Warren: Only Congress — not Trump or Musk — can ‘get rid of the CFPB’
Senator Elizabeth Warren said Wednesday that the law clearly states only Congress that can shutter the CFPB, setting up a ...
Stock market today: Dow leads stocks lower as hot inflation data pushes back rate cut hopes
US stocks were largely lower on Wednesday as investors digested a hotter-than-expected January inflation reading and ...
Opinion
John Ivison: It will be Carney vs. Poilievre. And neither has a clear advantage
However, Liberal support rises to 37 per cent when respondents were asked to consider Carney as leader, while the number of Conservative voters slips into a statistical dead heat. (Given the ...
Warren, Waters Warn Bank Regulators Against Aiding ‘Unlawful’ DOGE Actions
Trump administration threw one of the nation’s banking regulators into turmoil. In their Wednesday letter, which was earlier ...
Trump wants lower interest rates to go ‘hand-in-hand’ with tariffs, but yields are soaring after inflation data came in hot
President Donald Trump has pledged to lower borrowing costs for Americans, but hotter-than-expected inflation data on ...
federalnewsnetwork.com2h
When the FDIC took extraordinary action and it paid off
The Federal Deposit Insurance Corporation can cover deposits that are not insured. They did that in 2023, which required authority from the treasury secretary.
Fed's Powell sees a ways to go on shrinking Fed holdings
Over two days of testimony this week before Congress, Federal Reserve Chairman Jerome Powell indicated there's no imminent ...
Powell backs change in bank-capital rules to boost liquidity in Treasury market
Federal Reserve Chairman Jerome Powell said Wednesday he supports a change to bank capital rules that has been on the industry's wish list At the moment, the Fed's "supplementary leverage ratio" ...
Powell Says Easing Bank Capital Requirements Could Help Treasury Market
In House testimony Wednesday, Federal Reserve Chair Jerome Powell said a proposal to ease capital requirements for U.S. banks could also improve the functioning of the all-important U.S. Treasury ...
Dow Jones Today: Stocks Pare Losses, Yields Soar on Hot Inflation Report
U.S. stocks pared early losses on Wednesday but remained mostly lower after inflation data came in hotter than expected, potentially complicating the Federal Reserve's job of returning inflation to ...
US inflation unexpectedly increases to 3% in January
US inflation unexpectedly increased to 3 per cent in January, bolstering the case for the Federal Reserve proceeding slowly with interest rate cuts and hitting stocks and governme ...
Markets trim Fed rate cut bets following hot inflation report
A hotter-than-expected inflation reading makes it much more likely that the Federal Reserve will keep rates on hold for the foreseeable future, reinforcing a cautionary stance from Jerome Powell and ...