Items Tagged with 'Federal Reserve'

ARTICLES

  • Trump "not thrilled" with interest rate hikes

    In an interview with CNBC, Trump criticized the Fed's decision to raise interest rates
    President Donald Trump says he is "not thrilled" with rising interest rates and that he is "frustrated" with the Federal Reserve. The president said he fears raising interest rates could jeopardize the economic recovery.
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  • Powell: Housing not the economic driver it once was

    Says housing industry isn’t as big as it once was
    Federal Reserve Chair Jerome Powell returned to Capitol Hill on Wednesday for this second appearance of the week. During his hearing before the House Committee on Financial Services, Powell explained that the housing industry simply isn’t the economic driver that it once was and actually doesn’t have much pull in monetary policy decision making.
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  • Fed Chair Powell: GSE reform essential for U.S. economy

    Testifies before Senate on current state of economy
    Tuesday, Federal Reserve Chair Jerome Powell gave his semi-annual congressional testimony before the Senate Committee on Banking, Housing and Urban Affairs. And while Powell didn’t provide many specific details, he stated his belief that it would be healthy for the economy to see GSE reform move forward.
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  • FOMC minutes reveal Fed not concerned by growing global economic disruptions

    Expects to continue raising rates in near future
    The FOMC released the minutes from its June meeting Thursday, which showed that the Federal Reserve is not concerned about the rising threat of a trade war or other economic disruptions. While the Fed did mention some global economic challenges during its meaning, they were not the focus and did not seem to affect members’ predictions for the future of rate hikes.
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  • Fed extends stress test filing deadlines for 14 big banks

    Exempts some banks from resolution plan requirements
    The Federal Reserve announced Monday that it is extending the stress test filing deadline by one year for some of the nation’s largest banks. The Fed explained this additional time will allow the banks to provide feedback on their last submissions and produce their next submissions. Here’s which banks are getting an extension and which are now exempt.
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  • Fed fails one bank in second round of stress tests

    Two others met with conditional approval
    During the second round of the 2018 annual stress tests, the Federal Reserve objected to one bank’s capital plan but passed the other 34 largest banks. In addition to failing one bank, the Fed also gave conditional approval to Goldman Sachs and Morgan Stanley after recent tax reform laws reduced their capital.
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  • Fed looks to eliminate pass/fail for bank stress tests

    To take volatility out of financial markets
    The Federal Reserve is looking to take volatility out of the financial markets by changing the rules of stress tests on big banks, and eliminating the pass or fail grades. The Fed would replace the pass or fail grade with simply giving banks a capital ratio that the lender must meet during the following year.
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  • Expert: Fed will cut interest rates in 2020

    But expect 4 more rate hikes before then
    Most experts are expecting a total of four rate hikes in 2018, followed by two or three more in 2019. In 2020, however, that could all change. One expert predicted that not only could the economy slow, but the Fed will even cut interest rates in 2020.
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