Economic News

In his July 4, 1832 veto of the renewal of the Second Bank of the United States President Andrew Jackson made these statements:. The Second Bank of the United States worked differently than the Federal Reserve, and Jackson spent a good amount of time railing against the fact the BUS sold stock to foreign investors– something that cannot happen with the Federal…

During Kevin Warsh's swearing-in as chair of the Federal Reserve, President Donald Trump told the new chair to be "independent" and "don't look at me, don't look at anybody, just do your own thing and do a great job." "For the Fed to cut rates, they would likely need to see some new negative shock to the job market, whether that be worsening of the Mideast conflict or some of…

During Kevin Warsh's swearing-in as chair of the Federal Reserve, President Donald Trump told the new chair to be "independent" and "Don't look at me, don't look at anybody, just do your own thing and do a great job." The Fed typically lowers rates in response to concerns about the labor market to make borrowing cheaper and help stimulate the economy.

Rising inflation, continued uncertainty with the war in Iran despite the announcement of a peace deal and other central banks moving to increase their interest rates may complicate the path forward, experts say. Federal Reserve Kevin Warsh, who is overseeing his first Federal Open Market Committee, or FOMC, meeting on Tuesday. The Fed has strongly signaled it…

—U.S. stocks slumped Wednesday on speculation the Federal Reserve may hike interest rates this year to keep a lid on inflation. In his first press conference as head of the U.S. central bank, Warsh said he’ s also considering a revamp of how the Fed communicates with financial markets and U.S. households and businesses. Warsh said he wants Wall Street to react to…

—The Federal Reserve kept its key rate unchanged Wednesday yet almost half the central bank’ s policymakers said they could support a rate hike later this year. The unexpectedly aggressive tilt toward higher rates would disappoint President Trump and suggests heightened concerns about persistent inflation among Fed officials. The brief statement…

But it is merely the most vivid illustration of a U.S. trend that has been accelerating since 2022.. The richest 1% of Americans held nearly a third of the country's total wealth at the end of 2025, the largest percentage the Federal Reserve Board has recorded since it started monitoring the numbers in 1989. Today's top 1% consists of about 1.4 million households…

The following information was released by the Appraisal Institute:. Federal Reserve economist David Glancy's paper "Pretend or Amend? Using supervisory data from large U.S. banks covering 20162025, the paper analyzes how lenders handled maturing CRE loans during the recent period of higher interest rates, declining office values, and banking-sector…

WASHINGTON- New Federal Reserve Chairman Kevin Warsh has talked at length in recent years about the U.S. central bank's balance sheet, the need to say less about interest rates and why it should not dip into issues like climate change. What might have been otherwise temporary price shocks, triggered by the Trump administration's import tariff hikes and…

—Ever since Kevin Warsh was nominated by President Trump in late January to lead the Federal Reserve, a question has lingered: Will he seek to raise interest rates to tame inflation or cut them as Trump has long demanded? “We expect the press conference to be pivotal,” Jonathan Pingle, an economist at investment bank UBS, wrote in a note.“ This will be Kevin Warsh’ s first…

Mr. Pulte has served as director of the Federal Housing Finance Agency, where he referred New York Attorney General Letitia James and Federal Reserve Board member Lisa Cook to the Department of Justice for mortgage fraud charges, drawing fire from Democrats. “I have to assume the president realizes that Pulte has caused a political problem between the Congress…

Bringing it home: On Friday, 3rd District Congressman Frank Lucas chaired an Oklahoma City field hearing of his House Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity emphasizing the regional responsiveness of the Federal Reserve's 12 banks. "By design, each district brings to the table its own perspective– our nation has many…

Mayor Quinton Lucas filed a resolution this week that would begin a process known as receivership on the former Federal Reserve Building, 925 Grand Blvd., a legal maneuver aimed at dealing with blighted properties by prompting action from current owners or ordering control over the property to change hands. Once the tallest building in Missouri at nearly 300…

WASHINGTON- Rising gas prices pushed inflation to its highest level in three years last month, a headache for the Federal Reserve and a potential political challenge for the Trump administration as midterm elections near. Consumer prices rose 4.2% in May from a year earlier, the Labor Department said Wednesday, up from 3.8% in April and the third straight…

The following information was released by the Federal Reserve Bank of Minneapolis:. Three community bank experts were appointed to an advisory council this spring by Federal Reserve Bank of Minneapolis President and CEO Neel Kashkari. The Federal Reserve Bank of Minneapolis is one of 12 regional Reserve Banks that, with the Board of Governors in Washington,…

At a time when its public debt is already on a clearly unsustainable path, the French economy is being hit by an Iran- induced energy price shock, rising European Central bank interest rates, a slowing European economy, and heightened political uncertainty about France's political willingness to deal with its public finance problem. Years of deficit spending…

Today, the House Financial Services Committee is holding a Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity field hearing, led by Task Force Chairman Frank Lucas, titled "Examining the Structure of the Federal Reserve System." "Today's field hearing of the Task Force on Monetary Policy, Treasury Market Resilience, and Economic…

The following information was released by the Cato Institute:. New Federal Reserve chair Kevin Warsh wants to make fundamental reforms to the central bank. Only a $475 billion bailout from the Treasury Department kept the biggest banks from failing and avoided complete financial collapse.