News
Powell says DOJ served Fed subpoenas, threatened indictment
4+ hour, 6+ min ago (394+ words) Federal Reserve Chair Jerome Powell Sunday evening issued a recorded video statement saying that the central bank has been served grand jury subpoenas from the Justice Department "threatening a criminal indictment" over his testimony last June concerning ongoing renovations at…...
Bankers forecast a rough economy in 2026
5+ day, 17+ hour ago (270+ words) Bankers are kicking off 2026 with fears of mounting stagflation in the U.S. and both a domestic and global recession looming, according to findings from new American Banker research. Top questions answered in the research This five-part series dives into the data…...
Bankers fear economic struggle in 2026
5+ day, 17+ hour ago (1711+ words) American Banker's 2026 Predictions report was fielded online during October and November of 2025 among 174 banking professionals who work across a variety of executive roles at banks, credit unions, neobanks and payments companies. Part one: Bankers forecast 2026 upheaval in cybersecurity, regulationPart three:…...
Fed's Barkin optimistic about market uncertainty in 2026
5+ day, 20+ hour ago (759+ words) Federal Reserve Bank of Richmond President Tom Barkin struck a cautiously optimistic tone on the economy Tuesday, saying progress on inflation and labor markets could eventually allow policy to normalize, though risks remain on both sides of the Fed's mandate....
Fed's Kashkari flags concern about labor market
6+ day, 19+ hour ago (707+ words) Minneapolis Federal Reserve President Neel Kashkari said Monday he is more concerned about the labor market heading into the new year, even as inflation remains elevated.Speaking on CNBC, Kashkari, now a voting member of the Federal Open Market Committee,…...
The coming year will be pivotal for the Federal Reserve
1+ week, 6+ day ago (1149+ words) Since taking office for a second term, Trump has pulled numerous levers in an attempt to exert more influence over the central bank. Those efforts have included calls for Fed Chair Jerome Powell to resign and an attempt to remove…...
DOJ wants Fed Chair Powell to weigh in on CFPB funding
3+ week, 5+ day ago (721+ words) The Department of Justice is trying to pull Federal Reserve Chairman Jerome Powell into its funding fight over the Consumer Financial Protection Bureau." On Tuesday, the Justice Department sent a letter to Powell asking for his opinion on two critical…...
Waller stresses Fed independence ahead of meeting with Trump
3+ week, 5+ day ago (665+ words) Federal Reserve Gov. Christopher Waller, considered a potential contender to lead the central bank when Chair Jerome Powell's term ends in 2026, said Wednesday that monetary policy should remain insulated from direct influence by the executive branch. Speaking at Yale University's…...
Fed Gov. Miran says goods inflation may remain elevated
3+ week, 6+ day ago (638+ words) Federal Reserve Gov. Stephen Miran said Monday he is unsure what is driving higher goods inflation, but continued to defend the Trump administration's tariff policies. Speaking at Columbia University's School of International and Public Affairs, Miran said goods inflation could…...
Fed's Goolsbee, Schmid lay out case for interest rate pause
4+ week, 2+ day ago (644+ words) Two Federal Reserve officials who wanted to keep short-term interest rates unchanged at the December Federal Open Market Committee meeting offered slightly different explanations for their positions. Schmid, who also dissented against a rate cut in October, said the data…...