Learn more about our latest world economic outlook and the economic prospects that will impact your region.| Oxford Economics
The Standing Repo Facility got a bit of use on Sept. 15 (corporate tax day) amid minor liquidity strains in the repo market.| Wolf Street
The rise of the “non-traditional reserve currencies.”| Wolf Street
Whatever they say, consumers’ actual spending has remained rock solid, even if sentiment is yet to return to prepandemic levels. The post Bummed Consumers Predict Shrinking Labor Market, Spiking Inflation appeared first on The Daily Upside.| The Daily Upside
Last year, lightning hit over seven times more people than the federal government convicted of mortgage fraud. What's going on?| Banker & Tradesman
To display this content from YouTube, you must enable advertisement tracking and audience measurement.| France 24
A new study of investor behavior during the 2023 bank runs found that news coverage was at least as important as underlying bank fundamentals in driving investor perceptions of bank risk. The post New York Fed study examines media role in 2023 bank failures appeared first on ABA Banking Journal.| ABA Banking Journal
Fitting for 2025, a government shutdown is all but guaranteed to deliver even more uncertainty into the macroeconomic mix. The post Wall Street Braces for Government Shutdown Chaos appeared first on The Daily Upside.| The Daily Upside
Buy a Paid Subscription The developments in the legal fight between the Federal Reserve Governor Lisa Cook and the second Trump administration have evolved quite rapidly over the past three weeks. It's past time to examine where we’ve been, where we stand as of this writing and what it| Notes on the Crises
This week on The Unregulated Podcast Tom Pyle and Mike McKenna discuss the looming government shut down, rate hikes around the country, what is causing them, and more. Links: American Energy Alliance · #245: Wild Blue Yonder (9/22/25) The post The Unregulated Podcast #245: Wild Blue Yonder appeared first on American Energy Alliance.| American Energy Alliance
One of the least understood but most consequential aspects of American government is the United States Federal Reserve System. Bankers, investors, and even the president sit with bated breath, waiting to see how the Fed will manage interest rates. The Fed is so important to the world economy that the president sometimes may feel the... Read more about: Jerome Powell: The Fed’s White Knight The post Jerome Powell: The Fed’s White Knight appeared first on The American Mind.| The American Mind
By David Enna, Tipswatch.com One day after the Federal Reserve acted to lower short-term interest rates, the Treasury’s offering of $19 billion in a reopened 10-year Treasury Inflation-Protected Security — CUSIP 91282CNS6 — drew surprisingly weak demand from investors. The … Continue reading →| Treasury Inflation-Protected Securities
Annual all-items inflation rose to 2.9%, the highest level since January By David Enna, Tipswatch.com In what could be a crucially important report, the Bureau of Labor Statistics reported today th…| Treasury Inflation-Protected Securities
Today on TAP: And so is Trump’s maneuver to take over the central bank. Even if he were to succeed, there is no good monetary cure for Trump’s economic carnage.| The American Prospect
Amid only one dissent, FOMC Cuts by 25 basis points. “Dot Plot” sees 50 basis points in additional cuts in 2025. Risks shift to labor market. QT continues.| Wolf Street
Bleibt die Fed unter Trump unabhängig? Die Europäer wollen es nicht darauf ankommen lassen – und beraten über ein Ende von deren Antikrisenprogramm.| taz.de
On September 12, the U.S. District Court for the Eastern District of Kentucky upheld the Federal Reserve Board’s Regulation II cap on debit-card interchange fees, rejecting a merchant’s Administrative Procedure Act challenge. The court concluded the rule is neither “contrary to law” nor “arbitrary and capricious,” interpreting the Dodd-Frank Act’s Durbin Amendment under the Electronic... Continue Reading|
There is ample evidence that the economy has weakened and continues to do so. Most recently, the Bureau of Labor Statistics (BLS) reported that job growth between April 2024 and March 2025 was revised down by 911,000 from about 1.79 million to roughly 879,000. 911,000 is a massive revision figure. It’s the largest since 2000....| Bull Oak
The Fed has had an official inflation target of 2% since 2012, a commitment they reaffirmed just last month after their policy review: The Committee reaffirms its judgment that inflation at the rat…| Economist Writing Every Day
Does the Fed have the credibility not only to cut its policy rate next week but also to reduce it further in the following months, to the long-run neutral rate of 3% without stoking inflation?| The Real Economy Blog
