—Federal Reserve keeps key rate unchanged even as four officials dissent, most in almost 34 years.
Economic News
WASHINGTON, DC Fannie Mae today reported its first quarter 2026 financial results and filed its First Quarter 2026 Form 10- Q with the Securities and Exchange Commission. The filing provides condensed consolidated financial statements for the quarter ended March 31, 2026. Fannie Mae's Form 10- Q for the quarter ended March 31, 2026.
Thom Tillis didn’ t blink and now a Department of Justice investigation has ended and President Donald Trump’ s nominee for Federal Reserve is about to be confirmed. “He is an outstanding nominee, and it is time for the Federal Reserve to move beyond this distraction and return its full attention to its mission,” Tillis said Wednesday in committee.
The top Democrat on the U.S. Senate Banking Committee sharply criticized President Donald Trump’ s pick to run the Federal Reserve on Wednesday, calling it part of an improper attempt to control the central bank. A vote by the full Senate to confirm Kevin Warsh to run the Fed would bring Republican Trump“ one step closer to completing his illegal attempt to seize…
—The Senate Banking Committee voted on party lines Wednesday to approve Kevin Warsh as the next chair of the Federal Reserve to replace Jerome Powell, a longtime target of President Donald Trump’ s insults for not cutting borrowing costs as far as the president wanted. The vote was 13-11, with all Republican senators voting in favor and Democrats opposed.
—Kevin Warsh, Trump's nominee for Fed Chair, heads to full Senate vote after he is approved by Senate Banking Committee.
—More jumps for oil prices sent tremors through the U.S. bond market on Wednesday, along with hints that some Federal Reserve officials don’ t want to cut interest rates any time soon. But fat profit reports from Starbucks and other big companies helped the U.S. stock market remain resilient despite that. Oil prices have jumped this week as President Donald Trump…
A federal agency says Illinois can't limit credit card swipe fees for federally chartered banks, even though a federal judge earlier this year ruled that it could. Two interim filings posted last week by the Office of the Comptroller of the Currency, an independent subsection of the U.S. Treasury Department, represent the latest twist in a two-year legislative…
Two major central bank policy meetings today, at the US Federal Reserve and the Bank of Canada, will be closely watched for detailed forecasts and hints. The most important, the Federal Reserve, will be meeting later, while the Bank of Canada will be meeting first. The Fed is expected to hold rates until December 2027, a more conservative approach driven by the energy…
The plea was announced by John P. Heekin, United States Attorney for the Northern District of Florida. We have zero-tolerance for such criminality in the Northern District of Florida and will seek maximum punishments to keep our public officials safe. " Court documents show that the Defendant made multiple online threats of violence directed at President…
The following information was released by the office of Arizona Senator Ruben Gallego:. Today, Senator Ruben Gallego, along with Senators Elizabeth Warren, Jack Reed, Mark Warner, Chris Van Hollen, Raphael Warnock, Andy Kim, and Lisa Blunt Rochester, sent a letter to Kevin Warsh, President Trump's nominee for Federal Reserve Chair, regarding his failure to…
—Jerome Powell said Wednesday he plans to remain on the board of the Federal Reserve after his term as chair ends next month“ for a period of time, to be determined,” saying the“ unprecedented” legal attacks by the Trump administration have put the independence of the nation's central bank at risk. The Senate Banking Committee earlier approved Powell’ s successor as…
The following information was released by the U.S. House of Representatives Committee on Financial Services:. The hearing focuses on ensuring capital rules are appropriately tailored, support lending and economic growth, and keep U.S. financial institutions competitive globally. "In March, the OCC, FDIC, and Federal Reserve released revised Basel III…
The following information was released by Samford University:. Samford University's Brock School of Business was well represented at the fifth annual Student Research Colloquia on Friday, April 24. Using data from the U.S. Census, Small Business Administration, Bureau of Labor Statistics and the Federal Reserve, Reyes employed a fixed-effects regression…
This week begins with housing, but the real macro story comes later: the Federal Reserve chair's press conference and the Personal Consumption Expenditures inflation report.The Case-Shiller home price index will likely confirm what Zillow's data already showed: home-price growth has cooled. Because Case-Shiller is lagged by almost two months, it should…
Mauritius was downgraded by Moody’s in July 2022 to Baa3, only one notch above sub-investment grade, but with a stable outlook. Moody’s further projected that the government deficit would decline to 4.5% in 2026/ 27, with government debt stabilizing at around 82% of GDP at June 2026 and June 2027. The fiscal deficit for 2025-26 is unlikely to fall below 7% of GDP,…
Today, the Trump Justice Department announced it is' closing' its highly-politicized probe into Federal Reserve Chairman Jerome Powell, one of several dubious investigations undertaken by the Justice Department into President Donald Trump's perceived adversaries. U.S. Senator Jack Reed, a member of the Senate Banking, Housing, and Urban Affairs Committee,…
The following information was released by the Federal Reserve Bank of Minneapolis:. The Federal Reserve Bank of Minneapolis is one of 12 regional Reserve Banks that, with the Board of Governors in Washington, D.C., make up the Federal Reserve System, the nations central bank. The Federal Reserve Bank of Minneapolis is responsible for the Ninth Federal Reserve…
The Republican senator who had effectively blocked confirmation of President Donald Trump's pick to lead the Federal Reserve says he's dropping his opposition after the Department of Justice ended its investigation of the current central bank chair. Thom Tillis of North Carolina removes a big hurdle to Trump's effort to install Kevin Warsh in the job in…
