Board of Governors of the Federal Reserve System

key intermediaries. In the extreme, price variations and other adverse...and, on occasion, will confront us with financial crises. But we cannot

key factor restraining hiring plans. Wage growth was modest or moderate...and/or increases in demand for materials due to hurricane rebuilding efforts

price the risk appropriately. Let me now offer a few observations on cost...compared with the cost of building and operating a network. Interestingly

the "Dodd-Frank Act"). For discount window loans extended on or after ...and, for traded assets, the historical volatility of the asset's price

key functions to promote the effective operation of the U.S. economy and...prices in the U.S. economy; ■ promotes the stability of the financial

prices, has also markedly reduced import price inflation and has been ...Key Channels through Which U.S. Monetary Policy Affects Foreign Economies

prices, thereby reducing the values of assets held by many other intermediaries...prices were plummeting with no obvious floor. Runs and panics are the

best when the resulting credit instruments are less complex and opaque...pricing reinforces incentives for originators to perform careful underwriting

comparing two publicly-available sets of information, namely, business...for, and disclosures by, LEI issuers in their monitoring role; and to

best promote the Federal Reserve’s dual mandate of stable prices and maximum...prices. Often the answer to the policy questions in front of us at this