Topline: The planned renovation of the Federal Reserve's office buildings will cost $2.5 billion and include rooftop gardens, skylights, water displays and more, according to planning documents reviewed by the New York Post. Key facts: Construction will focus on the Marriner S. Eccles Building and Federal Reserve Board-East buildings in downtown Washington,…
Economic News
The latest Consumer Price Index for May shows year-over-year U.S. inflation rate at 2.4%. President Donald Trump has touted the easing government inflation figures, noting his tariffs have not pushed prices as warned. Housing costs and homeowners' insurance are particularly painful— rebuilding costs and climate risk keep driving premiums up, "said Robert…
Close Federal Reserve watchers have a message for anyone who thinks the next leader of the U.S. central bank will deliver lower borrowing costs on a silver platter: Don't count on it. While it's an unlikely outcome, some investors have staked out positions in futures markets that will profit if interest rates drop immediately after Jerome Powell's term as chair…
His threats to terminate Federal Reserve Chair Jerome H. Powell if Powell doesn't cut interest rates are motivated by one simple desire: to make it cheaper for the administration to add about $4 trillion to the federal debt. In a public event promoting the $4 trillion Republican budget bill, he spelled out his wishes even more clearly: "We have to work hard with cuts…
PORT ANGELES— First Fed Bank on Wednesday announced that President and Chief Executive Officer Matthew P. Deines have "mutually agreed" to his resignation effective Saturday according to a press release on the company's website. He previously held leadership roles at Liberty Bay Bank and Sound Community Bank. First Fed Bank is a wholly owned subsidiary of…
While the changes won't kick in for more than a year, Virginia lawmakers are already preparing for the transformation of the state's health care landscape. Democrats have warned that over 322,000 Virginians could lose health insurance, based on a state-by-state breakdown from the U.S. Senate's Joint Economic Committee and previous CBO estimates released…
Mr. Moreno has been critical of Mr. Powell for weeks and has tried to recruit his fellow senators to force the Federal Reserve chairman out. Tommy Tuberville of Alabama and Rick Scott of Florida have also called for Mr. Powell to step down. At a Senate Banking Committee hearing last month, Mr. Moreno questioned Mr. Powell about why he has not supported the lowering of…
A new article at The Wall Street Journal cites a recent report from the central bank branch, positing that mass deportations will be an "economic drain" on the American economy. Consider an economic paper published Tuesday by the Federal Reserve Bank of Dallas.' Our analysis,' the authors say,' raises the concern that a sharp tightening of immigration policies has…
Cantor Equity Partners, Inc., a special-purpose acquisition company sponsored by an affiliate of Cantor Fitzgerald, and Twenty One Capital, Inc., a newly formed entity focused exclusively on Bitcoin-related business lines that, among other things, offer shareholders a differentiated opportunity to gain exposure to Bitcoin through the equity markets,…
—The White House is escalating its pressure campaign to get the Federal Reserve chairman to either lower interest rates or quit his post by targeting the expensive renovation at the central bank’ s headquarters. The latest step came Thursday when Russ Vought, Trump’ s top budget adviser, sent a letter to Federal Reserve Chairman Jerome Powell saying the…
The latest Consumer Price Index for May shows year-over-year U.S. inflation rate at 2.4%. President Donald Trump has touted the easing government inflation figures, noting his tariffs have not pushed prices as warned. Housing costs and homeowners' insurance are particularly painful— rebuilding costs and climate risk keep driving premiums up, "said Robert…
WASHINGTON- It is an unwritten rule that Treasury secretaries avoid interfering with the workings of the Federal Reserve. The Fed is an independent institution, one that most policymakers believe benefits the economy by being shielded from the winds of politics. Bessent has said he likes the Treasury role and will do whatever job Trump wants.
French Hill, R- Ark., introduced the Digital Asset Market Clarity Act of 2025 in May, which would give the Commodity Futures Trading Commission oversight authority for cryptocurrency assets like blockchain and the Securities and Exchange Commission oversight for crypto securities. The House Financial Services Committee designated the week of July 14 as "…
2025 JUL 09– By a News Reporter-Staff News Editor at CDC& FDA Daily– New research on CDC and FDA is the subject of a report. According to news reporting from St. Louis, Missouri, by NewsRx journalists, research stated,“ The Federal Reserve currently implements its interest rate policy under a framework known as the floor s ystem. The news correspondents obtained a quote…
Paramount Group, Inc. announced today that it will file its quarterly report on Form 10- Q for the quarter ended June 30, 2025 with the U.S. Securities and Exchange Commission and release its second quarter 2025 financial results on Wednesday, July 30, 2025 after the end of trading on the New York Stock Exchange. An audio replay of the conference call will be…
A report from the Federal Reserve Bank of Dallas has revealed that there was a slight contraction in oil and gas activity in New Mexico, Texas, and Louisiana as companies reacted to an increase in steel tariffs. The Dallas Fed survey found that the current administration’s tariff war with China and several other nations is already having a tangible […]
Most of these countries will be subject to tariffs exceeding 20% starting from August 1, unless they reach a deal with the United States. Fortunately for the UK, its government reached a limited agreement with the US in May. The US dollar index rose to $97.6, up from last month’ s low of $96, while American equities dropped for the second consecutive days.
Come Dec. 31, 2025, every dollar sent by Caribbean nationals to their families in Jamaica, Dominican Republic, Haiti, and the rest of the Caribbean region will be subject to a 1% tax increase, adding to the roughly 6% in fees charged by money transfer companies. This is because of the "One Big Beautiful Bill Act," which Congress passed last weekend in Washington and which…
According to news reporting out of Dallas, Texas, by NewsRx editors, research stated,“ To better understand the stalled progress of women in economics, we construct new data on women’ s representation and research output in one of the largest policy institutions-the Federal Reserve System.”. For more information on this research see: Gender Gaps In the Federal…
