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Federal Reserve Alert! James Bullard: "Financial stress can be harrowing, but also tends to reduce the level of interest rates"

โ€œContinued appropriate macroprudential policy can contain financial stress, while appropriate monetary policy can continue to put downward pressure on inflationโ€ St. Louis Federal Reserve President James Bullard Presentation: "Financial Stress and the Economy," Arkansas Bankers Associationโ€™s 133rd Annual Convention, Day with the Commissioner, Little Rock, Ark. Source:
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics

FDIC Alert! $114 billion in face value Agency Mortgage Backed Securities, Collateralized Mortgage Obligations, and Commercial Mortgage Backed Securities about to be liquidated 'gradual and orderly'

with the 'aim to minimize the potential for any adverse impact on market functioning' by BlackRock. Source: https://www.fdic.gov/news/press-releases/2023/pr23029.html The Federal Deposit Insurance Corporation (FDIC) as receiver of the former Signature Bank, New York, NY, and Silicon Valley Bank, Santa Clara,
dismal-jellyfish ๐Ÿ“ฐ News

SEC Alert! Proposed rule Safeguarding Customer Information OPEN for comment. Current rule protects customer information against unauthorized access or use but does NOT include a requirement to notify affected individuals in the event of a data breach.

Would extend to Transfer Agents (Computershare). Source: https://public-inspection.federalregister.gov/2023-05774.pdf (224 pages): Summary: The SEC is proposing rule amendments that would require brokers and dealers (or โ€œbroker-dealersโ€), investment companies, and investment advisers registered with the Commission to adopt written policies and procedures for incident response programs to
dismal-jellyfish ๐Ÿงฑ Market Reform

Goldman Sachs submits Letter of Acceptance, Waiver, Consent (AWC) for proposing a settlement of the alleged rule violations. From 10/2015 - 4/2018, Goldman mismarked as โ€œlongโ€ approximately 60 million short sale orders totaling 14+ billion shares.

Source: https://www.finra.org/sites/default/files/fda_documents/2018059146501%20Goldman%20Sachs%20%26%20Co.%20LLC%20CRD%20361%20AWC%20lp.pdf OVERVIEW: * From October 2015 to April 2018, Goldman mismarked as โ€œlongโ€ approximately 60 million short sale orders totaling more than 14 billion shares. * Nearly eight million of those
dismal-jellyfish ๐Ÿ“ฐ News

Federal Reserve Alert! Governor Lisa Cook: "Your generation has seen two once-in-a-century economic events within two decades. Your economic experiences are different from anyone else's. That insight and understanding will be critical to policymakers."

Lisa Cook: "Your generation has seen two once-in-a-century economic events within two decades. Your economic experiences are different from anyone else's. That insight and understanding will be critical to policymakers. The economics profession needs your perspective" Governor Lisa D. Cook At "Exploring Careers in Economics,
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics