There’ s a time-honored tradition of U.S. presidents, whose electoral fortunes tend to rise or fall with the state of the economy, grumbling about chairmen of the Federal Reserve Board. News broke over the weekend that Powell is under criminal investigation by the Justice Department, which sadly has become an attack tool of the president’ s, in connection with the…
Economic News
Trump's Big Beautiful Bill increased U.S. debt and boosted health care costs. In that context comes Trump's latest attack on the Federal Reserve, which will ultimately hurt all Americans. Since returning to office last year, Trump has pressured Federal Reserve Chairman Jerome Powell to speed up interest rate cuts in an effort to boost the economy.
The Federal Home Loan Bank of Dallas is pleased to announce the appointment of two new members and the reappointment of three current members to its Affordable Housing Advisory Council. The 14- member Advisory Council advises the FHLB Dallas Board of Directors on affordable housing and economic development issues throughout its five-state District of…
The following information was released by the Federal Reserve Board:. At the Delphi Economic Forum, National Gallery Alexandros Soutsos Museum, Athens, Greece. In addition to the other reforms embraced by Greece, deregulation freed businesses to compete domestically and internationally, and promoted individuals' access to the economy.
U.S. federal prosecutors are investigating Federal Reserve Chair Jerome Powell over his testimony regarding the renovation costs of the Fed's headquarters. The most likely outcome is that the FOMC continues to set the rate target as it has previously, albeit with extracurricular complications stemming from the prosecution. The FOMC will release several…
Interview with Luis de Guindos, Vice-President of the ECB, conducted by Kathryn Carlson, Geoffrey Smith and Johanna Treeck. What is the importance in your opinion of what happened in the United States on Sunday? It is very important for all of us that the principle of central bank independence is also applied to the Federal Reserve.
Interview with Luis de Guindos, Vice-President of the ECB, conducted by Kathryn Carlson, Geoffrey Smith and Johanna Treeck. What is the importance in your opinion of what happened in the United States on Sunday? It is very important for all of us that the principle of central bank independence is also applied to the Federal Reserve.
The following information was released by Iowa Senator Charles Grassley:. Floor Remarks by Senator Chuck Grassley of Iowa. Recently, the Department of Health and Human Services' Inspector General published an audit that found millions of dollars were paid out from state Medicaid programs to Managed Care Organizations for deceased enrollees.
—Some House Republicans have joined in criticizing the Department of Justice's probe into Federal Reserve Chair Jerome Powell, arguing that it could undermine the regulator's independence. Those GOP members join a chorus of Democrats and some Republican senators who have criticized the investigation, arguing it's an abuse of the Justice Department's…
There’ s a time-honored tradition of U.S. presidents, whose electoral fortunes tend to rise or fall with the state of the economy, grumbling about chairmen of the Federal Reserve Board. News broke over the weekend that Powell is under criminal investigation by the Justice Department, which sadly has become an attack tool of the president’ s, in connection with the…
Financial support for this research came from Division of Research at Harvard Business School. For more information on this research see: Bank Risk- taking and the Real Economy: Evidence From the Housing Boom and Its Aftermath. The Review of Financial Studies, 2025. The Review of Financial Studies can be contacted at: Oxford Univ Press Inc, Journals Dept, 2001…
—The Department of Justice has launched a probe into the Federal Reserve's renovation of its headquarters, a move that comes amid a battle between President Donald Trump and Fed Chair Jerome Powell. "The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather…
The following information was released by the Federal Reserve Bank of Atlanta:. In preparation for FOMC meetings, policymakers have the Fed Board staff projection of this "advance" estimate at their disposal. As stated by economists Jon Faust and Jonathan H. Wright in a 2009 paper, "by mirroring key elements of the data construction machinery of the Bureau of…
WASHINGTON— The U.S. Justice Department's investigation of Federal Reserve Chair Jerome Powell could complicate the path to confirmation for President Donald Trump's future nominees for the Fed Board of Governors after a key GOP senator said Sunday he'd oppose any Trump picks to replace Powell or other board members. The panel is currently split 13-11…
It also dropped as geopolitical risks pushed investors to the safety of the United States dollar. The GBP/USD pair dropped sharply after the Bureau of Labor Statistics published the latest Consumer Price Index data on Tuesday. Mortgage rates have dropped to a three-year low, and a recent announcement by Trump pushing Fannie Mae to buy mortgage securities…
The following information was released by the Federal Reserve Board:. The Federal Reserve Board on Tuesday announced its approval of the application by Fifth Third Bancorp, of Cincinnati, Ohio, to acquire Comerica Incorporated, of Dallas, Texas. As a result, Firth Third will indirectly acquire Comerica Bank, located in Dallas, Texas, and Comerica Bank and Trust,…
Central bankers from around the world have issued a joint statement of support for US Federal Reserve Chair Jerome Powell, as he faces a criminal probe on top of mounting pressure from US President Donald Trump to resign early. The reason so many senior central bankers– from Australia, Brazil, Canada, Europe, New Zealand, South Africa, South Korea, the United Kingdom…
The Federal Reserve issued the following statement on Jan. 11, 2026, by Chair Jerome H. Powell:. On Friday, the Department of Justice served the Federal Reserve with grand jury subpoenas, threatening a criminal indictment related to my testimony before the Senate Banking Committee last June. That testimony concerned in part a multi-year project to renovate…
The Martinsville-Henry County Chamber of Commerce hosted a luncheon last week featuring the president of the Federal Reserve Bank of Richmond. The luncheon was held Jan. 8 at the New College Institute and featured Tom Barkin, president and chief executive officer of the Federal Reserve Bank of Richmond. About 40 business and community leaders attended the…
