Top Fed official backs new rate cuts even if Trump tariffs materialize
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails A top policymaker at the…
Michael Barr Hands the Fed’s Financial Regulation Powers to Trump
One big problem with American government is that, partly because it is nearly impossible to pass normal legislation anymore, the federal agency structure is never rationalized or streamlined. New agencies are just piled up over time in an endlessly growing…
The Federal Reserve May Do the Unthinkable, and It Could Drag the Stock Market Down in 2025
The S&P 500 (^GSPC -1.11%) has advanced 27% in the past year. Those stock market gains were driven in part by expectations that the Federal Reserve will keep cutting interest rates. Lower rates boost the economy by encouraging spending, and…
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…