The Central Bank of India is currently celebrating its 115th Foundation Day, with the theme of “Seva Hi Sankalp” for its Foundation Week. As part of these celebrations, the Hyderabad zonal office and regional office of the bank have undertaken a charitable initiative. On Friday, they visited the “Help for Good” old age home, where they donated a refrigerator and a water dispenser.

This gesture is a demonstration of the bank’s commitment to social responsibility and its desire to give back to the community. The donations are intended to improve the living conditions and overall well-being of the senior citizens residing at the old age home. By providing a refrigerator and a water dispenser, the bank aims to enhance the comfort and quality of life of the elderly individuals at the home.

The “Seva Hi Sankalp” theme, which translates to “Service is our Resolve,” reflects the bank’s dedication to serving the community and making a positive impact on the lives of those in need. Through this initiative, the Central Bank of India is reaffirming its commitment to corporate social responsibility and its role as a responsible corporate citizen.

The donation of essential items like a refrigerator and a water dispenser will undoubtedly make a significant difference in the daily lives of the senior citizens at the “Help for Good” old age home. It will enable them to store and access nutritious food and clean drinking water, which are essential for their health and well-being. The bank’s gesture is a testament to its empathy and compassion towards the elderly and its willingness to contribute to their welfare.

The Central Bank of India’s 115th Foundation Day celebrations are an opportunity for the bank to reflect on its legacy and its role in the community. By undertaking initiatives like this, the bank is demonstrating its commitment to giving back to society and making a positive impact on the lives of those around it. The “Seva Hi Sankalp” theme serves as a reminder of the bank’s resolve to serve the community and make a difference in the lives of those in need.

The Central Bank of India celebrated its 115th Foundation Day with a series of events in Hyderabad, focusing on health, unity, and environmental sustainability. A walkathon was organized near Anandnagar, Bandlaguda, Nagole, led by top officials including Dharasing Naik K, MVS Prasad, and DK Baranwal. The event saw enthusiastic participation from employees, highlighting the bank’s emphasis on employee well-being and community engagement.

In addition to the walkathon, the bank undertook a tree plantation drive, planting 115 saplings at Sahbhavana Township and the premises of the Geological Survey of India (GSI). The initiative aimed to promote environmental conservation and sustainable banking practices. The plantation program was attended by dignitaries including Dr. S Ravi, Deputy Director General of GSI, and senior bank officials, who praised the bank’s green initiative.

The events were organized by the Zonal Office Hyderabad and Hyderabad Region, along with staff from all branches. The celebrations reaffirmed the bank’s legacy of 115 years of trusted service, social responsibility, and commitment to sustainable development. The walkathon and tree plantation drive demonstrated the bank’s focus on the well-being of its employees and the community, as well as its dedication to environmental sustainability.

The Central Bank of India’s Foundation Day celebrations showcased the bank’s commitment to giving back to the community and promoting sustainable practices. The events were a testament to the bank’s legacy and its continued efforts to make a positive impact on the environment and society. By organizing such events, the bank aims to inspire its employees and the community to adopt healthy and sustainable lifestyles.

Overall, the Central Bank of India’s 115th Foundation Day celebrations were a success, with the walkathon and tree plantation drive promoting health, unity, and environmental sustainability. The events demonstrated the bank’s commitment to its employees, the community, and the environment, and reaffirmed its legacy as a responsible and sustainable financial institution.

The Federal Reserve Bank of Atlanta has announced that it is searching for a new president to lead the bank. This announcement was made public through various news outlets, including Bloomberg.com. The search for the next president is a significant development, as the Atlanta Fed plays a crucial role in the US economy, particularly in the Sixth District, which comprises Alabama, Florida, Georgia, and parts of Louisiana, Mississippi, and Tennessee.

The Federal Reserve Bank of Atlanta is one of the 12 regional Reserve Banks that make up the Federal Reserve System, the central bank of the United States. The bank’s president will be responsible for leading the organization and contributing to the formulation of US monetary policy. The president will also oversee the bank’s operations, including supervision and regulation of banks, as well as community development and economic research.

The search for the next president is expected to be a thorough and rigorous process, with the goal of finding a highly qualified candidate with a deep understanding of the US economy, monetary policy, and the Federal Reserve System. The candidate will be selected by the bank’s board of directors, which is composed of business and community leaders from the Sixth District.

The new president will face significant challenges, including navigating the US economy through a period of uncertainty and change. The Federal Reserve has been working to combat inflation, which has been rising in recent years, while also supporting economic growth and employment. The next president of the Atlanta Fed will play a critical role in shaping the bank’s response to these challenges and in contributing to the development of US monetary policy.

The search for the next president of the Atlanta Fed is an important development, not only for the bank but also for the US economy as a whole. The new president will have a significant impact on the direction of monetary policy and the overall health of the economy. As the search process unfolds, it will be important to monitor the developments and to consider the qualifications and experience of the candidates who are being considered for the position.

The Federal Reserve Board has unanimously reappointed 11 reserve bank presidents and 11 first vice presidents to new five-year terms, effective March 1. The decision was made earlier than expected, as the terms were set to expire on February 28. The reappointments come amid speculation that the Trump administration would attempt to exert more influence over the Fed’s regional banks. However, the board’s unanimous decision suggests that the Fed is maintaining its independence.

The only regional chief not reappointed was Raphael Bostic, president of the Federal Reserve Bank of Atlanta, who had previously announced his retirement. Ellen Bromagen, first vice president of the Chicago Fed, was also not reappointed due to her retirement. Shonda Clay will take over as first vice president of the Chicago Fed starting March 1.

The reappointment process typically involves an assessment of the president’s and first vice president’s performance, including their engagement with local communities, effectiveness in their roles, and leadership contributions to the broader Fed system. The board of directors of each reserve bank began evaluating their presidents and first vice presidents last December.

The reappointments are significant, as the regional bank presidents play a crucial role in the Fed’s decision-making process. The president of the New York Fed, for example, has a permanent vote on interest-rate decisions, while four other regional Fed presidents rotate onto the Federal Open Market Committee each year. The unanimous reappointment of the regional bank presidents suggests that the Fed is committed to maintaining its independence and stability, despite speculation about potential interference from the Trump administration.

The decision also highlights the importance of the Fed’s regional banks in implementing monetary policy and engaging with local communities. The regional bank presidents are responsible for developing and implementing strategy, and their leadership contributions to the broader Fed system are critical to the central bank’s effectiveness. Overall, the reappointments demonstrate the Fed’s commitment to continuity and stability, and suggest that the central bank will continue to operate independently despite external pressures.

The Federal Reserve System’s board has reappointed all regional Fed bank presidents, despite recent suggestions from the Trump administration that it wanted to make changes to the reappointment process. The move comes after Treasury Secretary Scott Bessent proposed a new rule that would require regional Fed presidents to have lived in their district for at least three years before being appointed. Bessent suggested that the Fed could implement this rule itself, without needing congressional approval.

The reappointment of the regional Fed presidents is significant, as they wield considerable influence over interest rates, along with the seven permanent Fed governors. The Fed’s interest rate-setting committee is composed of governors and the president of the Federal Reserve Bank of New York, as well as four other regional bank presidents who rotate annually.

The Trump administration has been critical of the Fed and its chair, Jerome Powell, and has suggested that it wants to make changes to the central bank’s leadership. National Economic Council Director Kevin Hassett has backed Bessent’s proposal, and Trump has hinted that he may replace Powell as chairman of the central bank in May.

The reappointment of the regional Fed presidents was approved by the Fed’s board of governors, including Powell and other governors appointed by Trump. The move is seen as a significant development, as it suggests that the Fed is pushing back against the Trump administration’s attempts to exert influence over the central bank.

