Economic News

Newswires RSS Get our newsletter

John Kennedy of Louisiana demanded an explanation from a high-ranking Federal Reserve official about debanking conservatives during a Thursday hearing. President Donald Trump chewed out Bank of America CEO Brian Moynihan in January 2025 over the company's alleged "debanking" of conservatives for their political beliefs during a speech at the World…

U.S. mortgage rates have finally fallen below 6%. After the lows of the pandemic years, when the average mortgage was closer to 2.5%, the Federal Reserve began raising interest rates, and mortgage rates surged along with them. Last month, President Trump ordered Freddie Mac and Fannie Mae, which guarantee and package mortgages for investors, to purchase $200…

The drop followed a decline in the benchmark 10- year U.S. Treasury yield after the U.S. Supreme Court on Friday struck down President Donald Trump's sweeping tariffs, which he had pursued under a law meant for use in national emergencies. The 30- year fixed-rate mortgage tracks the 10- year Treasury yield. Trump ordered the Federal Housing Finance Agency- which…

In this week's episode we cover the Supreme Court's recent decision on tariff powers, myths of the Great Recession, and fiduciary duty for asset managers in Oklahoma. Our guest this week is Spence Purnell of the R Street Institute. Free the Economy Episode 161: What's Wrong with Congress with Kevin Kosar.

U.S. Senator Chirs Van Hollen joined Senators Angela Alsobrooks, Senate Minority Leader Chuck Schumer, Senate Banking Committee Ranking Member Elizabeth Warren, Senate Finance Committee Ranking Member Ron Wyden, and colleagues in demanding answers from White House National Economic Council Director Kevin Hassett following his suggestion that Federal…

The following information was released by the Federal Reserve Board:. GSIBs are the largest and most complex banking organizations headquartered in the U.S. As of February 2026, eight U.S. banking organizations were included in the GSIB supervisory program:. The Bank of New York Mellon Corporation.

2026 FEB 26– By a News Reporter-Staff News Editor at CDC& FDA Daily– Investigators publish new report on CDC and FDA. The news reporters obtained a quote from the research from Federal Reserve Bank,“ After constructing comparable samples and WFH measures across surveys, we find that the surveys show broadly similar trends in the trajectory of aggregate WFH since…

2026 FEB 26– By a News Reporter-Staff News Editor at NewsRx COVID-19 Daily– Current study results on Coronavirus- COVID-19 have been published. Our news editors obtained a quote from the research from Federal Reserve Bank,“ By examining the mean, volatility, and skewness of these distributions, we document how expectations have evolved since the onset of the…

The average long-term U.S. mortgage rate slipped this week below 6% for the first time since late 2022, good news for home shoppers as the spring home-buying season gets rolling. They generally follow the trajectory of the 10- year Treasury yield, which lenders use as a guide to pricing home loans. The 10- year Treasury yield was at 4.02% at midday Thursday, down…

South Carolina's hospitality sector faces a persistent challenge: attracting and retaining quality staff in an industry known for high turnover. According to the Bureau of Labor Statistics, only 27% of hospitality workers have access to employer-sponsored health insurance, compared to 69% across all private industries. For businesses operating in…

Mortgage rates are one of the most influential drivers of the U.S. housing market dynamic, but they are often misunderstood. Splitero has compiled mortgage rate insights from Freddie Mac, U.S. Federal Housing data, the Bureau of Labor Statistics, and Federal Reserve Economic data to examine how mortgage rates have changed and break down what it means for buyers…

All things being equal, this is a market that I think is trying to break above the $5,200 level, an area that has been important in the past. The $5,000 level is an area where a lot of people are going to be paying attention. More specifically, the Federal Reserve and interest rates in the United States, both looking somewhat dovish, I think that provides yet another…

2026 FEB 25– By a News Reporter-Staff News Editor at Education Daily Report– Researchers detail new data in Pediatrics. According to news originating from Boston, Massachusetts, by NewsRx correspondents, research stated,“ Despite the introduction of an array of innovations and new payment options for consumers over the last decade, income and demographics…

At "The Great Realignment: Navigating AI, Demographic, and Geoeconomic Shifts," 42nd Annual NABE Economic Policy Conference, Washington, D.C.. In the two decades before I became a Federal Reserve governor, I studied and contributed research to the economics of innovation and used machine learning in my research. At the Federal Reserve, we hold ourselves to the…

At the Federal Reserve Bank of Boston 2026 Technology-Enabled Disruption Conference: Shaping the Future of Finance and Payments, Boston, Massachusetts. And I am here to tell you that the Federal Reserve is no different. Now most people associate the Federal Reserve with monetary policyinterest rates, inflation, and the decisions that make headlines when Fed…

If confirmed, Kevin Warsh will take over the Federal Reserve at a time of radical new challenges for central bankers. U.S. unemployment at 4.3% is reasonably low, but one-quarter of the jobless have been seeking positions for more than six months. Mr. Warsh and others characterize this as an excessive increase in the Fed’ s footprint in the economy and something…