Still no signs of tariff-induced price hikes in the latest CPI report. That makes it all the more likely that the @federalreserve.bsky.social holds steady during its monetary policy meeting next week. www.americanbanker.com/news/little-...

Fed likely to hold steady after muted tariff impact in CPI

The government measure of inflation for May ticked up modestly, adding to the signals that the Federal Reserve is unlikely to move on interest rates when it meets next month.

americanbanker.com

Stock and bond markets, while volatile, continued to function during wild trading sessions this month. Given their low levels of liquidity, that outcome was not guaranteed. www.americanbanker.com/news/fed-war...

Fed warns of liquidity strains for stocks and bonds

In its latest financial stability report, the Federal Reserve found that asset prices continue to exceed underlying fundamentals and leverage levels remain high, especially by hedge funds.

americanbanker.com

Investors seem to breathing a sigh of relief after the president said he does not intend to fire the Fed chair and that the ultra-high tariffs against China are only temporary. www.americanbanker.com/news/bank-st...

Bank stocks rally as Trump soften stances on Powell, China

The president said he had "no intention" of firing the Federal Reserve chair and promised that tariffs against Chinese imports would be lowered "substantially."

americanbanker.com

Honored and excited to be a part of this year's fellowship class this fall @columbiajournalism.bsky.social

Knight-Bagehot Fellowship in Economics and Business Journalism@bagehots.bsky.social · 2y ago

We're excited to announce the 2025-26 Knight-Bagehot fellows. Congrats @amandaaronczyk.bsky.social, @bykylecampbell.bsky.social, @aishagani.bsky.social, @esmyjimenez.bsky.social, @mcglinchyreports.bsky.social, @robaeprice.bsky.social Full list and bios at journalism.columbia.edu/2025-knight-...

We're excited to announce the 2025-26 Knight-Bagehot fellows. Congrats @amandaaronczyk.bsky.social, @bykylecampbell.bsky.social, @aishagani.bsky.social, @esmyjimenez.bsky.social, @mcglinchyreports.bsky.social, @robaeprice.bsky.social Full list and bios at journalism.columbia.edu/2025-knight-...

Federal Reserve officials have been steadfast in defending their ability to set monetary policy independent of the White House. When it comes to their regulatory and supervisory policymaking, they've been quiet, even conciliatory. I dug into why. www.americanbanker.com/news/fed-reg...

Fed regulation, supervision take backseat in independence fight | Kyle Campbell

The independence of the Federal Reserve extends from the Constitution. There has been a long-running debate about how far that grant of independence reaches and, more recently, questions about how far...

linkedin.com

Trump's tariff policy could upset both sides of the Federal Reserve's dual mandate, driving up prices and unemployment. Most Fed officials say they don't know how they'd respond to that scenario. Today, one suggested jobs losses would take precedent. www.americanbanker.com/news/feds-wa...

Fed's Waller willing to 'look through' tariff hike inflation

Federal Reserve Board member Christopher Waller said he would not be deterred from classifying inflation as "transitory" despite the board's recent experience underestimating inflationary pressures.

americanbanker.com

The Fed, FDIC and OCC will move to rescind their 2023 amendment to the Community Reinvestment Act, citing concerns about pending litigation. It is the latest in a growing list of defeats for Biden era bank reg reforms.

As divisive as the CFPB has been in recent years, most agree it is at its best when it is identifying discrimination and making consumers whole. Recent shakeups at the agency have put those functions in jeopardy. www.americanbanker.com/news/cfpb-cl...

'Not a political issue': Compensation stalls amid CFPB turmoil

In 2023, the Consumer Financial Protection Bureau cited Citibank for discriminating against Armenian Americans. The recent turmoil at the agency raises questions about whether the bureau will be able ...

americanbanker.com

The Senate Banking Committee hosts its first markup of the 119th Congress and it's a doozy. @clairewilliams.bsky.social expertly breaks down what is at stake in the debate over the #stablecoin regulation bill known as the GENIUS Act. www.americanbanker.com/news/the-gen...

Banks are pushing back against stablecoin legislation

As the Senate Banking Committee meets to consider landmark stablecoin legislation today, the banking industry is beginning to wake up to what some experts say is an existential threat.

americanbanker.com

Michelle Bowman is arguably the biggest inflation hawk on the FOMC, but even she believes the balance of monetary considerations could soon shift to protecting jobs and economic growth. www.americanbanker.com/news/fed-inf...

Fed inflation hawk says focus could shift to jobs, growth

Federal Reserve Gov. Michelle Bowman, one of the central bank's more inflation-wary officials, said the balance of risks for monetary policymaking could soon shift.

americanbanker.com

It’s been a noisy week for economic data and policy. But today’s jobs report sends a clear signal to the Fed. www.americanbanker.com/news/fed-poi...

