Politics

A retrospective paper on the former Federal Reserve chair's tenure offers takeaways that speak directly to his successor's policy agenda.

The Federal Reserve, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. said Tuesday they had removed references to reputational risk from certain interagency guidance documents, furthering the administration's state goal of eliminating reputational risk from bank supervision.

Federal Reserve Bank of Minneapolis President Neel Kashkari said in a speech Tuesday morning that he doubts the usefulness of stablecoin technology in payments and its ability to expand the reach of the U.S. dollar, a perspective that contrasts with many crypto boosters in the Trump administration.

Federal Housing Finance Agency Director Bill Pulte won the White House's favor by acting as an attack dog for the administration, using his agency's data to target President Trump's political enemies with fraud allegations, though those efforts have not withstood judicial scrutiny.

An audit by the Office of Inspector General concluded that information security programs at both the Federal Reserve Board and the Consumer Financial Protection Bureau are no longer effective due to critical vulnerabilities.

Securities and Exchange Commission Chair Paul Atkins said his agency and the Commodity Futures Trading Commission are working together to usher in a friendlier regulatory environment for technology and crypto firms, a marked departure from the interagency dynamic under President Biden.

Retailers say the Office of the Comptroller of the Currency's move to preempt an Illinois law undermines states' powers to curb interchange fees charged in their jurisdictions and perpetuates a system that raises costs for businesses and consumers.

Federal Reserve Vice Chair for Supervision Michelle Bowman said Friday that she believes price growth is still heading toward the central bank's 2% target when factoring out one-time shocks such as tariffs and elevated oil prices.

Cryptocurrency companies have rushed to apply for national trust charters from the Office of the Comptroller of the Currency during the second Trump administration after remaining on the sidelines for years. Experts say the trust charters offer them scale, Fed access and legitimacy without the full regulatory burden of traditional banks.

Trade groups challenging an Illinois state law barring interchange fees on taxes and tips are urging a federal judge to rule by June 3 ahead of the law's July 1 effective date.

A report from the Financial Stability Board said limited transparency in the private credit market makes it difficult for regulators to monitor and understand risks, potentially masking challenges to the financial system.

The Consumer Financial Protection Bureau is ending remote work and ordering its entire staff to report to a new Washington, D.C., headquarters five days a week.

The Personal Consumer Expenditures price index climbed to nearly 4% in April, arguably making the Fed's interest rate less restrictive and further complicating the central bank's path toward future rate cuts.

The Federal Reserve Board governor is the latest Fed official to embrace the prospect of tighter monetary policy in response to rapidly rising prices that have taken hold in recent years.

Households are cutting back on spending and buying fewer big ticket items, according to a key consumer confidence report. Higher inflation expectations and recession concerns are driving the pullback.

Tokenization is being adopted from within the system, not alongside it. It's improving how markets operate by making settlements faster, increasing their mobility, boosting transparency and expanding access.

The streamlining is designed to further expedite a process which allows mortgage companies to get a case number for loans on single units even if the building they're in doesn't have one.

Homebuyers applying for Federal Housing Administration loans in community property states are facing hurdles that current market conditions have heightened.

President Donald Trump administered Federal Reserve Chair Kevin Warsh's oath of office in a ceremony Friday morning. Warsh is expected to pursue changes at the central bank, including a push to reduce its $6.7 billion balance sheet. 

Federal Reserve Gov. Christopher Waller said in a speech Friday that he favors holding interest rates steady until energy prices fall, but noted that the central bank should be ready to hike rates if inflation gets too far out of hand.