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Economic News

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Reports Summarize Engineering Study Results from Federal Reserve Bank (Improving Data for Managing Cyber Risk and Building Resilience): Engineering

May 4, 2026

2026 MAY 04– By a News Reporter-Staff News Editor at NewsRx Policy and Law Daily– Investigators discuss new findings in Engineering. For more information on this research see: Improving Data for Managing Cyber Risk and Building Resilience. Journal of Operational Risk, 2026; 21. Journal of Operational Risk can be contacted at: Incisive Media, Haymarket House, 28-29…

Findings from Georgetown University Broaden Understanding of Economics (The Constitutional Money Problem): Economics

May 4, 2026

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…

NEWS: BLUNT ROCHESTER JOINS GALLEGO, ALSOBROOKS, AND COLLEAGUES IN PRESSING FED NOMINEE KEVIN WARSH ON CONTRADICTORY TESTIMONY

May 4, 2026

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…

Will Trump give wannabe homebuyers the relief they need?

May 4, 2026

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%…

Kevin Warsh has no good reason to lower rates

May 4, 2026

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…

Dauby elected to the Board of Directors of the Federal Reserve Bank of St. Louis

May 3, 2026

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…

Fed leaders: Rates might need to rise Fed should ditch rate-cut lean because of oil shock, policymakers say

May 2, 2026

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…

Oil surged, and so did the markets

May 2, 2026

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.

New Economics Findings Reported from Columbia University (Regionalism and the Federal Reserve Banks): Economics

May 1, 2026

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.”.

Trump fumes as Jerome Powell plots future at Federal Reserve

May 1, 2026

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…

Kashkari: Fed may need to raise rates if Strait of Hormuz stays closed

May 1, 2026

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…

High gas prices eating into Texans’ budgets, fueling inflation

May 1, 2026

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…

CBL Holds Policy Rate At 16.25 Percent As Liberia's Economy Grows Amid Rising Global Risks

May 1, 2026

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…

Treasurer David McRae Urges Federal Reserve to End Debanking

May 1, 2026

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…

Powell to remain as governor at Fed UPDATE 2-Powell to remain at Fed amid legal 'battering' by Trump administration

May 1, 2026

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…

Studies from International Monetary Fund Add New Findings in the Area of Investment (Has the Transmission of Us Monetary Policy Changed Since 2022?): Investment

April 30, 2026

2026 APR 30– By a News Reporter-Staff News Editor at Economics Daily Report– Current study results on Investment have been published. According to news originating from Washington, District of Columbia, by NewsRx correspondents, research stated,“ Activity and inflation responded slowly to the Federal Reserve’ s rate hikes in 2022. Our news journalists obtained…

Oil prices keep spurting higher, but US stocks hold near their records

April 30, 2026

NEW YORK— 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…

Unorthodox leadership change at the Fed: Warsh on deck while Powell remains

April 30, 2026

—President Trump's pick to lead the Federal Reserve, Kevin Warsh, has said he wants to bring“ regime change "to the central bank, but if confirmed by the Senate he will find a Fed already transformed by the White House's attacks. Outgoing chair Jerome Powell— who announced he will remain on the board of governors for a“ period of time, to be determined”— has also shown a new…

Average US long-term mortgage rate rises to 6.3%, ending a 3-week slide

April 30, 2026

The average long-term U.S. mortgage rate rose this week, pushing up borrowing costs for prospective homebuyers in the midst of the spring homebuying season. This week’ s uptick in the average rate on a 30- year home loan follows a rise in the yield on U.S. 10- year Treasury bonds, which lenders use as a guide to pricing home loans. The 10- year Treasury yield was at 4.39%…

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