Politics

The Republican presidential nominee laid out his economic platform during a speech at the Economic Club of New York.

The increase would "ensure that the wealthy and big corporations pay their fair share" at a level that also "rewards investment in America's innovators, founders and small businesses," Harris said.

The Democratic nominee should seize the moment and reset her party's relationship with the crypto industry, focusing on safety, equity and access to financial services.

Patrick Harker, the longest serving regional reserve bank president, will leave office in June 2025. Directors at the Fed bank have started the search for his replacement.

Recent Supreme Court decisions reducing the ability of regulatory agencies to interpret the meaning of federal laws make it likely that supervisory decisions based on assessments of banks' safety and soundness will face court challenges.

The Federal Reserve's independence in setting monetary policy is critical to global confidence in U.S. markets and the dollar's status as reserve currency of choice. Making those functions constitutionally separate from the executive branch is the best way to ensure that independence.

In August's roundup of top banking news: The impact of National Public Data's breach on banks, USAA agrees to $64 million settlement in overcharging case and more.

The Federal Reserve's preferred measure of inflation held steady at 2.6% for the third month in a row, a positive reading that increases the odds of a September rate cut.

Citing "moral hazard" as the reason for denying full federal deposit insurance betrays a completely unrealistic belief in the ability of everyday depositors to gauge a bank's strength.

Vice President Kamala Harris has pledged to build 3 million new housing units over her first term. Rehabilitating vacant housing might be one of the most cost-effective ways to meet that goal — and address many other problems at the same time.

Banks burdened by excessive regulation are unable to provide the kind of support that growing small businesses in their communities need. The entire system is in dire need of an overhaul.

Vice President Kamala Harris' pledge to deliver 3 million homes has drawn applause from homebuilders, lenders and affordability advocates, but experts are uncertain how her administration would pull it off.

Committee Chair Sherrod Brown is facing a tough election.

In his speech at the Federal Reserve's Jackson Hole Economic Symposium, the Fed chair said employment losses are now a bigger risk than elevated inflation.

The Federal Home Loan banks must be looking at the shift in presidential polling with alarm. A Democratic victory would open the door to tougher regulation and potential streamlining of the 11-bank system.

Mehrsa Baradaran's new book "The Quiet Coup: Neoliberalism and the Looting of America" ties together economic history, an expertise in banking regulation and the perspective of someone who's both watched a country be torn apart by extremism and been inside the American political machine.

Vice Chair for Supervision Michael Barr says generative AI could present financial-stability risks if certain models are used ubiquitously.

Federal Reserve Gov. Michelle Bowman said she has concerns about an uptick in inflation and will need to see more positive data before supporting an interest rate cut.

The new president will shape the direction of banking policy, but because financial regulators are more insulated from politics than many other areas, that transition will be gradual.

For half a century, the Shadow Open Market Committee has been one of the Federal Reserve's sharpest critics. After years of seeing its public profile wither, the group is eyeing a return to prominence.