News
Trump Says Dimon ‘Wrong’ to Criticize DOJ Probe of Fed’s Powell
2+ hour, 51+ min ago (102+ words) Trump Says Dimon "Wrong" to Criticize DOJ Probe of Fed"s Powell'Bloomberg Law News President Donald Trump dismissed Jamie Dimon"s criticism over the Justice Department probe into the Federal Reserve, saying the JPMorgan Chase & Co. chief executive officer was…...
Trump’s Push for Credit Card Rate Cap Hurt by CFPB Limitations
1+ day, 2+ hour ago (69+ words) Trump's Push for Credit Card Rate Cap Hurt by CFPB Limitations'Bloomberg Law News President Donald Trump's push to cap credit card interest rates at 10% for one year will have to go through Congress, because the agency that would likely be…...
OCC Moves to Preempt State Mortgage Escrow Interest Laws (1)
3+ week, 18+ hour ago (123+ words) A federal banking regulator is moving to block states from forcing national banks to pay interest on mortgage escrow accounts, in the latest fallout from a US Supreme Court decision that left open questions about preemption of state laws. A…...
Atlanta Fed Board Announces Search for Next Bank President
4+ week, 1+ day ago (125+ words) The board of directors for the Federal Reserve Bank of Atlanta has launched a search for the regional bank's next president, following news that President Raphael Bostic will retire at the end of February. The board of directors for the…...
Fed’s Collins Says Cut Was Close Call, Balance of Risks Shifted
4+ week, 1+ day ago (96+ words) Federal Reserve Bank of Boston President Susan Collins said she supported last week's interest rate reduction, but the decision was a "close call" because she remains concerned about elevated inflation. Federal Reserve Bank of Boston President Susan Collins said she…...
The Five Factors That Broke Capitalism, and One Fix: Essay
1+ mon, 2+ day ago (132+ words) With the world in mortal crisis throughout the 1930s, the leading capitalist intellectuals of the day met in a series of fraught conferences. Horrified by the advances of totalitarianism, economists like John Maynard Keynes, Friedrich Hayek, Karl Polanyi and Ludwig von…...
Fed Reappoints 11 Reserve Bank Presidents to Five-Year Terms
1+ mon, 2+ day ago (214+ words) The Federal Reserve Board of Governors has unanimously reappointed 11 of the central bank's regional presidents to new five-year terms. The Federal Reserve Board of Governors has unanimously reappointed 11 of the central bank's regional presidents to new five-year terms. The reappointments…...
Key Takeaways From Fed Decision to Cut Rate by Quarter-Point
1+ mon, 3+ day ago (133+ words) Federal Open Market Committee votes 9-3 to lower the benchmark interest rate by a quarter-point to a target range of 3.5%-3.75% "Dot plot" of rate projections shows the median official expected to ... Here are key takeaways from the Federal Reserve's interest-rate decision…...
US Consumer Inflation Expectations Hold Steady in Fed Survey (1)
1+ mon, 5+ day ago (86+ words) US consumer inflation expectations were stable in November while perceptions about job prospects improved, according to a survey from the Federal Reserve Bank of New York. US consumer inflation expectations were stable in November while perceptions about job prospects improved,…...
US Consumer Spending Stalled in September, Inflation in Line (3)
1+ mon, 1+ week ago (101+ words) US consumer spending stalled in September, suggesting Americans were already stretched going into the government shutdown in the face of stubborn inflation. US consumer spending stalled in September, suggesting Americans were already stretched going into the government shutdown in the…...