The Trump administration’s efforts to influence the Fed have raised concerns that it may try to stack the deck of regional Fed presidents by blocking some reappointments. However, the Fed’s decision to reappoint all regional Fed presidents suggests that it is committed to maintaining its independence and resisting political pressure.

The reappointment process is typically a mundane one, but this year’s announcement was earlier than expected. The Fed said that the approvals came after a comprehensive review by the boards of directors of the regional Reserve Banks. The move is seen as a significant victory for the Fed, which has been under pressure from the Trump administration to lower interest rates. The Supreme Court will hear oral arguments in January in a case related to the Trump administration’s efforts to fire Fed governor Lisa Cook, which has raised concerns about the administration’s attempts to exert influence over the central bank.

A recent analysis of “silent dissents” at the Federal Reserve has revealed a growing resistance among some policymakers to the aggressive interest rate cuts implemented by Chairman Jerome Powell. Silent dissents refer to instances where a policymaker votes in favor of a decision but expresses reservations or disagreement in the minutes of the meeting. While these dissents are not publicly announced, they can provide valuable insight into the level of consensus among Fed officials.

The analysis, which examined the minutes of Fed meetings from 2019, found that the number of silent dissents has increased significantly over the past year. This surge in dissents suggests that some policymakers are becoming increasingly uncomfortable with the pace and magnitude of the rate cuts. Specifically, the analysis found that 12 out of 17 policymakers had expressed reservations or disagreements with the rate cuts at some point in 2019.

The growing resistance to Powell’s cuts is not surprising, given the strong economic growth and low unemployment rates in the US. Some policymakers may be concerned that the rate cuts are excessive and could lead to inflationary pressures or asset bubbles. Others may be worried that the Fed is compromising its independence by responding to political pressure from the White House.

The silent dissents also reveal a divide within the Fed between doves, who favor easier monetary policy, and hawks, who prefer a more cautious approach. The doves, led by Powell, have been pushing for rate cuts to support the economy and address global economic risks. The hawks, on the other hand, are concerned about the potential risks of easy money and the impact on the Fed’s credibility.

The growing resistance to Powell’s cuts has significant implications for monetary policy and the economy. If the dissents continue to grow, it could lead to a more divided Fed, which could make it more difficult for Powell to implement his policy agenda. Additionally, the dissents could also influence the Fed’s decision-making process, potentially leading to more cautious and gradual policy adjustments in the future.

Overall, the “silent dissents” at the Fed provide a unique window into the internal debates and divisions within the central bank. As the economy continues to evolve, it will be important to monitor these dissents and their potential impact on monetary policy and the economy. With the Fed’s next meeting approaching, investors and policymakers will be closely watching for any signs of a shift in the Fed’s policy stance, and the silent dissents will likely play a significant role in shaping the outcome.

The Central Bank of India, Chandigarh Zone, recently organized a Sports Day event at the Sports Complex in Sector 7, Chandigarh. The event was a huge success, with enthusiastic participation from staff members and their families. The atmosphere was vibrant and energetic, with a variety of sports activities conducted throughout the day. These activities promoted teamwork, fitness, and camaraderie among the participants, and helped to create a sense of community and bonding among the employees and their families.

The event was attended by several senior officials of the bank, including Arvind Kumar, the Zonal Head, TC Meena, the Deputy Zonal Head, and Sandip Kar, the Chief Internal Auditor. Their presence added motivation and encouragement to the participants, and helped to make the event even more special. The active involvement of employees and their families was a key factor in making the event memorable and enjoyable.

The Sports Day event is part of the bank’s efforts to promote employee well-being, team spirit, and a healthy work-life balance. By organizing such events, the bank aims to create a positive and supportive work environment, where employees feel valued and motivated. The event also provided an opportunity for employees to showcase their talents and skills outside of their regular work responsibilities, and to build relationships with their colleagues and their families.

Overall, the Sports Day event was a huge success, and helped to promote a sense of community and camaraderie among the employees and their families. The bank’s efforts to promote employee well-being and team spirit are commendable, and are likely to have a positive impact on the overall performance and productivity of the organization. By prioritizing the well-being and happiness of its employees, the Central Bank of India, Chandigarh Zone, is setting a positive example for other organizations to follow.

The reappointment process of regional Federal Reserve bank presidents, typically a routine and unanimous vote, may be in for a shake-up in February. The Trump administration has been seeking to exert more influence over the Fed’s monetary policy, and the reappointment process has become a potential flashpoint in this power struggle. Expectations are building that the Fed board of governors may not unanimously reappoint the regional presidents, with some predicting multiple dissents, potentially split along political lines.

The reappointment process has historically been described as “opaque” and “pro forma,” with votes almost always being unanimous. However, some experts, such as Aaron Klein, senior fellow at Brookings Institution, predict that this time may be different, with a higher likelihood of dissents from the board of governors. Klein warns that breaking this precedent could create a politically motivated whipsaw of regional presidents, where future boards may seek to remove presidents appointed by previous administrations.

Others, such as Derek Tang, CEO of Monetary Policy Analytics, view a more lively reappointment process as a welcome development, signaling that the decision is being taken seriously by the board. Tang notes that a few “no” votes or abstentions can illustrate that the reappointment process is not merely a rubber-stamping or cursory formality.

The Trump administration has also floated the idea of requiring a three-year residency for regional presidents in the districts they represent, which could potentially set up a confrontation between the central bank and the administration. Some experts, such as David Zaring, associate professor at the University of Pennsylvania, think a residency rule could be reasonable, as it would give regional presidents a deeper understanding of the local economy. However, others, such as Peter Conti-Brown, associate professor of financial regulation at the University of Pennsylvania, express concern about the administration’s motivations, warning that the Fed’s insulation from the personality of the president must be preserved.

The reappointment process of the 12 regional Fed presidents, who serve five-year terms, is set to take place on February 28, 2026. The New York Fed president is a permanent voting member of the Federal Open Market Committee, while the other 11 regional presidents rotate onto the committee every second or third year. The outcome of the reappointment process could have significant implications for the Fed’s monetary policy and its relationship with the White House.

The Central Bank of India (CBI) has announced a recruitment opportunity for Faculty positions at its Social Upliftment and Training Institute (CBI-SUAPS). This is an exciting chance for candidates to establish a career in the public banking sector without having to appear for a written examination. The selection process will be conducted through shortlisting of applications, followed by interviews and document verification, providing a faster and more straightforward path to joining the bank.

Selected candidates will receive a monthly remuneration of ₹30,000, along with other benefits as per bank norms. To be eligible, candidates must meet the educational and professional criteria specified in the official notification, which typically includes relevant academic qualifications and experience in teaching or training. It is essential to review the official CBI notification carefully before applying.

The application process involves submitting the application online before the last date mentioned in the notification, with all supporting documents ready for verification if shortlisted. This opportunity is attractive for several reasons, including direct recruitment without an exam, public sector stability, and a focused role in training, skill development, and social upliftment programs.

Working with the CBI offers job security, career growth, and other allowances typical of public sector banks. The faculty positions are ideal for professionals interested in education and public service. Candidates are advised to check the official notification for application start and end dates, as well as interview schedules, to avoid missing deadlines.

The key highlights of the recruitment include no written exam, a selection process that involves shortlisting, interviews, and document verification, and a salary of ₹30,000 per month. The eligibility and requirements for the position include meeting the educational and professional criteria specified in the official notification. Overall, this is a golden chance for candidates to secure a government bank job without the stress of written tests and to work in a stable and secure public sector environment.

It is essential to note that the views and opinions expressed in the article are those of the author and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. Readers are advised to verify facts and seek professional advice where necessary, and any reliance placed on the information provided is strictly at the reader’s own risk.

