Michael S. Barr has announced his resignation as Federal Reserve Board Vice Chairman for Supervision, effective Feb. 28. Barr, who served as vice chairman for supervision since July 19, 2022, will continue will to serve as a member of the Federal Reserve Board of...
Elon Musk appears to have placed the Federal Reserve in the crosshairs of the Department of Government Efficiency (DOGE). In a posting on X this morning, Musk responded to a tweet regarding Fed Chairman Jerome Powell’s leadership by commenting, “The Fed is absurdly...
The Federal Reserve announced its third consecutive rate cut, with a 25-basis-point slice that brings the federal funds rate down to the range of 4.25% to 4.5%. The decision by the central bank’s policy making Federal Open Market Committee had one dissenter –...
The current and incoming chairmen of the House Financial Services Committee sent letters to financial regulatory agencies within the Biden administration warning them about last-minute “finalizing partisan rulemakings” ahead of the arrival of the Trump administration....
Jerome Powell can relax – President-elect Donald Trump stated he would not try to replace him before his terms as Federal Reserve chairman ends in May 2026. In an interview broadcast on NBC’s “Meet the Press,” moderator Kristen Welker pressed Trump on retaining...
FHA Sets Lowest-Score Rule for Multiple Credit Models Ahead of January 1 Sh…
