home, the Financial Stability Board( FSB) said on Tuesday. The FSB, which coordinates financial rules for the G20 group of nations, said remote working since economies went into lockdown to fight COVID-19 opened up new possibilities for cyber attacks.... Working from home( WFH) is expected to stay in some form across the financial services industry and beyond." Most cyber

Republican Kentucky Attorney General Daniel Cameron filed paperwork Wednesday to enter the state's 2023 governor’s race, hoping to ride his resistance to Democratic Gov.... Andy Beshear’s coronavirus restrictions into the governor’s office. Cameron, seen as a rising GOP star, made history in 2019 as the first African American to serve as the state’s attorney general.... The governor maintains that his actions saved lives. During his tenure as attorney general, Cameron also came under close nat

WASHINGTON--The Federal Reserve reports that the economy faced a number of headwinds at the start of this month, ranging from supply-chain disruptions and labor shortages to uncertainty about the delta variant of COVID.In its latest survey of business conditions around the nation, the Fed said Wednesday that a majority of its 12 regions viewed consumer spending, the main driving force for the economy, as remaining positive despite the various speed bumps. The report noted wide differences in per