Federal Reserve Press Release Announcing the Creation of a New CPFF

Summary Section 13(3) of the Federal Reserve Act, a product of the Depression Era, permits emergency lending to bank and nonbank companies by the Federal Reserve. On October 27, 2008, the Federal...


FOMC March (unscheduled) 2020 Press Release Language Change

This is an unscheduled meeting of the FOMC and replaces the scheduled March 17th-18th meeting. Summary The coronavirus outbreak has harmed communities and disrupted economic activity. Global...


ECB Press Conference March 12, 2020 - What Has Changed?

The ECB acknowledges that the spread of the coronavirus (COVID-19) has been a major shock to the growth prospects of the global and euro area economies and has heightened market volatility. Even if...


Members of the FOMC: Save Your Policy Bullets

With the Coronavirus rolling across Asia and into the Middle East and Europe, investors are recalculating risk and pricing in a global pandemic that will extend the demand and supply shock that...


Accessing Participant Data – Another Lawsuit

In today’s ever digitized world, we do not only have to protect our natural selves but also our digital selves.  Maintaining confidentiality and privacy protection are not only an individual’s...


Philip Chao interviewed on CNBC Personal Finance – Investors urged to beware of the Tesla ‘fear of missing out’ mania

The recent roller coaster ride with the Tesla stock reminds us all about the need for diversification.  Depending on when you invested in the stock, the week of excitement and elation (greed) turned...


FOMC January 2020 Press Release Language Change

Summary Labor market remains strong with solid job gains. (no change) Economic activity has been rising at a moderate rate. (no change) Unemployment rate has remained low. (no change) Growth of...


ECB Press Conference January 23, 2020 - What Has Changed?

Summary  Incoming data suggest muted inflation pressures and weak euro area growth dynamics while ongoing employment growth and increasing wages continue to underpin the resilience of the euro area...


Philip Chao interviewed on CNBC Personal Finance - More people may soon have annuities in their 401(k) plans

The SECURE Act brings safe harbor for Plan fiduciaries to include annuities as an invest and pay out option under a DC plan for the first time.  This is a much needed option for those workers seeking...


ECB Press Conference December 12, 2019 - What Has Changed?

Summary  This is the first ECB monetary policy meeting under the presidency of Christine Lagarde, who was appointed on October 18, 2019, by the ECB Executive Board. Incoming data suggest muted...