The Federal Reserve’s Holiday Announcement Tries to Hide Its Latest Capitulation to Wall Street, Making Crashes and Bailouts More Likely
WASHINGTON, D.C.— Dennis Kelleher, President, CEO and Co-founder of Better Markets, issued the following statement in connection with the Federal Reserve’s announcement today of plans to weaken stress tests. “Showing disrespect if not disdain for the public, the Federal Reserve’s announcement…
Fed to consider changes to stress testing
The Federal Reserve is open to changing its stress-testing practices in hopes of heading off potential future legal challenges. On Monday, the Fed said it would ask the public for input next year on how to make the annual tests…
Merchants Payments Coalition Urges Reduced Interchange Fees
The Merchants Payments Coalition is urging the Federal Reserve to quickly finalize the Fed’s proposal to reduce the fees banks are allowed to charge merchants to process debit card transactions. The group said this in a letter to Federal Reserve…
A Fed rate hike is ‘very realistic’ in 2025: Portfolio mgr.
The Federal Reserve recently announced a 25 basis point interest rate cut while projecting only two cuts for 2025. Some market participants are growing concerned that the Fed might resume rate hikes in the coming year. Miramar Capital co-founder and…
Oil up on lower US inflation data, hope of Federal Reserve policy easing
ISTANBUL Oil prices increased on Monday, driven by expectations of further US Federal Reserve (Fed) policy easing following lower-than-expected US inflation data. The international oil benchmark of Brent crude increased by 0.20% to $72.79 per barrel at 11.40 a.m. local…
Elon Musk federal reserve: Elon Musk makes ‘overstaffed’ Fed his target in new post, internet says ‘bye bye Jerome Powell’
Tech billionaire Elon Musk Monday in a social media stated that the US central bank in charge of protecting the world’s largest economy is “absurdly overstaffed”. The Tesla CEO, known for his controversial takes on government policies, has this time…
Elon Musk Makes ‘Overstaffed’ Fed Target in Quest for Efficiency
(Bloomberg) — Elon Musk, the billionaire tasked with making the US government more efficient come January, has zeroed in on the Federal Reserve. Most Read from Bloomberg The central bank in charge of protecting the world’s largest economy is “absurdly…
The Fed Is Unlikely To Cut Interest Rates In January Due To Inflation
The Federal Reserve cut interest rates by 0.25% on December 18, but an interest rate cut is unlikely when the Fed issues its next policy decision on January 29. Elevated levels of consumer inflation combined with the latest Federal Open…
What to know this week
The holidays are here. But many investors may be feeling like they made it onto the naughty list as they contend with challenges from turmoil in Washington as President-elect Donald Trump and Elon Musk flex their newfound political power to…
Jerome Powell led the Fed’s fight against inflation. It’s not over yet – and it could get even harder
Washington CNN — Federal Reserve Chair Jerome Powell has steered the world’s most powerful central bank during a tumultuous period for the US economy, from the pandemic to a historic bout of inflation shortly after. But the job isn’t finished…