The second has been Trump’ s challenge to the independence of the Federal Reserve system. Trump joins Richard Nixon in dangerously pressuring the Federal Reserve to engage in self-serving monetary policy. The Federal Reserve system was officially established in December 1913 during the first administration of Woodrow Wilson.
Economic News
—Federal Reserve Chair Jerome Powell defended the central bank's response to the COVID-19 pandemic Sunday in a Princeton University commencement speech in which he also praised government employees and U.S. universities, both of which have been targeted by the Trump administration. Powell and the central bank have been subject to extensive criticism in…
FAIRMONT— Monongah resident Amy Davis is on disability and Medicaid. But with the changes to Medicaid proposed by House Republicans in Washington, it’ s not herself she’ s worried about. The reason Davis is worried about how many hours her daughter can put into work is because House Republicans put forward the strictest work requirements they’ ve ever advanced as…
—European shares opened higher and Asian stocks were mixed Friday as U.S. Treasury yields eased after a rocky week due to worries in the bond market over mounting U.S. government debt. The yield of the 10- year Treasury shed 0.8% to 4.52% while the two-year yield, which more closely tracks expectations for action by the Federal Reserve, slipped 0.3% to 3.99%.
According to Feeding America, a nationwide network of food banks and meal programs, 21% of Kentucky children were considered food insecure as of 2023, amounting to more than 200,000 children. Multiple west Kentucky school districts are continuing to offer summer meal programs amid food insecurity concerns. McCracken County, Paducah, Graves County, Ballard…
THOMASTON— Stephen Lewis, President and CEO of Thomaston Savings Bank, has joined the Federal Reserve Bank of Boston's Community Depository Institutions Advisory Council. The CDIAC is comprised of 12 members located across Connecticut, Massachusetts, Maine, New Hampshire, Rhode Island and Vermont. I look forward to contributing to this amazing council and…
Supreme Court declines to reinstate independent agency board members fired by President Donald Trump
But the court suggested that it could block an attempt to fire Federal Reserve Chair Jerome Powell, who Trump has complained has not cut interest rates aggressively. The decision Thursday keeps on hold an appellate ruling that had temporarily reinstated Gwynne Wilcox to the National Labor Relations Board and Cathy Harris to the Merit Systems Protection…
The average rate on a 30- year mortgage in the U.S. climbed this week to its highest level since mid-February, a setback for home shoppers that threatens to slow sales further this spring homebuying season. Mortgage rates are influenced by several factors, including global demand for U.S. Treasurys, the Federal Reserve’ s interest rate policy decisions and bond…
No one ever accused Donald Trump of knowing much about the economy. That fact comes through loud and clear in his tax cut proposals. These were exempting tips, Social Security, and overtime pay from taxes, and also making the interest on auto loans tax deductible.
·Bagudu to World Bank: Nigeria's economic reforms on track. Besides, he stated that the sector witnessed massive growth under President Bola Tinubu, attracting $191 million in Foreign Direct Investment in Q1 2024– a ninefold increase from $22 million in Q1 2023.. Also, yesterday, analysts predicted a hold on monetary policy tools as the Monetary Policy…
On April 5, 2025, the Federal Reserve Bank of St. Louis Economic Policy Uncertainty Index, which provides a daily uncertainty index based on news, forecasting, and tax codes for the United States, reported its highest score in the past 12 months. In this context, uncertainty means a situation where the outcomes are increasingly hard to measure.
Near the end of the legislative session, the Indiana General Assembly received a troubling revenue forecast predicting a $2.5 billion dollar revenue shortfall. High interest rates set by the Federal Reserve and other policies out of our control also continue to have an impact. A recent report from the Bureau of Labor Statistics and Bureau of Economic…
Federal Reserve officials said on Tuesday that higher prices are coming on the back of rising U.S. import tariffs and counseled patience before making any interest rate decisions before it is clear whether the inflation shock will be fleeting or more persistent. And we are hearing from an increasing number of businesses that those strategies… are starting to…
MFA President and CEO Bryan Corbett issued the following statement in response to Securities and Exchange Commission Chairman Paul Atkins' announcement that the Commission will reevaluate the longstanding staff position that limits closed-end funds from investing more than 15% of their assets in private funds:. —MFA President and CEO, Bryan Corbett.
ImmunoPrecise Antibodies Ltd. a leader in AI-driven biotherapeutics, today announced that Dr. Jennifer Bath, CEO of ImmunoPrecise Antibodies Ltd., will be presenting at the Maxim Group’ s virtual conference:. Maxim Group is a registered broker-dealer with the U.S. Securities and Exchange Commission and the Municipal Securities Rulemaking Board and is a…
Even the need for transition- just to be clear- has only just begun to be recognised in the U.S.. For, as Greek Economist Yanis Varoufakis points out, the reality of the western situation and the need for transition was clearly spelled out by Paul Volcker, former chair of the Federal Reserve, as long ago as 2005.. "What holds together the globalist system is a massive and…
Shares in China's CATL, the world's largest maker of electric batteries, jumped about 13% in its Hong Kong trading debut after it raised about $4.6 billion in the world’ s largest IPO this year. Its shares traded in Shenzhen, mainland China's smaller share market after Shanghai, edged 0.1% higher after dipping earlier in the day. China's central bank made its first…
New Hampshire became the first state this month to authorize a strategic bitcoin reserve. Consider the stark reality: As of May, the national debt has surpassed $36.2 trillion, according to U.S. Treasury data. The Congressional Budget Office projects that interest payments will reach $952 billion in 2025, exceeding the government's spending on Medicare and…
The decision, according to the Central Bank, was reached following the quarterly Monetary Policy Committee and Financial Stability Committee meeting. ALSO READ: Central Bank explains decision to hold interest rate steady. Nsengiyumva argued that Rwanda's exposure to recent global trade disruptions, including U.S. tariffs and rising geopolitical…
