Items Tagged with 'Federal Reserve'

ARTICLES

  • 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.
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  • Former Fed chair says "we're in a hell of a mess"

    Paul Volcker tells The New York Times he sees a "hell of a mess" in every direction
    In an interview with The New York Times, former Federal Reserve Chair Paul Volcker says he sees a "hell of a mess in every direction" when it comes to the country, economy and government. Volcker always warns that the country is developing into a plutocracy.
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  • 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.
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  • Wall Street worries lead to weakening housing stocks

    Analysts reduce price targets as fears of rising interest rates grow
    This week, fear of interest rate spikes contributed to a decrease in housing stocks after analysts lowered ratings and price targets for several companies in the housing industry, according to an article written by Jim Bounds for CNBC.
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  • 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.
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  • Trump blames Fed for stock market nosedive

    President told reporters he thinks the Fed went "crazy"
    President Donald Trump is quadrupling down on his ire toward the Federal Reserve’s rate hikes. On the Tarmac at Erie International Airport, he blamed Wednesday’s market meltdown on the Fed, telling reporters, "The Fed is making a mistake," and saying, "I think the Fed has gone crazy."
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  • Goldman Sachs economist claims little chance of recession in the next 3 years

    Daan Struyven's research indicates the U.S. economy is only midway through its expansion
    Worried about the coming recession? Don't be. Goldman Sachs is calling bull on all the bearish naysayers out there. According to the famed firm, the U.S. is only in the middle of its economic expansion and the possibility of a recession in the next three years is “below average.”
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  • 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.
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