News

Next Federal Reserve chair may already be on board - report
Some governors already on the Federal Reserve Board are being considered to succeed Chair Jerome Powell after his term as ...
The Economist2d
The best check on Fed politicisation is fear of being judged a failure, says Richard Clarida
The Fed operates with what is known as instrument independence, which means that it can raise or lower interest rates or buy ...
Bessent on becoming Fed chair: ‘I will do what the president wants’
Treasury Secretary Scott Bessent said Monday he’d be open to replacing Federal Reserve Chair Jerome Powell as President Trump ...
Big banks all pass the Federal Reserve’s stress tests, but the tests were less vigorous this year
The Federal Reserve said all major banks passed this year’s stress tests, showing they can withstand a hypothetical severe ...
American Banker1d
Stability is the SLR proposal's goal — but it's no guarantee
Regulators hope changes to the supplementary leverage ratio will improve Treasury market function, but whether that happens ...
WHYY2d
Philly’s Federal Reserve is getting a new leader for the first time in a decade
Anna Paulson will become president of the Federal Reserve Bank of Philadelphia on July 1. She replaces Pat Harker.
The job market had a surprisingly great June
Economists expected job growth of 111,000 and for unemployment to increase from 4.2%, which it had been for three consecutive months, to 4.3%. The Fed decided about two weeks ago to hold interest ...
Weekly mortgage rates continue to fall as the Fed debates timing
The article Weekly Mortgage Rates Continue to Fall as the Fed Debates Timing originally appeared on NerdWallet.