U.S. Banks Seek Further Easing of Federal Reserve Capital Rules
Major U.S. banks are making a final push for changes to the Federal Reserve’s proposed capital rule overhaul, arguing that some requirements remain overly restrictive despite significant revisions by regulators. The banking industry is...
U.S. Inflation Expected to Hit Three-Year High in May
The annual rate of U.S. consumer inflation is expected to accelerate to 4.2% in May, marking its highest level in three years, according to economists surveyed by Reuters. Rising energy prices, driven by tensions...
Powell Warns Against Politicizing Federal Reserve, Urges Protection of Democratic Institutions
Former U.S. Federal Reserve Chair Jerome Powell has warned against the dangers of politicizing the central bank, stressing the importance of protecting democratic institutions in the United States. Speaking while accepting the John F....