First and foremost, economic policy in The Gambia is determined by the Government of The Gambia, led by the President and implemented through institutions such as the Ministry of Finance and Economic Affairs and the Central Bank of The Gambia. The IMF does not govern The Gambia, nor does it impose policies in the way many citizens sometimes believe.
Economic News
—Federal Reserve keeps rates steady, projects one rate cut this year and sees limited economic impact from Iran war.
A proposal to temporarily increase a state tax on health insurance premiums to help cover a $1 billion shortfall in the state budget will impact Wellmark Blue Cross and Blue Shield, the state's largest health insurer, much less than the company originally feared, Wellmark officials and state administration leaders said. Kim Reynolds' administration has…
On Sunday, United States Senator Bill Hagerty, a member of the Senate Foreign Relations Committee and former U.S. Ambassador to Japan, joinedSunday Morning Futures with Maria Bartiromoon Fox Business to discuss U.S.- Japan cooperation, election integrity legislation, and the nomination of Kevin Warsh to lead the Federal Reserve. Hagerty on Japan's role and U.S….
—Federal Reserve officials expect the Iran war will worsen inflation this year while having little impact on economic growth, but they still expect to cut their key rate once in 2026.. In a statement, the central bank said that the“ implications of developments in the Middle East for the U.S. economy are uncertain.”. Still, by keeping their forecast for a rate cut this…
2026 MAR 17– By a News Reporter-Staff News Editor at Robotics& Machine Learning Daily News Daily News– Investigators publish new report on Artificial Intelligence. For more information on this research see: Artificial Intelligence and Technological Unemployment. Journal of Monetary Economics, 2026; 158. Journal of Monetary Economics can be contacted at:…
The Federal Reserve Bank of St. Louis is seeking high school seniors to serve on its Student Board of Directors for the 2026– 27 school year. The program offers students an opportunity to learn about the Federal Reserve and its role in the U.S. economy. Students selected for the program are expected to attend meetings, complete assigned work and present…
The office of the U.S. Attorney for the Northern District of Florida posted the following news release:. John P. Heekin, United States Attorney for the Northern District of Florida, announced the charges today. The case was investigated by the Federal Bureau of Investigation, the United States Capitol Police, the Federal Reserve Board Protective Service, and the…
A bill advancing rapidly in the Iowa House would make a one-time tax increase on some health insurers and draw money from the Taxpayer Relief Fund to address the state's Medicaid shortfall. The bill would also include a $296.2 million transfer from the state's Taxpayer Relief Fund to account for state revenue declines caused by changes made through the…
According to news reporting originating in Ankara, Turkiye, by NewsRx journalists, research stated,“ This paper examines the spillover effects of the U.S. Federal Reserve and the European Central Bank monetary policies on Turkiye, providing broader lessons for emerging markets.”. The news reporters obtained a quote from the research from Hacettepe University,“…
The following information was released by the Cato Institute:. President Trump has formally nominated Kevin Warsh to succeed Jerome Powell as chair of the Federal Reserve, whose term expires in May. But a confirmation hearing is one of the few opportunities for Congress to put a nominee on record before handing them this consequential economic policy role.
TWO, an MSR-focused REIT, today adjourned its Special Meeting of Stockholders in order to provide additional time for stockholders to vote and to solicit additional proxies to vote in favor of TWO’ s acquisition by UWM Holdings Corporation. The Special Meeting was adjourned until March 24, 2026 at 11:00 a.m. Eastern Time. Securities and Exchange Commission,…
Kraken Financial, a digital bank owned by Payward, has acquired a Federal Reserve master account. Kraken is the first digital asset bank to gain access to the reserve's payment infrastructure, according to a press release. The bank can use the account to connect to U.S. payment rails such as Fedwire without intermediaries. With a Federal Reserve master account, we…
Iowa House lawmakers are advancing legislation that would place a temporary tax increase on some health insurance companies in the state— matching a similar legislative proposal moving in the Senate. The House bill, like its Senate counterpart, would temporarily increase the tax on health insurance premiums from 0.925 percent to 3 percent to help the state…
If you’ re wondering why there are tax increases on top of tax increases this year, coming soon to a ballot near you if you haven’ t seen them already, one reason is Medi-Cal spending. In California, 14.5 million people are on Medi-Cal, the safety-net health insurance program for low-income people. A new report from the Legislative Analyst’ s Office warns that Medi-Cal…
The following information was released by the Federal Reserve Board:. The Federal Reserve Board on Friday announced the execution of the enforcement actions listed below:. Former employee of Equity Bank, Andover, Kansas.
WASHINGTON— A federal judge on Friday quashed Justice Department subpoenas issued to the Federal Reserve in January, a severe blow to an investigation that already attracted strong criticism on Capitol Hill. The investigation into testimony last June by Chair Jerome Powell about a $2.5 billion building renovation also delayed Senate consideration of…
A federal judge put the brakes on the Justice Department's criminal probe of the Federal Reserve, saying it was part of an improper campaign by the Trump administration to pressure the central bank into cutting interest rates more aggressively. At the time, Fed chairman Jerome Powell had called that a pretext. Thom Tillis, R- N.C., praised the decision.
A federal judge in Washington threw a major roadblock into a criminal investigation of Jerome Powell, the Federal Reserve chair, quashing grand jury subpoenas issued to the central bank by federal prosecutors over renovations underway at its headquarters in Washington. In a blistering 27- page decision unsealed Friday, the judge, James E. Boasberg, derided…