The Central Bank of India has announced a significant management change, as reported by TipRanks. The bank’s Board of Directors has appointed a new Managing Director and Chief Executive Officer (MD & CEO) to lead the organization. This change is expected to bring fresh perspectives and strategic direction to the bank, driving its growth and success in the competitive banking industry.

The newly appointed MD & CEO brings extensive experience and expertise in the banking sector, with a proven track record of leadership and achievement. Their appointment is seen as a positive move by the bank, as they are expected to leverage their skills and knowledge to drive business growth, improve operational efficiency, and enhance customer satisfaction.

The change in management is part of the bank’s efforts to strengthen its leadership team and position itself for long-term success. The bank’s Board of Directors has expressed confidence in the new MD & CEO’s ability to lead the organization and drive its vision forward. The appointment is also expected to bring stability and continuity to the bank, as the new leader is well-versed in the bank’s operations and culture.

The Central Bank of India is one of the oldest and largest commercial banks in India, with a rich history and a strong presence in the country. The bank has a wide range of products and services, including personal banking, corporate banking, and investment banking. With a large network of branches and ATMs across the country, the bank serves a diverse customer base, including individuals, businesses, and institutions.

The management change is seen as a positive development for the bank’s stakeholders, including customers, employees, and investors. The new MD & CEO is expected to build on the bank’s strengths and address its challenges, driving growth and profitability in the years to come. The bank’s commitment to innovation, customer satisfaction, and community development is expected to continue under the new leadership, as it strives to maintain its position as a leading player in the Indian banking industry.

Overall, the Central Bank of India’s management change is a significant development that is expected to have a positive impact on the bank’s future prospects. With a new leader at the helm, the bank is poised to navigate the challenges and opportunities of the banking industry, driving growth, innovation, and success in the years to come. As the bank embarks on this new chapter, its stakeholders can expect a renewed focus on customer satisfaction, operational efficiency, and community development, driving long-term value creation and sustainability.

The Central Bank of India’s Delhi Zonal Office hosted a successful Town Hall Meeting on November 21, 2025, which drew enthusiastic participation from over 600 officers and employees from various regions and branches of the Delhi Zone. The meeting was presided over by the Bank’s Managing Director and Chief Executive Officer, Mr. Kalyan Kumar. In his address, Mr. Kumar reflected on the Bank’s legacy and outlined its future vision, emphasizing the importance of digital adoption, operational efficiency, and proactive customer service as key pillars for strengthening performance.

Mr. Kumar urged employees to uphold high performance standards, embrace innovation, and focus on self-development, encouraging them to transform their respective branches and offices into a “Happy Place.” He also appreciated the contributions of the Delhi Zone and stressed the need for collective efforts to sustain momentum in business growth. The Delhi Zonal Head, Mr. Shishram Tundwal, also addressed the gathering, highlighting the zone’s achievements and emphasizing the importance of teamwork.

The Town Hall Meeting provided a platform for employees to engage actively, sharing suggestions, seeking guidance, and reaffirming their commitment to service excellence. The event concluded with a vote of thanks delivered by Deputy General Manager Mr. P. C. Khurana, who expressed gratitude to the MD & CEO for his motivating remarks and appreciated the active involvement of all attendees.

The meeting reaffirmed the dedication of Team Delhi Zone towards contributing meaningfully to the Bank’s mission of becoming a modern, customer-focused, and high-performing public sector institution. The event was a significant milestone in the Bank’s efforts to promote a culture of innovation, customer-centricity, and excellence, and it is expected to have a positive impact on the Bank’s future growth and development.

Overall, the Central Bank of India’s Delhi Town Hall Meeting was a resounding success, with employees demonstrating their enthusiasm and commitment to the Bank’s vision and mission. The event highlighted the importance of teamwork, innovation, and customer service in driving business growth and excellence, and it is expected to have a lasting impact on the Bank’s culture and performance.

The US Federal Reserve’s recent decision to cut interest rates has not had the desired effect on repo rates, which remain high due to tightening liquidity as the year draws to a close. The Fed’s goal in cutting rates was to stimulate economic growth and stabilize the financial system, but the continued high repo rates are hindering these efforts.

Repo rates are the rates at which banks and other financial institutions borrow and lend money to each other on a short-term basis, typically overnight. High repo rates indicate a shortage of liquidity in the financial system, making it more expensive for banks to borrow money and increasing the cost of credit for consumers and businesses.

Despite the Fed’s rate cuts, repo rates have remained elevated, with the overnight repo rate currently standing at around 1.55%. This is significantly higher than the Fed’s target rate of 1.25%, and it is limiting the effectiveness of the Fed’s monetary policy.

The main reason for the high repo rates is the tightening of liquidity in the financial system as the year-end approaches. Many financial institutions are reducing their lending and borrowing activities in order to meet regulatory requirements and prepare for the upcoming year. This reduction in activity is leading to a shortage of liquidity, driving up repo rates and making it more difficult for the Fed to achieve its policy goals.

Another factor contributing to the high repo rates is the decline in the Fed’s balance sheet. The Fed has been reducing its holdings of Treasury securities and other assets, which has reduced the amount of liquidity in the financial system. This decline in liquidity is also contributing to the high repo rates.

The high repo rates are having a number of negative effects on the economy. They are increasing the cost of credit for consumers and businesses, making it more expensive to borrow money and reducing the demand for loans. They are also reducing the effectiveness of the Fed’s monetary policy, making it more difficult for the central bank to stimulate economic growth and stabilize the financial system.

Overall, the high repo rates are a significant challenge for the Fed and the US economy. The central bank will need to consider additional measures to address the shortage of liquidity and reduce repo rates, such as increasing its balance sheet or implementing other policies to stimulate economic growth. Until then, the high repo rates will continue to hinder the Fed’s efforts to stabilize the financial system and promote economic growth.

The Central Bank of India has undergone a valuation adjustment, resulting in a shift from a “very attractive” to an “attractive” valuation grade. This change reflects the bank’s current financial standing within the public sector banking industry. Key financial metrics indicate a strong long-term growth potential, with a price-to-earnings (PE) ratio of 8.04 and a price-to-book value of 0.92. The bank’s return on equity (ROE) is 11.50%, demonstrating its ability to generate profits from its equity base.

Additionally, the bank’s PEG ratio of 0.30 suggests a favorable growth outlook relative to its earnings. The dividend yield is 1.29%, providing a moderate return to investors. The net non-performing assets (NPA) to book value ratio is 3.59%, indicating a manageable level of bad debts. Despite these positive metrics, the bank has faced challenges in the market, underperforming compared to broader market indices over the past year.

However, a closer look at the bank’s long-term performance reveals strong fundamental strength. The bank has achieved a compound annual growth rate (CAGR) of 43.38% in net profits, indicating robust growth potential. This suggests that the bank is well-positioned for long-term success, despite short-term market challenges. Investors may want to consider these metrics when evaluating the bank’s potential for future growth.

Overall, the Central Bank of India’s adjusted valuation grade and strong financial metrics make it an attractive option for investors looking for long-term growth potential. While the bank has faced challenges in the market, its fundamental strength and robust growth prospects make it a promising investment opportunity. With its strong ROE, favorable PEG ratio, and manageable NPA levels, the Central Bank of India is worth considering for investors seeking a stable and growing investment.

According to a report by the Financial Times (FT), the Federal Reserve Bank of New York recently held a meeting with several major banks to discuss the use of a key lending facility. The meeting, which was held in recent days, aimed to reassure banks about the availability of liquidity through the Fed’s Discount Window, a facility that allows banks to borrow money from the central bank in times of need.

