2026 MAY 04– By a News Reporter-Staff News Editor at NewsRx Policy and Law Daily– Investigators discuss new findings in Economics. According to news reporting from Washington, District of Columbia, by NewsRx journalists, research stated,“ We consider three aspects of the constitutional status of the U.S. Federal Reserve in this Article.”. The news correspondents…
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Senators Lisa Blunt Rochester, Ruben Gallego, Angela Alsobrooks, Elizabeth Warren, Chris Van Hollen, Tina Smith, Raphael Warnock, and Andy Kim called on Federal Reserve Chair nominee Kevin Warsh to clarify discrepancies between his testimony before the Senate Committee on Banking, Housing, and Urban Affairs and public statements from President Trump…
Federal Reserve Vice Chair for Supervision Michelle Bowman argues this was a result of federal policies and could be reversed by her proposed reforms to capital requirements. In 2013, the Federal Reserve adopted its initial "Basel III" framework, which imposed deduction caps that effectively limited the mortgage portfolios held by banks, and a 250%…
BY BILL DUDLEY Kevin Warsh, the prospective chair of the US Federal Reserve, keeps coming up with new reasons to lower short-term interest rates, an outcome that President Donald Trump has long demanded. The shrinkage, however, will likely be spread out over years and, at perhaps $1 trillion of the Fed’ s $6.7 trillion balance sheet, not be very significant compared…
JASPER– German American Bank's Chairman and CEO, Neil Dauby, has been elected to serve on the Board of Directors of the Federal Reserve Bank of St. Louis. In this role, he will contribute to the national monetary policymaking process, providing valuable economic insight aìecting businesses and communities in the footprint it serves, which includes German…
WASHINGTON- Federal Reserve officials who dissented against this week's policy statement said Friday the developing oil price shock from the war in Iran means the U.S. central bank should be clear it can no longer lean toward interest rate cuts, with a rise in borrowing costs possible in the future. Minneapolis Fed President Neel Kashkari said he felt a…
Oh, the bears tried, but equities managed another up week of record highs even as oil prices surpassed $100/ bbl. Big tech certainly delivered, sending markets higher on a day when oil hit $108/ bbl. On Wednesday, Jerome Powell, the outgoing Chair-man of the Federal Reserve, first announced that "nothing done" regarding interest rates.
2026 APR 01– By a News Reporter-Staff News Editor at NewsRx Policy and Law Daily– A new study on Economics is now available. Rather than rely on a single organization to set monetary policy and oversee banks, Congress created a multiplicity of bodies including twelve Federal Reserve Banks, each designed to operate in a different part of the country.”.
Powell said Wednesday that he will remain on the Fed board for an undetermined amount of time after Kevin Warsh takes over as chair given the various legal threats he believes the bank still faces. "The decision that Powell will make on whether to remain on the board will shape the early term of Kevin Warsh, who appears likely to receive confirmation as Powell's…
The Federal Reserve may have to raise interest rates multiple times if the U.S.- Israeli war against Iran drags on, Federal Reserve Bank of Minneapolis President Neel Kashkari said. Both inflation and unemployment could rise if the Strait of Hormuz stays closed, Kashkari wrote Friday, May 1, in an essay explaining his objection to language at this week’ s Federal…
The price of fuel has risen significantly since the U.S.- Israel war on Iran began on Feb. 28, closing a key international shipping lane for oil and gas, the Strait of Hormuz. The average price for a gallon of gas in Texas was $2.55 in early February, according to AAA. "If I go grocery shopping one day, I'm definitely not going to get a full tank of gas the same day because it's…
The Central Bank of Liberia has maintained its key monetary policy rate at 16.25 percent, signaling continued caution as global economic instability, inflationary pressures, and domestic financial vulnerabilities shape Liberia's economic outlook. During the reading of Communiqué No. 26 on Thursday, April 30, Executive Governor Henry F. Saamoi, who chairs…
JACKSON, Miss.– Mississippi State Treasurer David McRae has urged the Federal Reserve to end debanking. The effort came in response to a proposed Federal Reserve rule change to prohibit "reputation risk." "The previous reputation risk allowance was an ill-defined, weaponized concept that has picked winners and losers, punished lawful businesses, and…
Federal Reserve Chair Jerome Powell plans to stay on as a central bank governor for an undetermined period of time when his leadership term ends next month, amid hopes that ongoing political attacks on the institution will settle down. "After my term as chair ends on May 15, I will continue to serve as a governor for a period of time to be determined," Powell told a news…
