Federal Reserve, DOJ and central banks
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The two banks announced the approval the night of Jan. 13. Comerica plans to fully rebrand as Fifth Third Bank later this year.
The Federal Reserve approved Fifth Third Bancorp’s acquisition of Comerica Inc., a key move from the regulator signing-off on one of the largest bank deals in 2025.
Jerome Powell, head of the U.S. Federal Reserve, said on Sunday the Justice Department has opened a criminal investigation against him for allegedly misleading Congress about a building renovation project at the central bank’s headquarters.
Federal Reserve Bank of Atlanta Pres. Raphael Bostic knows hiring has cooled off, but he remains most concerned about keeping inflation heating up. The Fed's main tool to fight inflation is higher interest rates,
The Federal Reserve has several tools to manage the money supply and keep the economy running smoothly. Learn how the central bank sets monetary policy.