Washington, D.C. Elizabeth Warren, Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, sent a letter to Treasury Secretary Scott Bessent and Federal Reserve Chair Jerome Powell, urging them for written confirmation that neither the Department of the Treasury nor the Federal Reserve will use taxpayer dollars to bail out cryptocurrency…
Economic News
WASHINGTON— Many Federal Reserve officials want to see inflation fall further before they would support more interest rate cuts this year, particularly if the job market continues to stabilize, minutes of last month's meeting show. The "vast majority" of the 19 participants on the Fed's rate-setting committee said that there were signs the job market has…
Federal Reserve Bank of New York President/CEO John C. Williams will address key economic and policy developments as part of the 2026 Governmental Affairs Conference. In his capacity leading the New York Fed, Williams serves as the vice chair and a permanent voting member of the Federal Open Market Committee. He has also served as president/CEO of the San…
Adam Currie, president and chief executive of First Bank of Southern Pines, has been elected as a Class A director of the Federal Reserve Bank of Richmond, Va.. First Bank is the banking subsidiary of First Bancorp, which has 113 branches in the Carolinas, including three each in Greensboro, High Point and Winston-Salem, and one each in Archdale, Denton, Mayodan and…
The national median family income for 2025 was $104,200, according to the U.S. Department of Housing and Urban Development, and the median price of an existing home sold in December 2025 was $405,400, according to the National Association of Realtors. "With more housing inventory coming online and home prices starting to level off, this remains a promising…
–Kevin Hassett, director of the National Economic Council of the United States, said Wednesday that Federal Reserve researchers who found that President Donald Trump's tariffs hit Americans hardest should face discipline over the analysis. Federal Reserve Bank of New York's researchers Mary Amiti, Christopher Flanagan, Sebastian Heise and David…
WASHINGTON— Many Federal Reserve officials want to see inflation fall further before they would support more interest rate cuts this year, particularly if the job market continues to stabilize, minutes of last month's meeting show. The "vast majority" of the 19 participants on the Fed's rate-setting committee said that there were signs the job market has…
Why now is a good time to check the interest rates you're currently paying. "With all the talk about credit card rate caps, it's a good reminder for people to check the rates across their financial life," says Joon Um, a financial planner with Secure Tax& Accounting in Beverly Hills, Calif.. Since rates started drifting down with Federal Reserve cuts in 2025, borrowers…
Nigeria's external buffers strengthened further in February 2026 as its foreign reserves climbed sharply to $48.37 billion, highlighting sustained inflows and improved liquidity conditions in the economy. Latest data from the Central Bank of Nigeria show that gross external reserves rose from $45.90 billion recorded on January 13, 2026 to $48.37…
Kevin Hassett, director of the National Economic Council of the United States, said Wednesday that Federal Reserve researchers who found that President Donald Trump's tariffs hit Americans hardest should face discipline over the analysis. Federal Reserve Bank of New York’ s researchers Mary Amiti, Christopher Flanagan, Sebastian Heise and David Weinstein,…
Benson Ringle, born and raised in Walker and a graduate of Walker-Hackensack-Akeley School, provided a brief economic update at the Feb. 3 Rotary luncheon. As a mortgage broker with supreme lending for 10 years, he addressed each of the eight factors that influence the economic environment: world events, GDP, inflation, unemployment, the Federal Reserve, bond…
Adam Currie, president and chief executive of First Bank of Southern Pines, has been elected as a Class A director of the Federal Reserve Bank of Richmond, Va.. First Bank is the banking subsidiary of First Bancorp, which has 113 branches in the Carolinas, including three each in Greensboro, High Point and Winston-Salem, and one each in Archdale, Denton, Mayodan and…
—Many Federal Reserve officials want to see inflation fall further before they would support additional interest rate cuts this year, particularly if the job market continues to stabilize, minutes of last month's meeting show. The minutes were released Wednesday, three weeks after the central bank's Jan. 27-28 meeting. Two officials— Fed governors Stephen…
The Federal Reserve issued the following speech on Feb. 17, 2026, by Governor Michael S. Barr at the New York Association for Business Economics:. What Will Artificial Intelligence Mean for the Labor Market and the Economy? Thank you for the invitation to speak to you today./ 1 Before I get into my main topic, I wanted to share my current views on the economy and monetary…
The following information was released by the Federal Reserve Board:. What Will Artificial Intelligence Mean for the Labor Market and the Economy? At the New York Association for Business Economics, New York, New York.
The EUR/USD exchange rate remained in a tight range on Monday morning as market participants reacted to the recent macro data from the United States and their implications on the Federal Reserve. The EUR/USD paid retreated slightly as investors reacted to the key macro data from the United States. A report released by the Bureau of Labor Statistics showed…
The pair will likely be volatile this week as the Federal Reserve and the Reserve Bank of Australia release minutes of their last minutes. Fed and Reserve Bank of Australia Minutes Ahead. The next key catalyst for the AUD/USD pair will be the upcoming minutes of the last meeting of the Reserve Bank of Australia.
The following information was released by Ohio State University- Columbus:. When Cleveland Federal Reserve President and CEO Beth Hammack visited The Ohio State University's Columbus campus last Wednesday, she offered students a window into the decision-making that influences the U.S. economy. She participates in the formulation of U.S. monetary policy…
The following information was released by the Federal Reserve Bank of San Francisco:. And thank you to the Silicon Valley Leadership Group and to San Jose State University for having me here. Before I go further, I will remind you that the views I express today are my own and do not necessarily reflect those of anyone else on the Federal Open Market Committee or in…