As famed economist and New York Times bestselling author George Gilder points out, “despite multi-billion dollar stimulus packages and near-zero interest rates, Wall Street recovers but the economy never does.” In his groundbreaking new book, The Scandal of Money, Gilder unveils a radical new explanation for our economic woes. Gilder also exposes the corruption of the Federal Reserve, Washington power-brokers, and Wall Street’s “too-big-to-fail” megabanks, Read More ›Source| Books – Discovery Institute
The Federal Reserve will probably cut rates next week: I can’t advise them on the complex politics of this, but based on the economics I think cutting would be a mistake. I see one good reaso…| Economist Writing Every Day
Recent events regarding Lisa Cook’s attempted firing by Donald Trump have convinced me to do a premium series on the history of racial segregation and the Federal Reserve. This is for a few reasons. First, I think it's difficult to understand the import of this moment| Notes on the Crises
This is a free Notes on the Crises article. A reminder to readers that the various activities run out of the still-new Notes on the Crises office cost money, while an enormous amount of time and effort goes into my writing and my constant dedication to refresh and deepen my| Notes on the Crises
It won’t work, but it sure will rattle the economy.| The American Prospect
The Financial Crimes Enforcement Network and U.S. banking agencies today released guidance for financial institutions on how to share financial| ABA Banking Journal
Average mortgage rates in August continued their steady decline and are now at their lowest rate since last November. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.59%, 13 basis points (bps) lower than July. Meanwhile, the 15-year rate declined 15 bps to 5.71%. Compared to a year ago, the 30-year rate is higher…| Eye On Housing
Is the Fed finally going to cut interest rates this month?| CryptoPotato
It would be unusual for all of the other board members to serve out their entire terms, but if they did, then five of the six current members would remain in office beyond the end of Trump’s second…| Economist Writing Every Day
Support Notes on the Crises! Hello readers; I’m long overdue for major updates across a whole range of issues. I have continued to work full time on Notes on the Crises but the work of setting up a physical office takes significant time and energy. Among other things, I| Notes on the Crises
Today on TAP: Trump didn’t give a reason for firing other members of independent agencies. Roberts can say he gave one here.| The American Prospect
The American Bankers Association today recommended that federal regulators quickly finalize a series of proposed changes to the enhanced supplementary| ABA Banking Journal
[vc_row][vc_column][vc_column_text]Join Federal Reserve Financial Services (FRFS) this fall at upcoming conferences, where industry experts and professionals will be engaging around the momentum for instant and faster payments adoption, fraud trends and latest prevention and mitigation tools and efforts, the value and opportunities of payments standards, and more. Here’s a preview of key events (Off-site). Jack Henry™ Connect: Sept. 8-11, San Diego, CA Jack Henry Connect (Off-site) offer...| FedPayments Improvement
Federal Reserve Chair Jerome Powell carefully opened the door to an interest-rate cut in September, pointing to rising risks for the labor...| Auto Finance News
US President Donald Trump is weighing legal action against Federal Reserve Chair Jerome Powell, tying the clash to his demand for an immediate interest rate| Bitcoinist.com
The Labor Department reported that U.S. inflation remained stable in July, with consumer prices rising by 2.7% compared to last year| ASBN Small Business Network
The Federal Reserve governor said the uptick in buy now pay later repayment issues is likely a sign that consumers don't understand the terms of the emerging credit offering.| American Banker
The Federal Reserve will sunset a program started in 2023 to supervise bank activities related to cryptocurrencies and financial technology| ABA Banking Journal
The Fed should be replaced by free markets, not unbridled presidential power.| Reason.com
It is time for Congress to rein in and audit the Federal Reserve as it continues to undermine the U.S. dollar and usurp new powers, explained U.S. Congressman Warren Davidson on Conversations That Matter with The New American magazine Senior Editor Alex Newman. Davidson, who has sponsored and co-sponsored multiple bills targeting the Fed, warned ... The post Time to Take Aim at Federal Reserve: US Rep. Davidson appeared first on The New American.| The New American Podcast