The FT reported that the meeting was attended by representatives from several major Wall Street banks, including JPMorgan Chase, Bank of America, and Citigroup, among others. The discussion focused on the Discount Window, which has been relatively underutilized in recent years, as banks have instead turned to other sources of funding, such as wholesale markets.

The meeting suggests that the New York Fed is taking proactive steps to ensure that banks are aware of the availability of the Discount Window and are prepared to use it if needed. This comes amid growing concerns about the health of the global banking system, following a series of high-profile bank failures and market volatility.

The Discount Window is a critical tool for banks to manage their liquidity needs, particularly during times of stress. By borrowing from the Fed, banks can meet their short-term funding needs, such as meeting deposit withdrawals or settling trades. However, the facility has been stigmatized in the past, with some banks hesitant to use it due to concerns about being perceived as weak or troubled.

The New York Fed’s efforts to promote the use of the Discount Window are seen as a way to reduce this stigma and encourage banks to take advantage of the facility if needed. By reassuring banks that the Discount Window is available and that its use will not be stigmatized, the Fed aims to prevent a credit crunch and maintain stability in the financial system.

The meeting is also seen as a sign of the Fed’s commitment to maintaining financial stability, particularly in light of recent market volatility and concerns about the global economy. By engaging with banks and encouraging them to use the Discount Window, the Fed is taking a proactive approach to ensuring that the financial system remains resilient and able to withstand potential shocks. Overall, the meeting highlights the importance of the Discount Window as a key tool for maintaining financial stability and the Fed’s efforts to promote its use.

The reappointment process for the 12 regional Federal Reserve bank presidents is underway, and it’s being closely watched for signs of potential challenges to the central bank’s independence. Typically, the process is routine and results in the reappointment of the regional bank chiefs by a majority of the Fed’s Board of Governors. However, the surprise retirement announcement of Atlanta Fed President Raphael Bostic has cast a spotlight on the process, which comes as President Donald Trump seeks to expand his influence over the Fed.

Trump has been critical of the Fed and its interest rate policies, and has taken steps to increase his sway over the central bank, including trying to fire Fed Governor Lisa Cook. The White House has not commented on Trump’s preferences for the regional Fed bank reappointments, which are due to be completed by February. The reappointment process has historically been a rubber stamp, but a legal opinion from Trump’s first term argues that the Fed’s board has the power to replace regional presidents, potentially allowing for more presidential influence.

The regional Fed bank presidents play a crucial role in setting interest rates and supervising banks, and their independence is seen as essential for maintaining the integrity of the financial system. However, Trump’s efforts to expand his influence over the Fed have raised concerns about the potential erosion of central bank independence. A successful ouster of regional Fed presidents and influence over their successors could lead to a significant change in the way monetary policy is formulated.

The Fed’s unique structure, which includes a board of governors and 12 regional banks, makes it distinct from other independent agencies. While Trump has pushed the boundaries of his authority, the Fed’s independence is backed by research showing that economic outcomes tend to worsen as central bank independence is eroded. The reappointment process for regional Fed bank presidents is underway, and it remains to be seen how Trump will exert his influence over the process.

Analysts believe that all current regional bank presidents will be reappointed in the current round, but the threat of removal will remain. The fact that a spotlight is being cast on this issue is seen as a warning sign that Fed independence is not safe. The reappointment process is expected to be completed before the current terms end in February, and it will be closely watched for signs of potential challenges to the central bank’s independence.

In recent decades, the reappointment of regional Fed bank presidents has been unanimously approved by the Fed’s Board of Governors. However, with Trump appointing more board members, including Governor Stephen Miran, who is expected to return to the White House in 2026, the pressure to exert influence over the Fed could build. The dozen Fed regional presidents are a diverse group, including former executives, economists, and former officials from Republican and Democratic administrations. Their independence is seen as essential for maintaining the integrity of the financial system, and any attempts to undermine their independence could have significant consequences for the economy.

The Central Bank of India has announced a recruitment drive for various posts, including Faculty, Attender, and Watchman cum Gardener. Interested and eligible candidates can apply for these positions offline through the official Central Bank of India website. The application process is open until November 30, 2025.

Eligibility Criteria:

• Attender/Sub Staff: Candidates must have passed the 10th standard and be able to read and write the local language.
• Faculty: Candidates must be graduates or post-graduates, with a preference given to those with degrees in MSW, MA in Rural Development, MA in Sociology, Psychology, or B.Sc. (Agri.).
• Watchman cum Gardener: Candidates must have passed the 7th standard, with a preference given to those with experience in agriculture, gardening, or horticulture.

Age Limit:

• Attender/Sub Staff: 18-35 years
• Faculty and Watchman cum Gardener: 22-40 years
• Age relaxation is applicable as per rules.

Application Fee:

There is no application fee prescribed for this recruitment drive.

Selection Process:

The selection process will consist of a personal interview, and the decision of the Society/Trust will be final.

How to Apply:

Eligible candidates must submit their applications in the specified format to the Regional Manager/Chairman, Local Advisory Committee, Central Bank of India, Regional Office, Muzaffarpur. The application must be addressed to the respective posts, and the last date for receipt of application is November 30, 2025.

Important Dates:

• Last Date for Application: November 30, 2025

Frequently Asked Questions:

1. What is the last date to apply for Central Bank of India Faculty, Attender, and Other Recruitment 2025?
   Answer: November 30, 2025.
2. What is the eligibility to apply for Central Bank of India Faculty, Attender, and Other Recruitment 2025?
   Answer: Any Graduate, 10th, 7th.
3. What is the maximum age limit to apply for Central Bank of India Faculty, Attender, and Other Recruitment 2025?
   Answer: 40 Years.

The recruitment drive is open for candidates from various locations, including Bihar, Bhagalpur, Muzaffarpur, Patna, Purbi Champaran, and Begusarai. Candidates can apply for these positions to start their career with the Central Bank of India.

Analysts are warning of a potential global credit crunch, citing recent actions by the US Federal Reserve as a “canary in the coalmine” indicating growing financial stresses. On October 31, the Fed injected $77 billion into the US financial system through repurchase agreements, also known as “repos”, to provide short-term loans to banks. This was the highest-ever use of the Fed’s Standing Repo Facility since its introduction in 2021. The move has raised concerns about the health of the US banking system, with some analysts suggesting that the Fed’s actions may be a sign of a looming credit crunch.

The Fed’s recent decision to end quantitative tightening, which involves selling bonds to reduce its holdings and effectively sucking money out of the economy, has also raised questions about the state of the global financial system. The US government’s sale of bonds to fund its budget deficit has put pressure on global money markets, and analysts say that the Fed’s decision to end quantitative tightening may have come too late.

Key gauges of secured borrowing, such as the Secured Overnight Financing Rate (SOFR), have risen in the US and UK, reaching levels not seen in years. The SOFR is the interest rate on the central bank’s repurchase agreements, and a higher rate indicates greater fear in the money markets of a credit crunch. Analysts say that the signs of tighter liquidity are flashing across markets, and that the Fed’s recent actions may be a sign of a broader problem.

The Reserve Bank of Australia’s governor, Michele Bullock, has played down the risk of a credit crunch, saying that the Fed’s actions are aimed at preventing such an event. However, some analysts are more cautious, warning that the Fed’s decision to inject cash into the system may be a sign of a more significant issue. The New York Federal Reserve, which is considered the banker to Wall Street, has provided significant amounts of cash to the market in recent days, including a $22 billion injection on Monday.

The situation is being closely watched by analysts and policymakers, who are concerned about the potential for a credit crunch to spread globally. The global financial system is highly interconnected, and a credit crunch in one market can have far-reaching consequences. The Reserve Bank of Australia has said that disorderly markets pose a threat to Australia’s financial stability, and will likely be monitoring developments in the US money markets closely.

