G et your $TRUMP now,” came the message from America’s president-elect three days before his inauguration. The commander-in-chief’s meme cryptocurrency, the aggregate val
Senator Elizabeth Warren has slammed the Federal Reserve for allowing US banks to break rules designed to prevent another financial crisis and avoid huge taxpayer bailouts.
U.S. Federal Reserve policymakers meeting next week are expected to keep interest rates on hold but the larger story unfolding will be how the central bank confronts early moves by President Donald Trump that are likely to shape the economy this year,
President Trump said he expected that steps by his administration to reduce energy prices would make it possible to keep a lid on inflation and bring interest rates down. “I’d like to see oil prices come down,
President Trump called for the Federal Reserve to lower interest rates on Thursday in his first public comments on the central bank since taking office. The pressure campaign won’t do much to bring down borrowing costs.
The FBI director, IRS commissioner and vice chair of the Federal Reserve, all criticized by Republicans, have opted to resign instead of staying in their jobs, which have terms designed to straddle presidential administrations.
The Federal Reserve said Friday that it is leaving an international grouping of central banks that focused on how the financial system could help combat climate change.
The central bank said it had decided to leave the network after the group’s work “increasingly broadened in scope.”
Donald Trump is expected to elevate Michelle Bowman, a fifth-generation community banker and current Fed governor, as the government’s most influential banking regulator.
Citing concerns about going outside its statutory mandate, the Federal Reserve Board of Governors voted to leave the Network of Central Banks and Supervisors for Greening the Financial System.
It's the latest sign that U.S. financial regulators will avoid climate-related policies in the second Trump administration.
The Federal Reserve announced on Friday its decision to withdraw from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS), a global coalition aimed at addressing climate-related financial risks.