Items tagged with banking:
News & Updates:
Professor Peter Conti-Brown discusses the recent appointment of Elizabeth Duke as the Chairman of the scandal-ridden bank’s board. She was formerly a Federal Reserve governor.
“She is a superb choice for a troubled institution in need of steady, principled, and pragmatic leadership.”
Faculty Affiliate Kevin Werbach comments for Philly.com on Bitcoin’s rapid rise this summer and its prevalence in Philadelphia.
“The magnitude of the rise this year has been a speculative bubble which will in time deflate but how fast and how far we don’t know.”
President Trump’s stunning election victory last November breathed new life into the “Audit the Fed” movement. He promised supporters along the campaign trail to increase transparency over monetary policy decisions made by the Federal Reserve.
We live in an age in which terrorism takes a broad range of forms from rudimentary Molotov cocktails and home-made bombs to cyber hacking. As technologic capabilities soar, terrorism includes a wider variety of threats, and the U.S. government must add and adapt policy to address the ever-broadening term “terror.”
It turns out, most people don’t know and that could be a problem. Faculty Affiliate Peter Conti-Brown is worried about this.
“People don’t quite know what the Fed does, but public trust in the Fed is at a historic low. It’s that combination that is dangerous.”