Bizarrely, today Trump claimed that "Canada doesn’t allow American Banks to do business in Canada," even though 16 U.S. banks are currently operating in Canada. Where he is he getting his information from? Right-wing Twitter? Hallucinations? Nothing? www.reuters.com/business/fin...

Trump questions fairness of Canada's dealings with American banks

U.S. President Donald Trump claimed on Tuesday that U.S. banks are not allowed to do business in Canada, while their banks operate in the U.S.

reuters.com

What's at stake in the ongoing debate over stablecoin regulation? Quite a bit for the world's biggest bond market. www.americanbanker.com/news/stablec...

Just weeks after Jerome Powell said he could do without a designated regulatory governor on the Fed Board, Congress is telling the administration to hurry up and pick one already. www.americanbanker.com/news/republi...

GOP lawmakers urge Trump to pick regulatory chair at Fed

Thirty members of the Senate Banking and House Financial Services committees signed a letter petitioning the administration to name a new vice chair for supervision — and quickly.

americanbanker.com

Republicans on the Senate Banking and House Financial Services committees sent a letter to Treasury Sec Bessent this morning, urging the administration to pick a new vice chair for supervision at the Fed. Story to come.

In the renewed push for stablecoin regulation in Washington, the technology is being billed as a bulwark for Treasury market. But it could also be a new point of vulnerability. www.americanbanker.com/news/stablec...

Will stablecoins bolster the Treasury market or tank it?

With regulatory bills making their way through both houses of Congress, stablecoins could soon play a larger role in the financial system — with important implications for the Treasury market.

americanbanker.com

OCC is the latest bank oversight agency to cut staff in the name of government efficiency. www.americanbanker.com/news/occ-fir...

OCC fires 76 as part of Trump's government workforce reduction

The Office of the Comptroller of the Currency is the latest federal banking agency to let go of probationary employees.

americanbanker.com

Interesting speech from Fed Vice Chair Philip Jefferson today about Fed communication and the rise of automated textual analysis. Talked about how tools impact policy transmission and research. Watch this space during this year's policy framework review. www.americanbanker.com/news/fed-vic...

Fed vice chair says approach automated analysis with caution

Federal Reserve Vice Chair Philip Jefferson said clearer Fed communication and better text analysis has made monetary policy transmission more efficient, but noted that the central bank must remain di...

americanbanker.com

The Fed's top regulator pushed back against allegations that examiners have urged banks to drop conservatives or distance themselves from crypto. @AmerBanker www.americanbanker.com/news/feds-ba...

Fed's Barr: no evidence of political debanking

The Federal Reserve's top regulator said banks drop customers they see as too risky, and anti-money laundering actions are "just straight-up-the-middle risk management and banking."

americanbanker.com

Last week, we learned that the Fed considers "reputational risk" when determining who has access to its payments systems. This week, Fed Chair Jerome Powell committed to doing away with the concept. Here's what that means for banks and crypto. www.americanbanker.com/news/fed-pol...

Master account policy tweak signals Fed shift toward crypto

Federal Reserve Chair Jerome Powell said reserve banks will no longer factor "reputational risk" into master account decisions. The crypto industry is encouraged by the commitment, but says more chang...

americanbanker.com

Track Fed Chair Jerome Powell's press conference in real time with @johnheltman.bsky.social and me on the American Banker live blog. www.americanbanker.com/live-blog/li...

Will the Fed cut rates in a box? Will they cut them with a fox? Will they cut rates in a house? Will they cut them with a mouse? Find out with @bykylecampbell.bsky.social and me as we live blog the FOMC press conference.

Federal Open Market Committee press conference

The Federal Reserve's monetary policy group is expected to hold rates steady, but the chairman will face a litany of questions about the year ahead and on the inflationary impact of implications of th...

americanbanker.com

The last day has really driven home that US is no longer a stable international partner. So even if the Dems storm back to power, there’s no reason to believe any international agreement it makes or restores will last more than a few years. Not sure how the world deals with this, tbh

Releasing Fannie Mae and Freddie Mac from conservatorship is a priority for Trump. But why? It's a lot of risk with little political upside. One reason is the potential budgetary benefits (offsetting renewed tax cuts) but making that math work is no simple task www.americanbanker.com/news/gse-pri...

GSE privatization could help pay for tax cuts, but not easily

Sunsetting the federal oversight of Fannie Mae and Freddie Mac could ease the cost of renewing President Trump's 2017 tax act, but doing so is an uphill battle.

americanbanker.com

The winds of change in Washington have hit the Federal Reserve. This week the Fed's Board of Governors voted to leave the international climate policy group behind its recent dalliance with climate scenario testing. www.americanbanker.com/news/fed-pul...

Fed pulls out of international climate policy group

Citing concerns about going outside its statutory mandate, the Federal Reserve Board of Governors voted to leave the Network of Central Banks and Supervisors for Greening the Financial System.

americanbanker.com