Federal Reserve Board Communication practices have taken center stage in the Federal Reserve’s review of its monetary policy framework. In a Thursday morning speech, Fed Chair Jerome Powell said communication practices — particularly during times of heightened uncertainty — have been focal points during both internal and external discussions in recent months related to the […]
Powell: Fed policy review honing in on communication Read More »
Enjoy complimentary access to top ideas and insights — selected by our editors. The Consumer Financial Protection Bureau’s headquarters located in Washington D.C.Frank Gargano The Consumer Financial Protection Bureau has been in a freefall since former Director Rohit Chopra was ousted in February, kickstarting a game of musical chairs at the top of the agency
Deregulation is the new norm at the CFPB, and banks love it Read More »
Federal Reserve Vice Chair Philip Jefferson.Bloomberg News The Federal Reserve’s second-in-command is looking for solid evidence of the impact of tariffs before throwing his support behind changing interest rates. In a Wednesday morning speech, Fed Vice Chair Philip Jefferson said the central bank’s current monetary policy stance gives it the flexibility needed to respond to
Fed vice chair focused on ‘hard data’ amid uncertainty Read More »
The Mortgage Bankers Association has responded to the Office of Management and Budget’s request for information on “unnecessary, unlawful, unduly burdensome and unsound rules” with several origination and servicing policy suggestions. There already has been pullback from some of the policies the association is calling for the Office of Management and Budget to rescind, with
Mortgage bankers ask OMB to end or revise several rules Read More »
Bloomberg News Prices continued to trend down toward the Federal Reserve’s 2% target last month despite the rollout of sweeping tariff hikes. The Consumer Price Index rose 0.2% in April for an annualized increase of 2.3%. Core CPI, which factors out food and energy, was up 0.2% on the month and 2.8% year over year.
CPI inflation continues to trend down despite tariff rollout Read More »
Bloomberg News The U.S. and China have agreed to pause the bulk of their tariff policies against one another for 90 days, sending a jolt of optimism through the banking sector and its investors. The temporary truce was struck over the weekend and announced on Monday, causing stocks to rally and credit spreads to tighten
U.S.-China tariff truce gives banks hope amid uncertainty Read More »
Federal Reserve Gov. Adriana Kugler on Monday warned U.S. tariffs could propel higher inflation and curb economic growth. While Kugler’s remarks — delivered at the International Economic Symposium in Dublin — argued that the U.S. economy had shown resilience up until now, she characterized the coming impact of tariffs as a negative supply shock that
Fed’s Kugler: Tariffs present stagflation-like pressure Read More »
Acting Consumer Financial Protection Bureau Director Russell Vought rescinded scores of guidance documents in a Federal Register notice scheduled for publication Monday.Bloomberg News The Consumer Financial Protection Bureau is radically cutting enforcement by withdrawing nearly 70 guidance documents, citing President Trump’s mandate to eliminate regulations and reduce costs for businesses. In a major change for
Trump’s CFPB rescinds 70 guidance and enforcement documents Read More »
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