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Category Federal Reserve

Trump’s early Fed chair pick talk rattles dollar markets

Trump’s early Fed chair pick talk rattles dollar markets

The dollar lost ground fast on Thursday after The Wall Street Journal reported that Trump might reveal his next Federal Reserve chair pick much ear...
Fed plan lowers capital floor by billions

Fed plan lowers capital floor by billions

The Federal Reserve on Wednesday released a proposal to cut the capital buffer that big US banks are required to hold, triggering internal backlash...
Employee at Billion Dollar Bank Embezzles $44,000 From Customer Accounts Before Being Banned From Industry

Employee at Billion Dollar Bank Embezzles $44,000 From Customer Accounts Before Being Banned From Industry

An employee at a $23.8 billion bank embezzled $44,000 worth of customer money before getting slapped with an industry ban. The Federal Reserve says...
Fed Chair Jerome Powell Addresses US Dollar Weakness, Says Markets Are in ‘Unusually Challenging’ Circumstances

Fed Chair Jerome Powell Addresses US Dollar Weakness, Says Markets Are in ‘Unusually Challenging’ Circumstances

The Chair of the Federal Reserve says financial markets are dealing with a unique set of circumstances that may be contributing to dollar weakness....
Powell testifies as Fed holds rates steady despite pressure

Powell testifies as Fed holds rates steady despite pressure

Donald Trump, speaking from the NATO summit in the Netherlands on Wednesday, confirmed he’s actively reviewing candidates to replace Federal Reserv...