In testimony before Congress, Federal Reserve Chairman Jerome Powell said that the idea of the United States adopting a central bank digital currency (CBDC) is far from being...
Higher rates. A bit more muted consumer sentiment. The paycheck-to-paycheck pressures continue. On Friday (Aug. 25), the final reading of the University of Michigan’s survey on consumer...
Banks are continuing to tighten their terms on commercial and industrial loans. The proportion of U.S. banks tightening their terms on such loans for medium...
The Federal Reserve’s chairman says core inflation may not reach the 2% mark until 2025. “It’s going to take some time. Inflation has proven to...
Federal Reserve Chair Jerome Powell announced in a Senate Banking Committee hearing on Thursday (June 22) that smaller banks with assets below $100 billion will not...
Barely a week has gone by since the Fed “paused” its policy of hiking interest rates. And the pause may prove short-lived — signaling some...
The Federal Reserve aims to strengthen its supervision and regulation after the failure of Silicon Valley Bank. So said Federal Reserve Vice Chair for Supervision...
Another Fed meeting, another interest rate hike … and more trouble ahead for paycheck-to-paycheck consumers and small to midsize businesses (SMBs). The central bank boosted...
United States bank regulators’ posture on digital assets is increasingly one of “prove it” pressure. This, as Federal Reserve Chairman Jerome Powell Tuesday (March 7)...