December 2025

Russell Vought

Former Fed officials: CFPB’s Vought must ask for funding

Bloomberg News Key Insight: In a legal filing, the former Fed officials claim an opinion from the Department of Justice’s Office of Legal Counsel is factually incorrect.  What’s at Stake: The CFPB will run out of funding early next year and Vought claims that he cannot request funding from the Federal Reserve. Expert Quote: “The […]

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Bond traders defy Fed and spark heated debate on Wall Street

(Bloomberg) — The bond market’s reaction to the Federal Reserve’s interest-rate cuts has been highly unusual. By some measures, a disconnect like this, with Treasury yields climbing as the central bank lowers rates, hasn’t been seen since the 1990s. What the divergence indicates is a matter of heated debate. Opinions are all over the place,

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