Key takeaway: Federal Reserve Gov. Christopher Waller said he wants to consolidate the corporate functions of the 12 regional banks under one structure and create a role to oversee them. Expert quote: “Autonomy is a virtue, but not when it produces costly duplication that serves no one. We owe this to the American people we […]
Fed’s Waller calls for consolidating regional bank operations Read More »
Seniors are turning to reverse mortgages as they struggle to keep up with the costs of living, a new industry report found. Processing Content More than 21% of reverse mortgage clients entered counseling with a deficit in their monthly budget last year, almost double the 12.2% of clients in 2024, according to GreenPath Financial Wellness,
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Key insight: The fight over Federal Reserve independence has made confirming Warsh politically impossible, with one Republican senator blocking Kevin Warsh’s approval by the Senate Banking Committee. Forward look: Should the Senate not confirm a Fed chairman, it’s unclear who will helm the central bank when outgoing Fed Chair Jerome Powell’s term expires in mid-May.
Warsh insists he wouldn’t do Trump’s bidding as Fed chair Read More »