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Sen. Toomey raises questions about Fed picks
Sen. Pat Toomey R-PA asks Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell during a Senate Banking, Housing and Urban Affairs Committee hearing on the CARES Act, held at the Hart Senate Office Building in Washington, DC, U.S. September 28, Sen. Pat Toomey R-PA asks Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell during a Senate Banking,...
Updated: 01/29/2022
Sen. Brown meets with Biden Fed nominees
Senator Sherrod Brown D-OH speaks at a meet and greet on his Dignity of Work tour in Concord, New Hampshire, February 9, 2019. Senator Sherrod Brown D-OH speaks at a meet and greet on his Dignity of Work tour in Concord , New Hampshire , February 9, 2019. REUTERS Elizabeth Frantz File Photo ...
Updated: 01/29/2022
Fed Chair Powell says economy is much stronger than when it started raising rates
... rate hikes of the COVID 19 era would likely start in March. It's pretty much anyone's guess from there on. Powell put a kibosh on any sort of'measured gradual' guidance because the economic outlook is too uncertain, Jefferies economists Aneta Markowska and Thomas Simons wrote in a note titled: FOMC Signals A Guidance-Light Tightening Cycle. The economy and labor markets are much stronger than when the Fed overtook its last rate rises in the previous decade, Powell said. From December 2015 to 2018, the ...
Updated: 01/27/2022
Facebook looks to sell its assets to repay investors
... slew of big names stumped up the $10 million founding member fee to sign up, including Visa, Mastercard , Uber and a slew of big names. As the project gained traction, so too was regulatory pressure. A U.S. Senate Committee on Banking, Housing , and Urban Affairs held a hearing on Libra Diem, and the discussions were not constructive. Senator Sherrod Brown set the tone for the hearing by calling Facebook dangerous. He then talks about anti-competitive practices, algorithms to manipulate behavior, and ...
Updated: 01/26/2022
SEC chief proposes sweeping cyber rules to third-party service providers
U.S. Securities and Exchange Commission Chair Gary Gensler testifies before a Senate Banking, Housing, and Urban Affairs Committee hearing on the SEC on Capitol Hill in Washington, U.S! September 14, 2021. U.S. Securities and Exchange Commission Chair Gary Gensler testifies before a Senate Banking, Housing , and Urban Affairs Committee hearing on the SEC on ...
Updated: 01/24/2022
The Fed takes first step towards a digital dollar
The Federal Reserve has taken a first step towards pursuing a digital dollar by releasing a vague blueprint of pros and cons on Thursday. The Federal Reserve has taken a first step towards pursuing a digital dollar by releasing a vague blueprint of pros and cons on Thursday. The Fed will need to sort through how to design a central bank digital coin, CBDC, in a ...
Updated: 01/21/2022
SEC chief hopes 2021 will be a year for regulation of cryptocurrency
The Securities and Exchange Commission SEC Chairman Gary Gensler said on Wednesday that he hopes that this will be the year when lawmakers and the major players debate how the booming asset class should be overseen Washington s regulatory agencies have been at the forefront ...
Updated: 01/20/2022
Biden pin down inflation on the Fed
... inflationary pressures, but said Wednesday that a large part of the dilemma falls on the shoulders of the nation's central bank. Biden said on the eve of the one-year anniversary of his inauguration that the Federal Reserve has a dual mandate: employment and stable prices. The Fed is wrestling with inflationary prints that defied central bank forecasts earlier last year and predicted that the rapid pace of price increases would quickly fade, despite the fact that the price stability mandate is in flux....
Updated: 01/19/2022
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