News

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Philly’s Federal Reserve is getting a new leader for the first time in a decade
Anna Paulson will become president of the Federal Reserve Bank of Philadelphia on July 1. She replaces Pat Harker.
Fed independence, US rule of law at risk, UBS reserve managers survey says
Two in three reserve managers fear Federal Reserve independence is at risk and nearly half think the rule of law in the ...
Navy Federal Credit Union no longer has to refund $80 million in overdraft fees. Here's why.
The Consumer Financial Protection Bureau terminated an order requiring NFCU to reimburse $80 million to customers.
Big banks all pass the Federal Reserve's stress tests, but the tests were less vigorous this year
All the major banks passed the Federal Reserve's annual “stress tests" of the financial system, the central bank said Friday, ...
Federal Reserve Watch: M2 Money Is Growing
The Fed continues quantitative tightening, shrinking its securities portfolio by $2.1 trillion since March 2022, but excess ...
The Financial Express20h
Which two candidates are most likely to succeed Powell as head of the US Federal Reserve?
President Trump plans to name a successor to Jerome Powell, who ends his term as Fed chair in May 2026. Two contenders have ...
CoinDesk13h
Ripple Applies for Federal Bank Trust Charter, XRP Jumps 3%
The application follows stablecoin issuer Circle's similar effort to expand crypto services and move into federal regulatory ...
Just The News2d
Powell accused of lying to Congress about Federal Reserve headquarter renovation
Powell testified in front of the Senate Banking Committee last Wednesday, about the luxurious renovation project which would ...
Federal Reserve’s Bowman says rate cut should be on table in July
WASHINGTON (AP) — Federal Reserve governor Michelle Bowman on Monday said the central bank should consider cutting its key ...
A Federal Reserve president thinks fears of a 1970s-style stagflation are overblown
Austan Goolsbee doesn't think that stagflation is possible in the near term, despite rising geopolitical conflicts and ...