The following information was released by the Cato Institute:. With Jay Powell's term as Federal Reserve chair ending, commentary on America's central banker has already descended into ridiculous hagiography. He certainly faced testing circumstances, including a once-in-a-century pandemic, America's lurch to protectionism, and conflicts in Ukraine and…
Economic News
Expro Group Holdings N.V. filed its definitive proxy statement on April 21, 2026 with the Securities and Exchange Commission in connection with Expro’ s proposal to redomicile from the Netherlands to the Cayman Islands. On June 3, 2026, Institutional Shareholder Services, a proxy advisory firm, revised its initial recommendation regarding the proposal to…
The following information was released by the Federal Reserve Bank of Minneapolis:. This is the 10th cohort of researchers hosted by the Opportunity and Inclusive Growth Institute. The Opportunity and Inclusive Growth Instituteannounced the visiting scholars selected to conduct research while in residence at the Federal Reserve Bank of Minneapolis for…
The following information was released by the Federal Reserve Bank of Dallas:. Dallas Fed President Lorie Logan delivered these remarks prior to a moderated conversation at The University of Texas at El Paso. In my travels, I have many opportunities to thank people for welcoming me to their communities, and the welcome is never warmer than in El Paso.
WASHINGTON- Federal Reserve Chairman Kevin Warsh pledged to follow "the best of the Fed's traditions" in an opening note to the central bank's more than 20,000 employees as he starts his four-year term, while also promising a broad look at what might be done differently. Daniel Heil is a policy fellow at Stanford University's Hoover Institution, where Warsh also…
"Over this same period, food prices have been steadily increasing," said Joshua Berning, a Colorado State University food economist. Grocery costs have risen 25.2% since February 2020, when pandemic restrictions began disrupting the global food supply, Bureau of Labor Statistics figures show. Mr. Berning cited multiple drivers: the war in Ukraine and the…
According to news reporting from Ypsilanti, Michigan, by NewsRx journalists, research stated,“ Krishnamurthy and Lustig propose a convenience yield monetary policy channel, whereby Federal Reserve decisions affect global financial variables through their effect on the convenience yield of dollar-denominated safe assets.”. The news correspondents…
President Trump said Tuesday he was appointing Bill Pulte as acting director of national intelligence to replace Tulsi Gabbard. Pulte currently serves as director of the Federal Housing Finance Agency and chairman of Fannie Mae/Freddie Mac, which supports mortgage markets. Last year, Pulte accused Federal Reserve Board of Governors member Lisa Cook of…
This is a worthy goal that should be paired with Congress ending the Fed's ability to pay interest on reserves. In fact, Warsh will face resistance by some members of the Federal Open Market Committee who mistakenly argue that maintaining a large balance sheet and the IOR framework are necessary and costless. In February 2025, at the Bank of England, Dallas Fed…
Kreg Weigand has been named general auditor and a senior vice president by the Board of Directors of 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…
2026 JUN 02– By a News Reporter-Staff News Editor at NewsRx Policy and Law Daily– Research findings on Economics are discussed in a new report. According to news originating from Hangzhou, People’ s Republic of China, by NewsRx correspondents, research stated,“ In China’ s open market operations, the central bank selects a group of commercial banks each year to serve…
In his eight years as chairman of the Federal Reserve, Jerome Powell faced a variety of economic challenges, from double-digit unemployment during the pandemic to the highest inflation in four decades. But Powell's tenure may be best remembered for the way he stood up to political pressure from President Trump. SCOTT DETROW, BYLINE: Jerome Powell was presented…
Editor's note: The following was written by David Oppedahl and Elizabeth Kepner with the Federal Reserve Bank of Chicago for the May AgLetter. Demand to purchase farmland was lower in the three- to six-month period ending with March 2026 than in the same period ending with March 2025. For 2026, average annual cash rents for farmland were up 2% in Indiana, but down…
Desmond Lachman: New challenges for a new Federal Reserve
We have to wonder whether the same might be said of Donald Trump and the new Federal Reserve Chair Kevin Warsh's plans for the Fed under new leadership. The second is coming from the current U.S. bond market rout. Little wonder then that we have seen a 60% surge in international oil prices to around $100 a barrel and a more than 50% increase in world fertilizer prices.
Mortgage rates have risen since the U.S. war with Iran began, as gas prices jumped. Markets are currently projecting that the Federal Reserve will vote to leave overnight borrowing rates unchanged at its June 16-17 meeting. The Federal Reserve typically releases a summary of economic projections four times a year.
In one of his first major appearances since ending his stint as chairman of the Federal Reserve, Mr. Powell accepted the John F. Kennedy Profile in Courage Award on Sunday night. Kevin Warsh, who was selected by Mr. Trump, replaced Mr. Powell as Fed chairman. Mr. Trump, during his first term as president, appointed Mr. Powell to the chairman post.
The following information was released by the Federal Reserve Board:. President Kennedy was an inspiring public servant who demonstrated compassion, grace, ingenuity, and courage during trying times. I am one of the many whom President Kennedy inspired to serve the public.
Former Federal Reserve Chair Jerome Powell used one of his first major public appearances since leaving office to defend independent institutions while accepting an award Sunday honoring his efforts to preserve the central bank's independence. Speaking at the John F. Kennedy Presidential Library overlooking Boston Harbor, Powell called universities,…
Massachusetts- based Agero, a provider of digital driver assistance services and software for major. Based on the 2,196,934 shares outstanding as of March 12, according to a Securities and Exchange Commission filing, the deal was valued at roughly $12 million. Abigail Spanberger announced $2.48 million in strategic investments through the Commonwealth's…
