Fed, Powell and Bessent
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A new gathering tries to turn the page for the Fed’s banking supervision and the nation’s banks.
White House deputy chief of staff James Blair will visit the renovation site at the Federal Reserve's headquarters amid President Donald Trump's concerns with the projects cost overruns.
The rally in U.S. tech stocks lost steam on Tuesday while bond yields and the dollar fell, as investors trimmed positions ahead of the first 'Big Tech' earnings reports and digested U.S. President Donald Trump's latest tirade against Fed Chair Jerome Powell.
For the moment, our central forecast still sees the Fed remaining on hold throughout 2025. For 2026, we have changed our base case to feature one additional rate cut in the first half, which would take the fed funds rate to neutral levels by the end of that year.
The Federal Reserve continued work on its comprehensive effort to rewrite bank rules with a daylong conference at its headquarters on Tuesday.
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People living in one neighborhood on Detroit's east side say they are fed up with flooding after it rains, and the water collects because it has no place to go.
On July 22nd, Jerome Powell, the Fed chair, responded to questions on Trump tariffs, calling it 'uncertain,' noting that possible developments could significantly alter many aspects of the upcoming economic outlook. He reiterated that interest rate decisions are highly data dependent.