The following information was released by the Federal Reserve Board:. Early on, while at the Treasury Department, I worked with colleagues to help stand up the CDFI Fund, strengthen the Community Reinvestment Act, and launch the New Markets Tax Credit. When I returned to Treasury years later, I got a chance once again to work with the talented staff of the CDFI Fund,…
Economic News
The following information was released by the Federal Reserve Board:. Good afternoon and thank you to the Federal Reserve Banks of St. Louis, Boston, Richmond, and Philadelphia for hosting today's discussions.1 You have organized a dynamic conversation on topics that have a significant bearing on the financial well-being of consumers and communities.
At the Payments Innovation Conference, Federal Reserve Board, Washington, D.C.. It is my pleasure to welcome you to the Federal Reserve Board for our first Payments Innovation Conference. 1 My objective in creating this conference is twofold. Second, I wanted to send a message that this is a new era for the Federal Reserve in paymentsthe defi industry is not viewed…
Congress established the Federal Reserve to manage our money with near-parental authority, and it’ s high time for the institution to exercise that authority. Unfortunately, the president and Congress are making the Fed’ s job virtually undoable. Additional liquidity should pull down the 10- year Treasury rate, which powerfully influences the rates charged…
2025 OCT 21– By a News Reporter-Staff News Editor at CDC& FDA Daily– Investigators publish new report on Economics- Economics and Statistics. Our news journalists obtained a quote from the research from the Federal Reserve Bank of Kansas City,“ Second, better anchored inflation expectations weaken the relationship between unemployment and inflation,…
The following information was released by the Federal Reserve Bank of Minneapolis:. Perris articles have appeared in journals such as Econometrica, the Journal of Political Economy, The Review of Economic Studies, and the Journal of Monetary Economics. The Federal Reserve Bank of Minneapolis is one of 12 regional Reserve Banks that, with the Board of Governors…
The U.S. dollar has fallen about 1% against other major currencies in the last week or so; since mid-January, it's down more than 10%. First, worries about U.S. regional banks, and then President Donald Trump's renewed tariff threats against China, according to Maurice Obstfeld, a nonresident fellow at the Peterson Institute for International Economics.
The governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that Nigeria has attracted over $8 billion in new energy investments. The announcement came at the conclusion of the IMF/World Bank Annual Meetings, where Nigeria will assume the G-24 chairmanship on November 1, 2025. Speaking further on Nigeria's growth trajectory, Cardoso said, " Nigeria…
A national leader in monetary policy said during a visit to South Dakota that the Federal Reserve was "making good progress" bringing down inflation until "tariffs threw a curveball at us." Neel Kashkari, president and CEO of the Federal Reserve Bank of Minneapolis, addressed dozens of people during a question-and-answer session Thursday at the Hyatt Place in…
RAPID CITY— The government shutdown has made it difficult for the Federal Reserve to gain access to necessary data for monetary policy decisions, and therefore visits from fed representatives to various parts of the country have become even more important than ever, Neel Kashkari, president and CEO of the Federal Reserve Bank in Minneapolis, said on Thursday.
The following information was released by the Federal Reserve Board:. The Federal Reserve Board on Friday denied an application by Canandaigua National Corporation, of Canandaigua, New York. The firm provided a complementary activity notice to the Board proposing to engage in certain activity that would obligate it to acquire real property.
The following information was released by the Independent Institute:. The Federal Reserve has long been a target of libertariansand for good reason. The libertarian argumentvoiced by Ron Paul and othersis that the Fed, and money supply itself, should be replaced with private "sector alternatives, a development now seen with crypto.
“Since today’ s reading was close to expectations, it likely won’ t change the Fed’ s plan to continue cutting interest rates at its next two meetings,” said Ryan Young, senior economist at the Competitive Enterprise Institute, in a statement to The Center Square. Federal Reserve Chair Jerome Powell spoke in August about wanting to balance concerns about inflation…
BTC is up 7% from its local low of $103,600 reached on Oct. 17, shrugging off recent volatility, including a partial government shutdown that rattled broader markets. The Oct. 28-29 FOMC meeting carries a 99% chance of a 25- basis-point rate cut, according to the CME Group FedWatch tool, which would lower rates to 3.75%-4%. Target rate possibilities at the October 29…
RICHMOND— More than 900 federal employees have filed claims for unemployment insurance in Virginia after going on unpaid furlough during the federal government shutdown, now in its third week. Earlier this week, Virginia Secretary of Finance Steve Cummings said that the state had furloughed more than a dozen employees whose salaries are federally funded.
Some lawmakers are predicting it could become the longest, surpassing the 35 days from President Donald Trump's first term. Nevertheless, Democrats are insisting that any funding bill include help for millions of Americans who will lose health insurance coverage or face dramatically higher monthly premiums if Congress does nothing.
U.S. Senator Elizabeth Warren, Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, sent a letter to Russell Vought, Director of the Office of Management and Budget, and Mark Calabria, Chief Statistician of the United States, calling for the Trump Administration to release the September Employment Situation report before the Federal…
A U.S. District Court judge in Chicago has ordered federal immigration enforcement officers to wear body cameras while performing their duties. The Illinois Law Enforcement Training and Standards Board has announced the opening of the application period for the Fiscal Year 2026 Law Enforcement Camera Grant. The Federal Reserve Bank of Chicago says…
The following information was released by the Federal Reserve Board:. At the Council on Foreign Relations, New York, New York. Since the Federal Open Market Committee's last meeting on September 16 and 17, economic data have tended to support my view of a labor market that is softening and inflationabsent temporary tariff effectsthat is running fairly close to…
