Jerome H. Powell is set to testify as inflation risks are resurfacing, regulatory changes are in flux and the Federal Reserve’s policy independence is in the spotlight.
Category: House Financial Services Committee
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Christy Goldsmith Romero Nominated to be Next FDIC Chair
Christy Goldsmith Romero has been nominated to be the next chair of the bank regulator that has been shaken by a “toxic” workplace culture.
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Democrats Batter Bank Regulator Over F.D.I.C.’s ‘Toxic’ Workplace Culture
The agency’s chair, Martin Gruenberg, has resisted Republicans’ calls to resign, but criticism by his own party raises questions about how long he can hang on.
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Fed Chair Powell Still Expects to Cut Rates This Year, but Not Yet
Jerome H. Powell, chair of the Federal Reserve, said policymakers still expect to lower rates in 2024 — but the timing hinges on data.
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Yellen Says Stable Financial System Is Key to U.S. Economic Strength
The Treasury secretary will offer an upbeat assessment of the economy on Tuesday, a year after the nation’s banking system faced turmoil.
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Wall Street’s Most Hated Regulator Faces an Existential Threat
Rohit Chopra, who leads the Consumer Financial Protection Bureau, says he is simply enforcing the law. Bankers call him reckless — a “regulator gone rogue.”
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What Businesses Can Learn from Antony Blinken’s China Trip
The secretary of state’s visit raised hopes that the world’s two biggest economies might stabilize relations, but the biggest challenges were not unresolved.
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Saudi Investors and MBS Head to Paris, Looking for Deals
A contingent from the kingdom, including its powerful crown prince, are in the French capital looking to spend big on investments.
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President Biden Renews Fight on ‘Surprise Fees’ as Inflation Stays High
President Biden will host executives from several companies, including Airbnb and Live Nation, to announce new efforts to end so-called junk fees as inflation remains high.
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Investors Expect a Fed Pause, Not an End to Rate Increases
A breather in the central bank’s anti-inflation policy is expected, but with still-rising inflation has investors bracing for another raise later this year.
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Yellen Says Bid to Decouple From China Would Be ‘Disastrous’
The Treasury secretary, speaking to a House committee, said trade and investment were crucial in U.S.-Chinese relations.