Overall, while the situation is still unfolding, the signs of a potential credit crunch are clear. The Fed’s recent actions, combined with rising funding rates and signs of tighter liquidity, suggest that the global financial system may be facing a significant challenge. As one analyst noted, “the question is whether this is another canary in the coalmine,” and policymakers and investors will be watching closely to see how the situation develops.

Federal Reserve Governor Michelle Bowman plans to reduce the bank-supervision unit by approximately 30%, as revealed in an email. This decision is part of a broader effort to reorganize and streamline the Fed’s supervisory operations. The move aims to improve efficiency and focus on high-priority areas, such as financial stability and consumer protection.

The bank-supervision unit is responsible for overseeing and regulating banks, thrifts, and other financial institutions to ensure their safety and soundness, as well as compliance with regulations. The unit’s reduction is expected to affect various aspects of bank supervision, including on-site exams, enforcement actions, and policy development.

The planned 30% cut is significant, and it may raise concerns about the Fed’s ability to effectively supervise and regulate the banking sector. Some critics argue that reducing the supervision unit’s resources could compromise the Fed’s ability to identify and address potential risks to financial stability. Others, however, see the move as an opportunity to modernize and improve the supervision process, eliminating unnecessary or redundant functions.

Bowman’s email suggests that the reduction will be achieved through a combination of attrition, retirements, and reassignments. The Fed plans to retain staff with critical skills and expertise, while streamlining processes and leveraging technology to enhance supervision efficiency. The goal is to create a more agile and effective supervision unit, better equipped to address emerging risks and challenges in the banking sector.

The reduction in the bank-supervision unit is part of a larger effort by the Fed to reassess its priorities and allocate resources more effectively. The central bank is seeking to balance its supervisory responsibilities with other critical functions, such as monetary policy and financial stability. By streamlining its supervision operations, the Fed aims to enhance its overall effectiveness and better support the stability and resilience of the US financial system.

The planned reduction in the bank-supervision unit has sparked debate among industry experts and policymakers. While some see it as a necessary step to improve efficiency and focus on high-priority areas, others are concerned about potential risks to financial stability. As the Fed moves forward with its plans, it will be important to monitor the impact of the reduction on the supervision unit’s effectiveness and the overall stability of the banking sector.

Kalyan Kumar, the Managing Director and Chief Executive Officer of Central Bank of India, recently visited Hyderabad on October 29 and 30. This was his first visit to the city since assuming office on September 30. During his trip, Kumar participated in a Corporate Customer Meet organized by the Hyderabad Zone, where he was joined by senior officials, including Zonal Head Dharasing Naik and General Managers Vasti Venkatesh and Sanju Manglurkar.

The event attracted significant attention from prominent corporates and export industry representatives, who engaged in discussions with Kumar and the other officials. Kumar emphasized the bank’s renewed focus on corporate lending as a key driver of sustained growth and stable income. He met with clients from various sectors, including NBFC, manufacturing, EPC, infrastructure, realty, pharmaceutical, and agri sectors, to understand their financial requirements and explore opportunities for enhanced collaboration.

Kumar assured the clients that the bank would provide timely support for working capital and project funding, encouraging the Hyderabad Zonal Office to strengthen existing relationships and forge new ones. He highlighted the region’s strong business potential and expressed confidence in achieving significant growth in corporate advances in the coming quarters. This, he believes, will contribute to the bank’s commitment to India’s economic progress and overall business expansion across retail, agriculture, and MSME segments.

The visit marked an important milestone in Kumar’s tenure as CEO, as he seeks to drive growth and strengthen the bank’s position in the corporate lending space. By engaging with clients and understanding their needs, Kumar aims to leverage the bank’s capabilities to support the growth of businesses in the region and contribute to the country’s economic development. Overall, the visit was seen as a positive step towards reinforcing the bank’s commitment to its customers and the broader economy.

The Federal Reserve has announced plans to reduce its bank supervision staff by 30% over the next few years. This move is part of a broader effort to reorganize and streamline the central bank’s regulatory operations. The reduction in staff will primarily affect the Fed’s Division of Banking Supervision and Regulation, which is responsible for overseeing and regulating banks and other financial institutions.

The Fed’s decision to downsize its supervision staff is driven by several factors. One reason is the significant improvement in the financial health of banks since the 2008 financial crisis. Banks have built up their capital buffers and strengthened their risk management practices, reducing the need for intense regulatory scrutiny. Additionally, advances in technology have enabled the Fed to automate many routine supervisory tasks, allowing it to conduct more efficient and effective oversight with fewer staff.

The reduction in staff will not compromise the Fed’s ability to ensure the safety and soundness of the financial system. The central bank will continue to maintain a robust supervisory framework, with a focus on high-risk areas such as consumer protection, cybersecurity, and financial stability. The Fed will also continue to conduct regular exams and inspections of banks, as well as monitor their compliance with regulatory requirements.

The Fed’s decision to reduce its supervision staff is also part of a broader trend towards more efficient and effective regulation. The central bank has been working to simplify and streamline its regulatory framework, eliminating unnecessary requirements and reducing regulatory burdens on banks. This effort aims to promote economic growth and innovation, while maintaining the stability of the financial system.

The impact of the staff reduction on the Fed’s operations is expected to be minimal. The central bank has already begun to reassign staff to other areas, such as monetary policy and research, where their skills and expertise can be better utilized. The Fed has also implemented measures to ensure a smooth transition, including providing training and support to affected staff.

Overall, the Federal Reserve’s decision to reduce its bank supervision staff by 30% reflects its confidence in the resilience and stability of the financial system. By streamlining its regulatory operations and leveraging technology, the Fed can maintain its effectiveness while reducing costs and promoting economic growth. As the financial system continues to evolve, the Fed will remain vigilant and adapt its supervisory approach to address emerging risks and challenges.

The Federal Reserve has cut its main interest rate by a quarter point to a range of 3.75% to 4%, marking the second rate reduction this year. The decision was made after a two-day meeting, with Fed Chair Jerome Powell warning of “strongly differing views” on how to proceed with rates in the future. Two members, Stephen I. Miran and Jeffrey R. Schmid, dissented from the decision, with Miran advocating for a half-point cut and Schmid advocating for no change.

The rate cut comes as the Fed navigates a delicate balance between reducing inflation and achieving maximum employment. Inflation rose less than expected in September, but still remains above the Fed’s 2% target, while job gains have slowed significantly. Powell noted that the risks are to the upside for inflation and to the downside for employment, making it challenging for the Fed to address both issues simultaneously.

The Fed’s median projection released in September forecast two further quarter-point cuts in 2025, but differing views among committee members have thrown a potential December cut into question. Powell emphasized that a further reduction in the policy rate at the December meeting is “not a foregone conclusion” and that the Fed will carefully consider the data before making a decision.

Traders currently see approximately 66% odds of a quarter-point cut in December, according to the FedWatch tool. Powell also highlighted other complications for the Fed, including uncertainty regarding tariffs, the potential impact of artificial intelligence investment, and the government shutdown, which has left the central bank without key data.

The Fed is taking a cautious approach, with Powell noting that “what do you do when you’re driving in a fog? You slow down.” The central bank is also monitoring the potential impact of AI on the economy and labor market, with Powell acknowledging that it could have implications for job creation. However, he noted that the initial claims data does not yet show a significant impact, and that investments in AI are driven by longer-term assessments of the technology’s potential to drive higher productivity. Overall, the Fed’s decision reflects its ongoing efforts to balance its dual mandate and navigate a complex economic landscape.

