#Federal Reserve
DBEDT encourages Hawaiʻi small business to complete annual Fed credit survey
The Hawaiʻi Department of Business, Economic Development and Tourism is urging local small businesses to complete the Federal Reserve Bank’s annual Small Business Credit Survey.
Growth, recovery forecast for Hawaiʻi, but Maui County expected to lag behind
Construction activity, including the rebuilding of wildfire devastated Lahaina town, will overcome relative weakness in tourism and help build a stable economic recovery, at a rate of 1.3%, for Hawaiʻi statewide, according to a forecast by economists with the Department of Business, Economic Development and Tourism.
Hirono, colleagues urge strong capital rules to protect Americans’ money
The senators voiced their support for the new capital rules proposed by the agencies in an effort to strengthen the financial system and protect Americans’ jobs, businesses and money. In the letter, the lawmakers cited that strong capital rules allow banks to continue to serve their communities during difficult financial periods.
Sen. Schatz Reintroduces Bill To Ensure US Financial System Ready for Climate Change
US Sen. Brian Schatz (D-HI) and Congressman Sean Casten (D-IL) introduced the Climate Change Financial Risk Act of 2021, legislation that would direct the Federal Reserve to conduct stress tests on large financial institutions to measure the resilience to climate-related financial risks.
