The following information was released by the National Federation of Independent Business:. WASHINGTON, D.C. NFIB filed an amicus brief in the case Corner Post, Inc. v. Board of Governors of the Federal Reserve System at the U.S. Court of Appeals for the Eighth Circuit.
Economic News
Last week on Capitol Hill, we discussed a risk that is becoming more real every day that Congress delays fixing the debt: fiscal dominancewhen rising federal debt pushes the Federal Reserve to prioritize financing government spending over controlling inflation. The Congressional Budget Office now projects that over the next 10 years, the United States will…
The District Court of North Dakota agreed with Corner Post, ruling that Reg II included cost components that the Durbin Amendment did not intend or allow, and thus the debit interchange fee cap was higher than intended. CHICAGO U.S. Senate Democratic Whip Dick Durbin, Ranking Member of the Senate Judiciary Committee and author of the Durbin Amendment, filed an…
Funders for this research include Brookings Institution, Boston and Amherst Colleges, UNC-Chapel Hill, Banque de France. Our news journalists obtained a quote from the research from Federal Reserve Board,“ Further, as education increases, an increasing share of the sensitivity of allocative wages is driven by the persistent scarring effects of the cyclical…
2026 FEB 23– By a News Reporter-Staff News Editor at Economics Daily Report– When banks crowd a lending market, you can forget the traditional relationship of supply and demand, in which increased supply normally leads to lower prices. Fracassi investigated the ties between bank competition and loan pricing with Mehdi Beyhaghi of the Federal Reserve Board and…
Hester Peirce, commissioner at the U.S. Securities and Exchange Commission, said the regulator would not object if broker-dealers hold less capital against payment stablecoins. Frank Head of Cyprx Research Lab, said the change is "not technical, it's transformative" and the 2% haircut is the same as for money market funds, holding cash or U.S. treasuries:.
Old Glory Bank, the premier full-service FDIC- insured bank serving the Freedom Economy, today announced its intention to have senior finance executives Peter Ort and Michael Sonnenshein, respected leaders in finance and crypto, join as Independent Directors of OGB Financial Company, subject to receiving Federal Reserve approval. On January 13, 2026, Old…
—Federal Reserve governor Christopher Waller said Monday that solid job gains in January could mean the central bank can skip a rate cut at its next meeting in March, a decision that would likely spur further attacks by President Donald Trump. Waller also said that the Supreme Court's decision to strike down many of Trump's tariffs would likely have only a…
An Oxfam analysis found that, between 1989 and 2022, a household in the top 0.1 percent gained about $39.5 million in wealth; it was less than $8,500 for the bottom 20 percent. Federal Reserve data cited by The Washington Post showed that the median net worth of European Americans is nearly 10 times that of African Americans. Others include Mississippi, Arkansas,…
The following information was released by the American Bankers Association:. The Federal Reserve's stress test proposal is an encouraging step toward transparency, but further changes would help the agency more fully realize its goal of a more objective process that aligns capital charges with risk, a group of trade associations said in a comment letter…
The Federal Reserve Board on Thursday announced its approval of the application by Fulton Financial Corporation, of Lancaster, Pennsylvania, to acquire Blue Foundry Bancorp and thereby indirectly acquire Blue Foundry Bank, both of Rutherford, New Jersey.
The following information was released by the Federal Reserve Board:. Thank you, President Bostic for inviting me to join you today.1 Before turning to my remarks, I would like to take a moment to recognize your service to the Federal Reserve and to the Sixth District. On a personal note, I have enjoyed the opportunity to work with you over the years, and I am grateful…
The following information was released by the Federal Reserve Board:. The Federal Reserve Board on Thursday announced that it will hold a hybrid public outreach meeting on Thursday, March 26, as part of its review of regulations under the Economic Growth and Regulatory Paperwork Reduction Act. This public meeting will take place at the Federal Reserve Board…
—A key inflation gauge accelerated in December to the fastest pace in nearly a year, showing how prices are still rising more quickly than most Americans would prefer— and faster than the Federal Reserve’ s target of 2% a year. Prices rose 0.4% in December from the previous month, up from 0.2% in November, the Commerce Department said Friday in a report that was…
Today, Secretary of the Treasury Scott Bessent announced the priorities and schedule for the 2026 G20 Finance Track, including hosting a meeting of the G20 finance ministers and central bank governors in Asheville, North Carolina. "Thanks to President Trump's pro-growth economic policies, the United States' economy is reaching historic heights, and as the…
Washington, D.C. U.S. Senators Elizabeth Warren, Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, and Ruben Gallego, with colleagues on the Banking Committee, sent a letter to Federal Reserve Vice Chair for Supervision Michelle Bowman, pressing Bowman on reports that she may have applied pressure or removed some of the Federal…
This is one of the favorite gauges the Federal Reserve uses to determine monetary policy in the USA. The Eurozone faces some headwinds, with the sentiment in the Eurozone being a bit fragile. There’ s also a lot of geopolitics going on, with keeping an eye on the US talks with Russia and Ukraine starting today in Geneva.
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…
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…
