Wall Street notches another win as Fed’s Barr clears the way for gentler banking regulator – NBC New York
Federal Reserve Vice Chair for Supervision Michael Barr said he plans to step down from his role by next month to avoid a protracted legal battle with the Trump administration. The announcement, a reversal from Barr’s previous comments on the…
Bitcoin Tumbles As Positive Job Market Numbers Dim Hopes for Rate Cuts
Key Takeaways Bitcoin tumbled on Tuesday as labor market data underscored the strength of the U.S. economy, dimming hopes that the Federal Reserve will cut interest rates. Risk-on assets like bitcoin tend to fall in response to news indicating that…
Barr’s self-demotion changes little for regulatory outlook
Michael Barr elected to end his term as the Federal Reserve’s top regulator a year and a half ahead of schedule, taking the threat of a costly and potentially damaging legal fight with the incoming Trump administration off the table…
Bitcoin retreats from $102K high amid hot job data and Federal Reserve projections
Key Takeaways Bitcoin dropped 5% from its high of $102,000 amid stronger-than-expected US job data. The crypto market, which had gained 11% in early 2025, is now down over 5%, with Ethereum, XRP, and Solana also seeing steep declines. Share…
For the Fed’s Michael Barr, less power is more
Federal Reserve Vice Chair for Supervision Michael BarrBloomberg News Being in charge is hard. In theory, if you are in charge of something you win praise when you do a good job and admonition if you screw up. But in…
Fed Not Seen Cutting Rates At January Meeting
Federal Reserve Board Chairman Jerome Powell speaks during a news conference at the Federal Reserve, … [+] Wednesday, Dec. 18, 2024, in Washington. (AP Photo/Jacquelyn Martin) Copyright 2024 The Associated Press. All rights reserved. The Federal Open Market Committee is…
Fed’s Bowman emerging as ‘likely choice’ to become top US banking cop: Analysts
The surprise departure of Federal Reserve vice chair for supervision Michael Barr is focusing new attention on Michelle Bowman, named by analysts as the person most likely to become the Fed’s new top banking cop. The conservative Fed governor and…
New Fed Research Shows Wall Street Megabanks Are Undercapitalized and Pose Needless Risk of Failure, Crashes and Bailouts
Washington, D.C. – Dennis Kelleher, President, CEO and Co-founder of Better Markets, issued the following statement in connection with a supplemental comment letter on the Regulatory Capital Rules related to the Basel III Endgame proposal. The letter highlights compelling Federal…
Recession Risk For 2025 Is Estimated To Be Low
Federal Reserve Board Chairman Jerome Powell leaves after a news conference at the Federal Reserve, … [+] Wednesday, Dec. 18, 2024, in Washington. (AP Photo/Jacquelyn Martin) Copyright 2024 The Associated Press. All rights reserved. Despite relatively high interest rates and…
US Treasury yields surge to 8-month high after strong economic data
Stay informed with free updates Simply sign up to the Global Economy myFT Digest — delivered directly to your inbox. US Treasury yields leapt to the highest level in eight months on Tuesday, after strong jobs and services data prompted…