Federal Reserve officials at their meeting Dec. 17-18 expected to dial back the pace of interest rate cuts this year in the face of persistently elevated inflation and the threat of widespread tariffs and other potential policy changes.
It’s worth thinking about as a Federal Reserve still traumatized by 2008 foists all manner of “stress tests” on banks as a way of allegedly ensuring their health during times of trouble. The Fed’s aggressiveness implies that its rules,
Michael Barr, the vice chair for supervision at the Federal Reserve, said he will leave his post in February, giving President Donald Trump a chance to fill one of the top positions on the powerful central bank.
Learn why some people believe it was unconstitutional for the government to establish the Federal Reserve Bank and why they believe it should be abolished.
Collins, in prepared remarks for an event Thursday in Boston, said the economy was in a “good place,” but noted that progress on cooling inflation will likely be slower this year than previously anticipated.
Ahead of Donald Trump taking office, Federal Reserve's top banking regulator has resigned from his role as vice chair of supervision.
The Federal Reserve's top financial regulator said Monday that he would resign next month, avoiding a potential confrontation with the incoming Trump administration and Republicans in the Senate. Fed governor Michael Barr said in a letter to President Joe Biden that he would step down as vice chair for supervision Feb.
Learn about the Federal Reserve's quantitative tightening program and its impact on the economy, interest rates, and monetary policy goals.
That said, Trump has also expressed an interest in having “at least a say” in monetary policy. Then again, in the same hour on Tuesday, Trump also called for the U.S. to absorb Canada, seize the Panama Canal and Greenland, and rename the Gulf of Mexico the Gulf of America. All or none of that might come to fruition.
As expenses continue to increase, many Americans turn to credit cards to help bridge the gap. However, credit cards have one of the highest interest rates of any consumer lending product, sometimes causing debt to snowball quickly.
Indexes rose after a broad sell-off on Wednesday after the Federal Reserve back rate-cut expectations at its policy meeting. The Federal Reserve cut interest rates on Wednesday but projected only ...