The Central Bank of India, a leading public sector bank, offers various fixed deposit (FD) schemes with competitive interest rates and features. The bank’s interest rates range from 3.50% to 6.50% for regular fixed deposits, with senior citizens receiving an additional 0.50% interest. However, the bank also offers three unique FD schemes that provide higher returns than regular FDs. These schemes are designed to cater to the diverse needs of customers and offer benefits such as higher interest rates, flexible tenures, and premature withdrawal options.

The three unique FD schemes offered by the Central Bank of India are:

1. Cent Super Callable Time Deposit (444 days): This scheme has a minimum investment amount of ₹10,000 and a maximum amount of ₹10 crore. It offers 6.50% interest for general citizens and 7% for senior citizens. The scheme allows free mature withdrawals and can be opened both online and offline.
2. Cent Super Time Deposit (555 days): This scheme also has a minimum investment amount of ₹10,000 and a maximum amount of ₹10 crore. It offers 6.50% interest for general citizens and 7% for senior citizens. The scheme allows premature withdrawal and online account opening.
3. Cent Green Time Deposit Scheme: This scheme offers three tenure options: 1111 days, 2222 days, and 3333 days. For the 1111-day FD, the bank offers 6.50% interest for general citizens and 7% for senior citizens. For the 2222-day and 3333-day FDs, the bank offers 6.75% interest for general citizens and 7.25% for senior citizens.

These unique FD schemes offer higher interest rates than regular FDs, making them attractive options for customers looking to invest their savings. Additionally, the schemes offer flexible tenures and premature withdrawal options, providing customers with greater control over their investments. Overall, the Central Bank of India’s FD schemes are designed to cater to the diverse needs of customers and provide competitive returns on their investments.

The Federal Reserve has cut interest rates for the second time in a row, reducing its benchmark rate to a range of 3.75% to 4.00%. The decision was made despite the ongoing government shutdown, which has left policymakers without key data to guide monetary policy. The central bank’s move was not unanimous, with two members dissenting from the decision. President Trump’s newly appointed governor, Stephen Miran, wanted to cut rates by half a percentage point, while Kansas City Fed president Jeff Schmid favored holding rates steady.

The Fed’s decision to cut rates was influenced by concerns about the economic outlook, including renewed trade tensions with China and the potential impact of tariffs on the labor market. However, the central bank also acknowledged that inflation remains above its 2% target, and that the job market has slowed down this year. The unemployment rate has edged up, but remains low.

The government shutdown has made it difficult for policymakers to assess the state of the economy, with key data such as the September jobs report and October inflation data still unpublished. The Fed’s statement acknowledged the challenges posed by the shutdown, saying that its assessment of the economy is based on “available indicators” and that it will “continue to monitor the implications of incoming information for the economic outlook.”

The Fed also announced that it will stop shrinking its balance sheet on December 1, which is a change in language that follows Fed Chair Jerome Powell’s comments earlier this month. The central bank’s long-stated plan is to stop the balance sheet runoff when reserves at the Fed are somewhat above the level it judges as “ample.”

In a press conference following the meeting, Powell emphasized that another rate cut at the Fed’s December meeting is “not a foregone conclusion.” He noted that the benchmark rate is now 150 basis points “closer to neutral” than it was a year ago, and that there is a growing chorus of voices suggesting that the Fed should wait before cutting rates again. Markets reacted to Powell’s cautionary tone, with the odds of a December rate cut falling from 87% to 56%.

The Fed’s challenge is that inflation remains sticky, hovering above its 2% target, while the job market has slowed down. The central bank’s decision to ease monetary policy again follows months of pressure from President Trump to bring rates down. The president and his White House allies have repeatedly accused Powell of being “too late” to cut rates. The Fed’s next move will be closely watched, as it navigates the challenges posed by the government shutdown and the uncertain economic outlook.

The US Federal Reserve is expected to announce an interest rate cut on Wednesday, with a nearly 100% probability of a 25 basis point reduction. The federal funds rate is currently targeted between 4%-4.25%, and the cut would be the second consecutive quarter percentage point reduction. However, the Fed’s future path of reductions, challenges posed by a lack of economic data, and the timetable for ending the reduction in its asset portfolio of Treasurys and mortgage-backed securities are presenting substantial challenges to policymaking.

There is a growing divergence of opinion among Fed policymakers on the future of monetary policy, with some advocating for a bigger cut and others expressing reluctance to go further. Newly appointed Governor Stephen Miran is likely to dissent in favor of a bigger cut, while regional Presidents Beth Hammack, Lorie Logan, and Jeffrey Schmid have expressed reluctance to go much further on cuts. Chair Jerome Powell is expected to try to straddle the difference and provide guidance on the prevailing sentiment.

The labor market is a major concern for the Fed, with worries over jobs potentially keeping the Fed cutting well into 2026. The annual inflation rate remains above the central bank’s 2% target, but the lack of economic data due to the government shutdown is posing a challenge to policymaking. The Fed is also facing a data blackout, with the only official data release during the shutdown being the consumer price index report, which showed an annual inflation rate of 3% in September.

The Fed’s dual mandate to maximize employment and keep prices stable is being hindered by the lack of data, making it hard to make policy decisions. The market is expecting the Fed to announce an end to its quantitative tightening program, which has entailed allowing proceeds from maturing securities to roll off rather than being reinvested. The Fed’s overnight funding facility is nearly drained, and officials are likely to signal that the program is in its final stages.

Overall, the Fed’s policy meeting is expected to be challenging, with a range of issues to be addressed, including the future path of reductions, the labor market, inflation, and the quantitative tightening program. The market is eagerly awaiting the Fed’s announcement and guidance on the prevailing sentiment, and Chair Powell’s speech is expected to provide valuable insights into the Fed’s thinking.

The Central Bank of India has announced a significant increase in its net profit for the quarter ended September 30, 2025. The bank’s net profit rose by 32.86% to Rs. 1,213 crore, indicating a substantial improvement in its financial performance. This growth can be attributed to the bank’s total business, which increased by 14.43% year-on-year to Rs. 7.38 lakh crore.

The bank’s deposits and advances also showed impressive growth, with deposits rising by 13.40% to Rs. 4.44 lakh crore and advances increasing by 16.03% to Rs. 2.93 lakh crore. The bank’s asset quality has improved, with the Gross Non-Performing Asset (NPA) ratio standing at 3.01% and the Net NPA ratio at 0.48%. The Capital to Risk-Weighted Assets Ratio (CRAR) was reported at 17.34%, and the Return on Assets (ROA) improved to 1.01%.

The bank’s strong performance can be attributed to its focus on strengthening its retail, agriculture, and MSME portfolios. The bank has expanded its national reach through over 21,000 touch points, indicating its commitment to increasing its presence across the country. The improvement in the bank’s asset quality and profitability is a positive sign, and the bank’s efforts to expand its business and improve its services are likely to continue to drive growth in the future.

Overall, the Central Bank of India’s financial performance for the quarter ended September 30, 2025, is a testament to the bank’s strong fundamentals and its ability to navigate the challenges of the banking sector. The bank’s focus on retail, agriculture, and MSME lending, as well as its efforts to expand its national reach, are likely to continue to drive growth and improve its financial performance in the coming quarters. With its improved asset quality and profitability, the Central Bank of India is well-positioned to capitalize on opportunities in the banking sector and continue to deliver strong financial performance.

The Indian rupee has been facing significant pressure in recent times, prompting the country’s central bank to step up its defense of the currency in the offshore foreign exchange market. The rupee has been hovering near its record low against the US dollar, with some reports indicating that it has even plumbed new lows.

