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Exclusive: Waters presses bank regulators on shutdown relief

Key insight: Bank regulators typically offer supervisory relief for banks so they can offer credit during temporary hardships like shutdowns and natural disasters.  What’s at stake: Thousands of government workers and contractors could go without paychecks depending on how long the shutdown lasts. Forward look: It’s not clear if the White House will try to […]

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Stephen Miran

Miran cites ‘critical importance’ of Fed independence

Bloomberg News Key Insight: Fed Gov. Stephen Miran said central bank independence in setting monetary policy is of “critical importance,” highlighting that the central bank’s decisions should be insulated from politics. Expert quote: “Monetary policy should be set for the goals that Congress has assigned the Fed — for price stability and full employment —

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