Items Tagged with 'Jerome Powell'

ARTICLES

  • Federal Reserve leaves rates unchanged, stresses patience

    Says U.S. economic growth is "solid"
    For the first time in recent months, the Federal Reserve said Wednesday it would leave interest rates unchanged and, as expected, vowed to be "patient" in its evaluation of the economy's health. Following a two-day meeting of the Federal Open Market Committee, Fed Chairman Jerome Powell said it expects continued economic growth and that the "case for raising rates has weakened."
    Read More
  • Federal Reserve proposes easing regulations for larger banks

    But not the largest banks
    The Federal Reserve this week proposed the idea of easing regulations on larger financial institutions and announced it is seeking public comment on the issue. The Fed recently proposed four new tiers of regulation for banks with more than $100 billion in assets to ease compliance requirements for banks with less risk. Banks deemed to have the lowest risk would be able to skip out on annual stress tests and reduce other requirements.
    Read More
  • Warren urges Fed to remove Wells Fargo CEO

    Senator asks Fed chair to not allow Wells Fargo to grow until Sloan is removed
    Sen. Elizabeth Warren is urging the Federal Reserve to require the removal of Wells Fargo CEO Tim Sloan if the bank wants to grow. Warren sent a letter to Fed Chair Jerome Powell asking him to not allow the embattled megabank to grow in size until it replaces Sloan. In her letter, Warren said Sloan is "deeply implicated" in the bank’s prior misconduct.
    Read More
  • Janet Yellen: Economy's strong run could last through 2019

    Former Fed chair tells MBA crowd she's cautiously confident in economic stability
    At the MBA Annual on Monday, former Federal Reserve Chair Janet Yellen told the crowd there are strong indicators that the economy is in a good place. But, she does warn of a few potential flies in the ointment, like overly zealous deregulation, shadow banking and an overheated economy.
    Read More
  • President Trump 'not happy' with Fed hiking interest rates

    Mortgage rates keep inching higher, as well
    President Donald Trump is giving the Federal Reserve grief over interest rate hikes once again, but Federal Reserve Chairman Jerome Powell isn't paying him any mind. Meanwhile, mortgage rates are continuing to inch higher, higher today than in the last seven years, actually.
    Read More
  • Federal Reserve hikes interest rates again

    As expected, the Federal Reserve pushed rates up an additional .25% to stymie inflation
    The Federal Reverse raised interest rates for the third time this year, pushing rates up by .25% to 2.25%. Strong economic growth and a booming job market have led to the eighth rate hike since 2015, as the Fed tries to rein in the acceleration of inflation.
    Read More
  • Waters and 18 legislators demand Federal Reserve continue to regulate megabanks

    Ranking Member and Congressmen, D-Colo. Ed Perlmutter helps lead the charge
    This week, members of Congress demanded the Federal Reserve maintain strong capital requirements for Global Systemically Important Banks. Ranking Member of the House Committee on Financial Services Maxine Waters, D-Calif., and Ranking Member of the House Committee on Financial Services Subcommittee on Terrorism and Illicit Finance Ed Perlmutter, D-Colo., led the charge.
    Read More