According to reports, the rupee rose by 2 paise to 88.75 against the US dollar in early trade, but this gain was short-lived as it ended lower amid negative cues from equities. The central bank’s defense of the rupee has been ongoing, with the bank selling dollars in the offshore market to prevent the rupee from depreciating further.

The rupee’s decline has been attributed to various factors, including a strong US dollar, rising crude oil prices, and a decline in investor sentiment. The Indian economy has also been facing challenges, including a slowdown in growth and a widening trade deficit.

Despite the central bank’s efforts to defend the rupee, the currency has continued to weaken, with some reports indicating that it has reached a new low of 88.80 against the US dollar. This has raised concerns about the impact of a weak rupee on the Indian economy, including higher import costs and inflation.

The central bank’s decision to step up its defense of the rupee in the offshore market is seen as a move to prevent the currency from depreciating further and to stabilize the foreign exchange market. The bank has been using various tools, including selling dollars and intervening in the forward market, to support the rupee.

Overall, the Indian rupee remains under pressure, and the central bank’s efforts to defend it are ongoing. The currency’s weakness has significant implications for the Indian economy, and the central bank’s actions will be closely watched in the coming days. With the rupee hovering near its record low, the central bank’s defense of the currency will be crucial in determining its future trajectory. The bank’s ability to stabilize the rupee and prevent further depreciation will be key to maintaining investor confidence and supporting the Indian economy.

A ‘Cyber Vigilance Workshop and Drawing Competition’ was recently hosted by a school in partnership with the Central Bank of India’s Regional Office in Shimla. The primary goal of this initiative was to educate students about the importance of digital safety and how to protect themselves from online threats. Led by Uttam Chand, Chief Manager of Vigilance, the workshop provided students with crucial knowledge on identifying and protecting themselves from phishing and fraud.

The interactive session aimed to empower students to become more responsible and cautious digital citizens. In addition to the workshop, a drawing competition was also held, which was attended by Principal Vinita Sood and senior bank officials. The principal expressed her delight at partnering with the Central Bank of India, stating that the event provided students with vital lessons on cyber safety. She emphasized the importance of empowering youth with such knowledge for a safer future.

Representatives from the Central Bank of India, including Nishant Basra and Mohit Sharma, also attended the event and underscored the bank’s commitment to community welfare and education beyond traditional banking services. They highlighted the bank’s dedication to promoting digital safety and financial literacy among students. The officials from the Central Bank of India extended their gratitude to the school for their cooperation and support in making the event a success.

The partnership between the school and the Central Bank of India demonstrates a collaborative effort to promote digital safety and financial literacy among students. By hosting such events, the school and the bank aim to empower students with the knowledge and skills necessary to navigate the digital world safely and responsibly. The event served as a valuable opportunity for students to learn about cyber safety and its importance in today’s digital age. Overall, the ‘Cyber Vigilance Workshop and Drawing Competition’ was a successful event that promoted digital safety and responsible digital citizenship among students.

VinFast Auto India, a subsidiary of the global EV brand VinFast, has partnered with Central Bank of India (CBI) to provide retail car financing solutions to customers across India. The Memorandum of Understanding (MoU) was signed between the two companies, aiming to offer a seamless suite of credit solutions to make electric vehicle (EV) ownership more accessible and convenient for Indian consumers.

Under the agreement, customers will enjoy tailored financing solutions, including attractive interest rates, flexible repayment options, and zero processing charges. Dedicated CBI representatives will be available at all VinFast showrooms to provide on-site support. This partnership will enable VinFast to extend its reach into both urban centers and emerging markets, leveraging CBI’s vast network of 4,552 branches and over 21,000 touchpoints nationwide.

The partnership aligns with VinFast’s mission to accelerate the adoption of sustainable mobility solutions in India, one of the fastest-growing EV markets globally. VinFast aims to simplify the path to electric mobility for Indian consumers through competitive financing options and seamless support. The company has recently inaugurated its EV assembly plant in Tamil Nadu, marking a significant milestone in its long-term growth strategy.

VinFast’s CEO, Pham Sanh Chau, stated that the collaboration with CBI is a significant step in building a strong foundation for VinFast’s growth in India. CBI’s Executive Director, Vivek Wahi, emphasized the bank’s commitment to environmental-friendly clean energy initiatives, with a green portfolio of Rs. 4,200 crore as of June 2025. The alliance is expected to contribute to India’s Net Zero Emission vision and expand the adoption of eco-friendly electric cars.

As VinFast launches its VF 6 and VF 7 models, this agreement highlights the company’s ongoing efforts to establish a strong and customer-focused footprint in India. With its product lineup of electric SUVs, e-scooters, and e-buses, VinFast is poised to make EVs accessible to everyone. The company is currently expanding its distribution and dealership network globally, with a focus on key markets across North America, Europe, and Asia.

Federal Reserve Bank of Dallas President Lorie Logan has suggested that the central bank modernize its approach to managing money market conditions. Logan proposes that the Fed shift its focus from targeting the federal funds lending market to managing liquidity to control the tri-party general collateral rate (TGCR). This change is technical and does not have implications for monetary policy broadly speaking. Logan believes that targeting the TGCR is the best option because it is a vibrant and active market, and the Fed’s existing tools already provide effective control of the rate.

The current system, which targets the federal funds rate, has become fragile and could break suddenly. The Fed’s balance sheet reduction and upcoming liquidity tightening at the end of the month may cause unexpected turbulence in money markets. Logan argues that the Fed should take this risk off the table by targeting the TGCR. This approach would allow for some movement in the rate and would not require pinpoint control.

Logan also rejects the idea of targeting the Fed’s administered rates, which guide the federal funds rate, as they will always be exactly what the Fed wants them to be, regardless of market conditions. She also notes that managing a rate based on a constellation of other money market rates is problematic. Instead, targeting the TGCR would provide a more effective and efficient way to achieve the Fed’s monetary policy objectives.

The proposed change is driven by the evolving nature of money market conditions, which are likely to force a shift at some point. Logan believes that it would be better to be ahead of the curve rather than being forced into action. She suggests that the best time for a change would be when markets are functioning smoothly and market participants can have plenty of advance notice. Overall, Logan’s proposal aims to improve the Fed’s ability to manage money market conditions and achieve its monetary policy objectives.

According to a recent report by Reuters, Logan, a key figure at the Federal Reserve, has expressed the need for a significant overhaul of the central bank’s toolkit for controlling interest rates. This statement comes at a time when the Fed is navigating a complex economic landscape, marked by high inflation and a slowing economy.

The current toolkit, which has been in place for several decades, relies heavily on traditional monetary policy instruments such as federal funds rate targeting and quantitative easing. However, Logan argues that these tools are no longer sufficient to effectively manage the economy, particularly in times of crisis.

Logan’s call for an overhaul is based on the idea that the current system is too rigid and inflexible, making it difficult for the Fed to respond quickly and effectively to changing economic conditions. He suggests that the Fed needs to develop new and more innovative tools to better manage interest rates and stabilize the financial system.

Some of the potential new tools that Logan has suggested include the use of digital currencies, such as central bank digital currencies (CBDCs), and the development of new monetary policy frameworks that take into account the unique characteristics of the digital economy. He also emphasizes the need for greater collaboration and coordination between central banks and other financial regulatory agencies to ensure a more cohesive and effective response to economic challenges.

The implications of Logan’s proposal are significant, as it could potentially lead to a fundamental shift in the way that central banks operate and interact with the financial system. If implemented, it could provide the Fed with greater flexibility and agility in responding to economic crises, and potentially help to reduce the risk of future financial instability.

