News

• Fed Wrestles With Its Next Moves as Virus Stalls U.S. Economy Wednesday, July 29, 2020 in Press View More
• IMET July 2020 Monthly Newsletter Monday, July 20, 2020 in Monthly Newsletters

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• The Biggest US Banks Have Some Bad News About the American Economy Monday, July 20, 2020 in Press View More
• Fed Caps Bank Payouts Amid Loss Threat Friday, June 26, 2020 in Press

  The Federal Reserve called the banking system strong but imposed new restrictions to keep it that way at least through the third quarter 2020, according to CNN Business.

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• IMET June 2020 Monthly Newsletter Monday, June 15, 2020 in Monthly Newsletters

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• GFOA Launches Economic Indicator Dashboard Thursday, May 28, 2020 in Press

  GFOA Launches Economic Indicator Dashboard

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• Laurence Msall Column in Crain's Chicago Business, "No state or local government can weather this crisis on its own" Wednesday, May 27, 2020 in Goings on for Illinois Agencies

  Laurence Msall wrote a column for Crain's Chicago Business, May 8, 2020, asserting that no state or local government can weather this crisis on its own. His argument is that to exclude Illinois, Chicago or other major governments from future rounds of federal relief because of past bad fiscal decisionmaking are misguided and threaten full national economic recovery.

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• May 2020 IMET Monthly Newsletter Friday, May 15, 2020 in Monthly Newsletters

  May 2020 IMET Monthly Newsletter

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• Updated GFOA Best Practice: Using Safekeeping and Third-Party Custodian Services Thursday, April 30, 2020 in Press

  The safety of public funds should be the primary investment objective of all governments.  One of the most important protections and a control against fraud is the separation of the safekeeping function from the investment function.

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• Federal Reserve Press Release Wednesday, April 29, 2020 in Press

  The Federal Reserve left rates unchanged at its April policy meeting, while its statement addressed the dramatic deterioration of the economic outlook since their last meeting in March and made clear they are “committed to using its full range of tools to support the U.S. economy in this challenging time.” The committee kept the interest rate paid on required and excess reserves unchanged at 0.10%.

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