Federal Reserve chair Jerome Powell said on Wednesday that he will remain a central bank governor "for a period of time to be determined," citing attempted political interference. Why it matters: It extends Powell’s influence over monetary policy beyond the conclusion of his term as Fed chair on May 15. His term as one of seven Fed governors extends through January 2028. It denies…
INN Insider News
This is shaping up to be a momentous week for the Federal Reserve. What comes next for the Fed’s leadership has come into clearer focus in the last three days, but one big question hangs over the institution. The big picture: On Wednesday, the Senate Banking Committee is set to advance Kevin Warsh’s nomination to lead the Fed, after Sen. Thom Tillis (R-N.C.) indicated his…
GREENSBORO, N.C.— North Carolina Attorney General Jeff Jackson announced on Tuesday that the state has reached a six-figure settlement in a Greensboro Medicaid fraud investigation. The United States Attorney's Office for the Middle District of North Carolina reached a $584,143 settlement with Crossroads Treatment Center of Greensboro, P.C., to settle…
Federal Reserve Bank of Boston president Susan Collins said she agreed with colleagues who dissented at last week’ s monetary policy gathering over wording in the Fed’ s post-meeting statement that suggested the central bank would eventually resume rate reductions. Dallas Fed president Lorie Logan, Beth Hammack of the Cleveland Fed, and Minneapolis Fed…
History is likely to be as kind to Jerome Powell, the outgoing chair of the U.S. Federal Reserve, as it was to Winston Churchill. Never before has a Federal Reserve chair faced–and withstood–such pressure to implement inappropriate monetary policy changes. In addition to public insults and constant demands for monetary easing, Trump even managed to get the…
Is today more like 1995, when a technology-driven productivity surge was underway but not yet fully acknowledged, or like 1999, when that boom was well-known, much-celebrated, and reflected in asset prices? The answer might determine what the Federal Reserve ought to do about interest rates in 2026. The big picture: That’s a new argument that Chicago Fed president Austan Goolsbee…
The exchange rate between the Chinese yuan and the United States dollar remains one of the most important currency relationships in the global economy. Commonly referred to as CNY/USD or USD/CNY depending on market direction, the currency pair influences international trade, manufacturing costs, commodity pricing, global investment flows, and central bank policy decisions…
Data: KFF; Note: Enhanced ACA subsidies began in 2021 and ended in 2025.; Chart: Zachery Eanes/Axios The number of North Carolinians enrolled in health insurance plans through the Affordable Care Act has fallen significantly this year. More than 200,000 fewer people are getting insurance via the program this year, according to data compiled by KFF. Why it matters: The drop came…
Rising liability insurance costs are prompting doctors to call on states to impose more limits on the damages patients can collect in malpractice cases. Why it matters: More than half of the states have enacted malpractice payout limits, in an effort to make insurance premiums more predictable. But groups led by the American Medical Association say that without more relief,…
The Iran war is trapping the world’s central banks with an energy shock that simultaneously undermines growth and stokes inflation, with no good policy response to either. Each of the world’s most important central banks faces that dilemma in policy meetings this week. Why it matters: From Tokyo to Washington, central banks that were on track to normalize policy are now paralyzed,…
If the United States gets into the business of providing dollar liquidity to the United Arab Emirates and other Persian Gulf states battered by the Strait of Hormuz’s closure, it will amount to a novel use of an old power. The big picture: The Federal Reserve used swap lines with foreign central banks as a key tool to calm global financial disruptions in periods of stress, starting…
Roughly 130,000 Pennsylvanians have dropped coverage through Pennie, the state’s Affordable Care Act marketplace, in the past five months. Why it matters: About 1 in 10 Americans enrolled in an ACA plan last year now lack health coverage, per surveys by research nonprofit KFF. The big picture: Soaring insurance premiums, driven in part by recently expired federal subsidies, are…
Bitget’s daily CFD volume has jumped to $8 billion, up from $6 billion in March, with nearly 95% of that growth driven by XAUUSD gold contracts, as traders increasingly use the crypto exchange to hedge against macroeconomic uncertainty rather than speculate on digital assets.
Florida insurance regulation officials question national reports that consistently say the Sunshine state has the highest homeowner insurance rates in the nation.
Borrowers can make moves to make sure they qualify for the lowest interest rates possible on credit cards, mortgages and car loans. Here's how.
A 13-year lawsuit against Blue Cross Blue Shield ended in a major monetary settlement. When Michigan plaintiffs could get paid.
The June 30 cutoff for a contract deal for Michigan Medicine and Blue Cross Blue Shield of Michigan led to the initial denial of a kidney transplant.
Across the multifamily and commercial real estate sectors, roofing has shifted from a routine maintenance line item to a strategic asset-management concern. Insurance carriers are tightening underwriting standards, building codes are getting stricter, and property owners who once deferred roof replacements are now being forced into action on someone else’s timeline. For operators…
Federal Reserve chair Jerome Powell said on Wednesday that he will remain a central bank governor "for a period of time to be determined," citing attempted political interference. Why it matters: It extends Powell’s influence over monetary policy beyond the conclusion of his term as Fed chair on May 15. His term as one of seven Fed governors extends through January 2028. It denies…