However, the proposal is not without its challenges and controversies. Some critics argue that the development of new tools and frameworks could be complex and time-consuming, and may require significant investments in infrastructure and personnel. Others have raised concerns about the potential risks and unintended consequences of introducing new and untested monetary policy instruments.

Overall, Logan’s call for an overhaul of the Fed’s rate control toolkit reflects a growing recognition that the current system is in need of reform and modernization. As the global economy continues to evolve and become increasingly complex, it is likely that central banks will need to adapt and innovate in order to remain effective and relevant.

Federal Reserve Chair Jerome Powell stated that the central bank is facing a challenging situation due to the risk of faster-than-expected inflation and weak job growth. In a speech to the Greater Providence Chamber of Commerce, Powell noted that there are dangers to both cutting interest rates too quickly, which could lead to a new surge of inflation, and reducing rates too slowly, which could cause unemployment to rise unnecessarily. The current interest rate, ranging from 4% to 4.25%, is considered high enough to mitigate price pressures in the economy, but Powell emphasized that the Fed’s policy is not on a preset course and is prepared to respond to potential economic developments.

Powell’s comments come amid strong opinions from regional Reserve Bank presidents and Fed governors, with some calling for caution in further cuts due to concerns about inflation, while others warn that policy is too tight and more cuts are needed to protect the job market. The Fed policymakers anticipate quarter-point reductions at the October and December meetings, and investors expect these cuts to be implemented. However, Powell cautioned that easing too aggressively could lead to unfinished work on inflation, while maintaining restrictive policy too long could cause unnecessary softening of the labor market.

The job market is a concern, with recent job growth averaging around 25,000 for the past three months, which is below the rate needed to hold the unemployment rate constant. However, other job indicators are broadly stable. Inflation remains somewhat elevated, driven by tariffs, but Powell expects this impact to fade over time. The Fed’s goal is to ensure that this one-time increase in prices does not become an ongoing inflation problem.

Powell’s speech also addressed the intense pressure from the Trump administration to cut rates, with the president attempting to fire Governor Lisa Cook and challenging the wisdom of Fed emergency programs during the pandemic and the 2007-2009 economic crisis. Powell defended the Fed’s actions, stating that they likely helped the economy avoid worse outcomes. He also emphasized the importance of public trust in economic and political institutions, which has been challenged by the recent crises. Despite these challenges, Powell noted that the US economy has performed well compared to other large, advanced economies around the world.

The Federal Reserve, the central bank of the United States, has decided to continue its easing path, lowering interest rates to stimulate economic growth. This decision comes as other major central banks, such as the European Central Bank and the Bank of Japan, have chosen to keep their monetary policies unchanged.

The Federal Reserve’s decision to ease monetary policy is a response to the ongoing economic uncertainty and the impact of the COVID-19 pandemic on the global economy. By lowering interest rates, the Fed aims to encourage borrowing, spending, and investment, which can help to boost economic growth and reduce unemployment.

In contrast, other major central banks have taken a more cautious approach, choosing to keep their monetary policies on hold. The European Central Bank, for example, has kept its interest rates unchanged, citing concerns about inflation and the need to maintain price stability. The Bank of Japan has also kept its monetary policy unchanged, despite the country’s ongoing economic struggles.

The diverging approaches of the major central banks reflect the different economic conditions and challenges facing each region. The United States is experiencing a relatively strong economic recovery, with low unemployment and steady growth. In contrast, the Eurozone is facing a more sluggish recovery, with high unemployment and low inflation. Japan is struggling with deflation and low economic growth.

The Federal Reserve’s easing path is likely to have significant implications for the global economy. Lower interest rates in the United States can lead to a stronger dollar, which can make exports more expensive for other countries. This can have a negative impact on the economies of countries that rely heavily on exports, such as China and Germany.

Furthermore, the Federal Reserve’s decision to ease monetary policy can also lead to increased investment in emerging markets, as investors seek higher returns in countries with faster-growing economies. This can lead to increased economic growth and development in these countries, but also increases the risk of economic instability and volatility.

Overall, the Federal Reserve’s decision to continue its easing path, while other major central banks remain on hold, reflects the complex and uncertain state of the global economy. As the economy continues to evolve, it is likely that central banks will need to adapt their monetary policies to respond to changing economic conditions and challenges.

The US Senate has confirmed Christopher Waller, a former Trump administration adviser, to a top role at the Federal Reserve. Waller, who served as the executive vice president and director of research at the Federal Reserve Bank of St. Louis, was nominated by President Trump in January 2019. His confirmation was met with bipartisan support, with a vote of 85-5 in favor of his appointment.

As a member of the Federal Reserve Board of Governors, Waller will play a key role in shaping the country’s monetary policy. The Federal Reserve, also known as the “Fed,” is responsible for setting interest rates, regulating banks, and maintaining the stability of the financial system. Waller’s term will last for 14 years, making him a long-term influencer of the nation’s economic policy.

Waller’s background and experience make him a strong candidate for the role. He has a Ph.D. in economics from the University of Washington and has taught at several universities, including the University of Kentucky and the University of Notre Dame. He has also worked at the Federal Reserve Bank of St. Louis, where he conducted research on monetary policy and the economy.

During his confirmation hearing, Waller emphasized the importance of maintaining the independence of the Federal Reserve and ensuring that monetary policy decisions are based on data and analysis, rather than politics. He also expressed his commitment to supporting the Fed’s dual mandate of maximum employment and price stability.

Waller’s confirmation comes at a critical time for the US economy, which is facing challenges such as slow growth, low inflation, and rising debt levels. The Federal Reserve has been taking steps to address these issues, including cutting interest rates and implementing other measures to stimulate economic growth.

Waller’s appointment is seen as a positive development by many economists and market watchers, who believe that his expertise and experience will be valuable assets to the Federal Reserve. His confirmation also reflects the bipartisan support for the Fed’s independence and the importance of having highly qualified individuals in key roles at the central bank.

Overall, the confirmation of Christopher Waller to the Federal Reserve Board of Governors is a significant development that is expected to have a lasting impact on the nation’s economic policy. With his strong background and experience, Waller is well-positioned to make important contributions to the Fed’s decision-making process and help shape the future of the US economy.

This week is expected to be significant for the US economy, with several key events and releases scheduled. The Federal Reserve is set to make an interest rate decision on Wednesday, which could potentially be the first rate cut of the year. Investors are anticipating this decision, and the subsequent remarks from Fed Chair Jerome Powell, as they will provide insight into the central bank’s views on the economy and monetary policy.

The interest rate decision comes at a time when the labor market is showing signs of weakening, but inflation remains elevated. Recent job reports have indicated a slowing labor market, with increasing layoffs, while consumer spending has remained relatively strong despite tariffs. The US retail sales data for August, to be released on Tuesday, will provide further insight into the state of consumer spending.

In addition to the Fed’s decision, several companies are scheduled to report earnings, including FedEx, General Mills, and Bullish. Meta CEO Mark Zuckerberg will also deliver a keynote at the company’s annual Meta Connect event, where he is expected to focus on product offerings such as AI glasses.

Other key economic releases this week include data on August housing starts, initial jobless claims, and the Philadelphia Fed manufacturing survey. These releases will provide further insight into the state of the US economy and could potentially impact market movements.

Investors will be closely watching these events and releases, as they will provide important signals about the direction of the economy and the potential for future interest rate changes. The Fed’s decision and Powell’s remarks are particularly significant, as they will provide insight into the central bank’s views on inflation, employment, and economic growth.

Overall, this week is expected to be a significant one for the US economy, with several key events and releases scheduled. Investors will be closely watching these events, as they will provide important signals about the direction of the economy and the potential for future interest rate changes. The Fed’s decision and Powell’s remarks are particularly significant, and could potentially impact market movements.