House Financial Services Committee

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.

By Emily Flitter

Banking and Financial Institutions Democratic Party Federal Deposit Insurance Corp Gruenberg, Martin J House Financial Services Committee Regulation and Deregulation of Industry Republican Party Sexual Harassment Wall Street Journal

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.

By Emily Flitter

Banking and Financial Institutions Federal Reserve System House Financial Services Committee Inflation (Economics) Interest Rates Labor and Jobs Powell, Jerome H Prices (Fares, Fees and Rates) United States Economy

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.

By Jeanna Smialek

Banking and Financial Institutions Financial Stability Oversight Council House Financial Services Committee Signature Bank Silicon Valley Bank United States Economy

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.

By Alan Rappeport

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