It is not at all clear that the Federal Reserve Act permits negative IOER rates.
I find it very, very disturbing to even seriously consider moving in that direction, and I hope we could talk about some of the potential ri...
One of my deep concerns is that central banks around the world, very much including our own, seem to be trying to compensate for an inabilit...
And if banks resist that, then that just means their margins are crushed.
There is a systematic risk that we are underestimating the risks of the assets that we are claiming.
We were failing in our statutory obligation and an obligation based on decency to do a budget.
So if you use that methodology for different borrowers, is it fair to say that that methodology fails to capture the different credit qualit...
I think CBO's hands are tied, is my understanding, into a methodology that does not sufficiently take into account the different range of cr...
If you have a loan that is made or guaranteed by the Federal Government through a vehicle like the Ex-Im Bank or more directly, and you have...
And failure to do so would absolutely mislead about the nature of those risks.
It would take a significant step, I think, in the direction of diminishing the risk of diversion.