The US Federal Reserve has reduced its growth forecast for the American economy, citing concerns over President Donald Trump’s tariffs that are reportedly driving up prices. In its […]
Banks
Posted on:
Federal Reserve Maintains Federal Funds Rate and Adjusts Securities Holdings Strategy
The Federal Reserve has announced that economic activity continues to expand at a solid pace according to recent indicators. The unemployment rate has remained stable at a low […]
Banks
Posted on:
Federal Reserve Expected to Extend Pause on Interest Rate Cuts Amid Economic Uncertainty
The Federal Reserve is expected to maintain interest rates steady amidst rising prices and slowing growth, a move likely to provoke President Trump’s dissatisfaction. The tension stems from […]
Banks
Posted on:
Fed Likely to Pause Rate Cuts Amid Uncertainty Over Trump’s Economic Agenda
Federal Reserve officials concur that uncertainty is prevalent. However, central bankers prioritize economic data. It remains unclear how the US economy will respond to President Donald Trump’s policies, […]
Banks
Posted on:
Trump Selects Michelle Bowman as New Fed Supervision Head
President Donald Trump has selected Federal Reserve Governor Michelle Bowman to assume the central bank’s top supervisory role. This follows Michael Barr’s resignation from his position as vice […]
Banks
Posted on:
Federal Reserve’s Two-Day Policy Meeting: Key Points and Expectations
The Federal Reserve’s March Federal Open Market Committee (FOMC) meeting commenced on Tuesday amidst an atmosphere of uncertainty. The policy-setting body is evaluating progress in its battle against […]
Banks
Posted on:
Forever 21 Files for Bankruptcy Again
Retail giant Forever 21 has filed for bankruptcy for the second time in six years, according to reports from Axios and Fox Business. The move highlights the “de […]
Banks
Posted on:
Trump nominates Federal Reserve Governor Bowman as vice chair for supervision
WASHINGTON, March 17 (Reuters) – U.S. President Donald Trump nominated Federal Reserve Governor Michelle Bowman to serve as the central bank’s vice chair for supervision, a position where […]
Banks
Posted on:
Bank of America Tightens Oversight of Junior Bankers’ Hours
Bank of America has tightened its oversight of junior bankers’ working hours following recent tragedies. Senior executives have been tasked with monitoring the workload of junior bankers in […]
Banks
Posted on:
Michelle Bowman Nominated by Trump for Fed’s Vice Chair for Supervision
President Donald Trump has nominated Federal Reserve Governor Michelle (Miki) Bowman to serve as the next vice chair of supervision at the Federal Reserve. Trump announced this decision […]