Maintenance in progress

the federal reserve chair appointed five task forces to review inflation frameworks, data, productivity, communications and balance sheet policy — described as the most consequential rethink of us monetary policy since 2012, following five years of above-target inflation. separately, a us mortgage lender took a $2bn emergency capital injection after derivative losses, and q2 household debt delinquency data was published. the central bank is reopening its own rulebook while stress shows in housing finance.

us monetary and credit reporting