The Federal Reserve Lowered Interest Rates Too Soon
Inflation remains stubbornly above the Federal Reserve’s 2 percent target. Yet, instead of maintaining a firm stance at its December 18 meeting, the Fed cut interest rates for the third time in three months. The Fed should move slowly going…
How would a federal bitcoin reserve work?
Summers’ calls dea of national Bitcoin reserve ‘crazy’ Former US Treasury Secretary Lawrence Summers says the US does not need a national Bitcoin reserve. “Some of what is being said this idea that we should have some kind of national Bitcoin reserve…
US Federal Reserve’s Caution On Rate Cuts Could Cause Friction With Trump
Washington: Donald Trump’s imminent return to the White House and uncertainty about his policy proposals has begun weighing on the US Federal Reserve, raising concerns of a reckoning between the central bank and the president-elect. Fed chair Jerome Powell acknowledged…
Fed Announces Enforcement Against Lineage Financial Network
The Federal Reserve Board has announced an enforcement action against Franklin, Tennessee-based Lineage Financial Network, the bank holding company of Lineage Bank. The Fed said in a Thursday (Dec. 19) press release that the Federal Deposit Insurance Corporation (FDIC) separately issued an enforcement action…
Business students visit Federal Reserve Bank of St. Louis – News
Students from Illinois State University’s Beta Gamma Sigma Honor Society (BGS) and the Illinois State Students in Finance organization (ISSF) recently had the unique opportunity to visit the Federal Reserve Bank of St. Louis. The educational trip aimed to provide…
The Federal Reserve just announced a third rate cut; fewer are expected in 2025
Rates were cut by a quarter of a percentage point. (iStock ) The Federal Reserve just cut interest rates one more time this year. In their recent meeting, the Fed decided to cut rates by a quarter of a percentage point,…
Oil Edges Lower as Federal Reserve Outlook Boosts US Dollar
(Bloomberg) — Oil edged lower as expectations for fewer interest-rate cuts by the US Federal Reserve next year boosted the dollar. Most Read from Bloomberg West Texas Intermediate fell near $70 a barrel, while Brent hovered around $73. Fed officials…
Jerome Powell makes clear the Fed is already thinking about life under Trump
Federal Reserve Chair Jerome Powell offered what was perhaps a tell Wednesday on how top of mind the economic policies of President-elect Donald Trump are for monetary policy in 2025. The moment came about 15 minutes into his press conference…
Donald Trump’s presidency looms over the Federal Reserve
This is an on-site version of the White House Watch newsletter. You can read the previous edition here. Sign up for free here to get it on Tuesdays and Thursdays. Email us at [email protected] Good morning and welcome to White House Watch. We…
Federal Reserve Cuts Its Key Rate by a Quarter-Point
Federal Reserve Board Chairman Jerome Powell speaks at the Federal Reserve on Dec. 18 in Washington. (Jacquelyn Martin/Associated Press) [Stay on top of transportation news: Get TTNews in your inbox.] WASHINGTON — The Federal Reserve cut its key interest rate…