June 2025

Michelle Bowman

Bowman’s reform agenda targets ratings, supervision, capital

Federal Reserve Gov. Michelle Bowman, who was confirmed as the central bank’s next vice chair for supervision this week.Bloomberg News Bank ratings, examination practices and capital requirements are all poised for reforms under the Federal Reserve’s new chief regulator. In her first speech since being confirmed as Fed vice chair for supervision, Michelle Bowman outlined […]

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Traders reel in Fed cut bets as strong job data drags on bonds

Treasuries slumped after stronger-than-expected US job and wage growth prompted traders to trim bets that the Federal Reserve will cut interest rates this year.  The Friday selloff lifted yields across maturities by as much as 10 basis points, led by shorter-dated tenors more sensitive to Fed rate changes. The benchmark 10-year note’s rate rose eight

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Senators ask FHFA to pause plans to privatize Fannie, Freddie

A group of Democratic senators, including Elizabeth Warren and Chuck Schumer, asked the director of the Federal Housing Finance Agency to pause any efforts to privatize mortgage finance companies Fannie Mae and Freddie Mac. President Donald Trump said on social media last month that he’s considering a public stock offering for the two government-backed enterprises,

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