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Today, Senator Jim Banks met with President Trump's nominee to serve as the next Chairman of the Federal Reserve, Kevin Warsh. Senator Jim Banks:: " The Fed needs to focus on bringing down costs and lowering the high interest rates that are hitting working families. That's why I'm proud to support President Trump's nominee Kevin Warsh who has the experience to help…

The following information was released by Texas Senator Ted Cruz:. "Although this legislation prevents the Federal Reserve from issuing a central bank digital currency, it only pauses the development until December 31, 2030. My Anti-CBDC Act takes the correct approach by permanently prohibiting the Federal Reserve from ever issuing a CBDC, directly or…

—Worries about the war with Iran sent oil prices back to $100 per barrel and stocks sinking worldwide. Treasury yields climbed in the bond market on worries about higher inflation and fewer cuts to interest rates by the Federal Reserve. NEW YORK— With no clear end in sight, the war with Iran sent oil prices back to $100 per barrel on Thursday, and stocks sank worldwide.

Iowa House lawmakers are advancing legislation that would place a temporary tax increase on some health insurance companies in the state— matching a similar proposal moving in the Senate. The House bill, like its Senate counterpart, would temporarily increase the tax on health insurance premiums from 0.925% to 3% to help the state cover increasing Medicaid…

In addition to the tax increase, which lawmakers estimated would provide the state $173 million in one-time funds and $61 million in the years following, the bill also would route $70.3 million from the state General Fund to the Iowa Department of Health and Human Services for the state's Medicaid program. Green said the "One Big Beautiful Bill" Act approved by…

DENVER, CO and IRVING, TX—- FirstSun Capital Bancorp and First Foundation Inc. today jointly announced the receipt of regulatory approval from the Board of Governors of the Federal Reserve System to complete the proposed merger of First Foundation with and into FirstSun. FirstSun and First Foundation expect to close the merger on April 1, 2026, subject to the…

The following information was released by the U.S. Senate Committee on Banking, Housing, and Urban Affairs:. Washington, D.C. U.S. Senator Elizabeth Warren, Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, and Representative Maxine Waters, Ranking Member of the House Financial Services Committee, sent a letter to Michelle Bowman, Vice…

The Bureau of Labor Statistics said the Consumer Price Index rose 0.3% in February compared to 0.2% in January. The report aligned with expectations on Wall Street and is unlikely to have a big impact at the Federal Reserve, which is expected to hold interest rates steady when it meets next week. Oil prices rose after Mr. Trump bombarded Iran in joint strikes with…

The news correspondents obtained a quote from the research from the University of Minnesota,“ The central bank’ s type varies according to a Markov process, and its reputation is the Bayesian posterior of households that it is a hawkish type. For more information on this research see: Central Bank Reputation With Noise. Journal of Monetary Economics, 2026; 158….

Upstart Holdings, Inc., the leading artificial intelligence lending marketplace, today announced its plan to submit an application to the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation to establish an insured national bank, Upstart Bank, N.A. Upstart Holdings, Inc. will also apply to the Federal Reserve for approval…

The news reporters obtained a quote from the research from Skidmore College,“ This approach expands the traditional approach of focusing on the U.S. Federal Reserve monetary policy and transforms the learning experience to include central banks from other countries and economic blocs.”. For more information on this research see: Semester-long Central…

2026 MAR 09– By a News Reporter-Staff News Editor at Economics Daily Report– Researchers detail new data in Investment. Our news journalists obtained a quote from the research from the Federal Reserve Bank of Chicago,“ The model is then linearized with respect to that vector. The news correspondents report that additional information may be obtained from…

Our news journalists obtained a quote from the research from the University of Kentucky,“ Further, we document a disparate impact on low-income borrowers and in areas with less lending competition. For more information on this research see: Consumer Credit and the Incidence of Tariffs: Evidence From the Auto Industry. American Economic Review, 2026; 116:…

This week’ s economic calendar includes several important housing reports, including existing home sales, housing starts, and building permits. But the most consequential releases are likely to be the first reading on February consumer inflation and the delayed January report on personal consumption expenditures, or PCE, the Federal Reserve’ s preferred…

A proposal to temporarily increase a state tax on health insurance premiums to help cover a $1 billion shortfall in the state budget will impact Wellmark Blue Cross and Blue Shield, the state's largest health insurer, much less than the company originally feared, Wellmark officials and state administration leaders said Thursday. Kim Reynolds'…

The following information was released by the NACHA- The Electronic Payments Association:. According tothe Federal Reserve, "Checks are vulnerable to fraud because checks can be stolen, altered, or forged." And, according to the Association for Financial Professionals, "Checks continue to be the payment method most often subjected to fraud, with 63% of…