Category: Powell, Jerome H

Powell and Yellen Suggest Need to Review Regulations After Bank Failures

The New York Times – Business:
Proposals for more scrutiny of the financial sector are meeting resistance from industry and Congress.
7 Takeaways From the Fed Meeting and Powell’s News Conference

The New York Times – Business:
By raising interest rates a quarter-point, the Federal Reserve signaled that it was continuing to fight inflation, but it was holding off an aggressive move that might spook investors.
Fed Meeting Holds High Stakes for Biden

The New York Times – Business:
The president is counting on the central bank to strike the right balance on jobs and inflation — and to prevent a spiraling financial crisis.
Will the Fed Raise Interest Rates During a Banking Crisis?

The New York Times – Business:
The central bank’s decision on interest rates on Wednesday is shaping up to be the most consequential of the Jerome Powell era.
Before Collapse of Silicon Valley Bank, the Fed Spotted Big Problems

The New York Times – Business:
The bank was using an incorrect model as it assessed its own risks amid rising interest rates, and spent much of 2022 under a supervisory review.
Fed Blocked Mention of Regulatory Flaws in Silicon Valley Bank Rescue

The New York Times – Business:
Federal government officials wanted a joint statement to include a reference to regulatory shortcomings that they believe helped lead to the bank’s demise.
How Washington Decided to Rescue Silicon Valley Bank

The New York Times – Business:
Officials were initially unsure about the need for the measures they eventually announced to shore up the financial system, but changed their minds quickly.
SVB Collapse Upsets Expectations for Federal Reserve’s Rate Decision

The New York Times – Business:
The Federal Reserve has been rapidly raising interest rates to fight inflation. But making big moves could be tricker amid instability.
Jobs Report Gives Fed a Mixed Signal Ahead of March Decision

The New York Times – Business:
The Federal Reserve is anxiously parsing incoming data as it decides between a small or a large rate move this month.
With Wall St. Jumpy Again, the Jobs Report Could Offer Some Clarity

The New York Times – Business:
Investors keep flipping between worrying about the economy and seeing an end to the turmoil. The jobs report on Friday, and a report on inflation next week, might provide direction.
JPMorgan Is Turning On Jes Staley, Ex-Star, Over Jeffrey Epstein

The New York Times – Business:
The banking giant has sued Jes Staley over what it said were failures to alert the company to all he knew about Jeffrey Epstein.
Biden Will Release Dead-on-Arrival Budget, Picking Fight With GOP

The New York Times – Business:
The president’s plans have little in common with the budget Republicans are set to release this spring, as the nation hurtles toward a possible default on its debt.