The American Bankers Association yesterday said it supports proposed revisions to the Call Report that ease a compliance burden on| ABA Banking Journal
Bitcoin took a symbolic step into the US central bank on Thursday as President Donald Trump nominated Dr. Stephen Miran, the White House Council of Economic| Bitcoinist.com
Presidente deu a declaração após um oficial da Casa Branca afirmar que a demissão de Powell do Fed poderia ocorrer em breve, após uma reunião de Trump com legisladores republicanos| Bloomberg Línea Brasil
Sellers are trapped in low-rate loans. Buyers can’t climb high enough to reach inflated prices. And the market, once again, is frozen by design.| Blaze Media
Publisher’s note (Nathan Tankus): A while ago I got the permission of my friends at Bloomberg Oddlots to clean up and publish transcripts of episodes that they didn’t have the time or inclination to produce (Incidentally, you can check out the New York Times profile of Oddlots published| Notes on the Crises
Banks reported tighter lending standards and weaker demand for commercial and industrial loans to firms of all sizes during the| ABA Banking Journal
A federal court yesterday granted a request by the Federal Reserve and a coalition of bank and business associations to| ABA Banking Journal
Stock markets were up after Fed reached an expected decision not to cut rates.| crypto.news
Possível demissão do presidente do Federal Reserve por Donald Trump poderia desencadear uma venda do dólar americano e dos títulos do Tesouro, disse George Saravelos, chefe global de estratégia cambial do Deutsche| Bloomberg Línea Brasil
The Arizona Senate Finance Committee has approved SB1025, also known as the "Arizona Strategic Bitcoin Reserve Act"| crypto.news
A White House task force yesterday released a report on strategies to strengthen U.S. leadership in digital assets, including policy| ABA Banking Journal
The Federal Reserve today announced it has joined other banking agencies in allowing banks to collect taxpayer identification number information| ABA Banking Journal
The Fed kept interest rates unchanged for the fifth time this year, resisting Trump’s calls for a cut as inflation and internal dissent shape policy.| Long Island Business News
Do you agree? Probably not. But high interest rates benefit savers. By David Enna, Tipswatch.com Let’s step back in time, to 1965: I was 12 years old and folks from a nearby Savings and Loan …| Treasury Inflation-Protected Securities
Donald Trump keeps forgetting things and telling odd and impossible tales, much like his predecessor Joe Biden.| Rolling Stone
The House Financial Services Committee this week advanced six bills supported by the American Bankers Association, including legislation concerning the| ABA Banking Journal
The Federal Reserve (Fed) implements monetary policy in a regime of ample reserves, where short-term interest rates are controlled mainly through the setting of administered rates, and active management of the reserve supply is not required. In yesterday’s post, we proposed a methodology to evaluate the ampleness of reserves in real time based on the slope of the reserve demand curve—the elasticity of the federal (fed) funds rate to reserve shocks. In this post, we propose a suite of comp...| Liberty Street Economics
The Federal Reserve, FDIC and Office of the Comptroller of the Currency today published the fourth in a series of| ABA Banking Journal
The House today voted in favor of two bills to create a regulatory framework for payment stablecoins and digital assets.| ABA Banking Journal
A durable regulatory framework for stablecoins must balance the potential for enhancing payments with the need to limit negative economic| ABA Banking Journal
Three watershed cryptocurrency bills passed through the US House of Representatives on Thursday, solidifying President Donald Trump's ambitions to grow and deregulate an industry that has significantly…| France 24
On July 14, the OCC, Federal Reserve, and FDIC announced the release of a joint statement clarifying how existing laws and regulations apply to| Consumer Finance and Fintech Blog
We now expect growth to slow to 1.1% this year, inflation to rise above 3% and a 4.4% unemployment rate.| The Real Economy Blog
Investors betting on a near-term plunge in interest rates may be mistaking political theater for monetary policy reality. President Donald Trump’s renewed pressure on Federal Reserve Chair Jerome Powell has stirred speculation in the bond and futures markets. But history — and Powell’s own posture — suggest that such expectations are misplaced. Past confrontations between […]| CFA Institute Enterprising Investor
The new and improved Standing Repo Facility (SRF) sprang into action for one day at quarter-end on June 30.| Wolf Street
By David Enna, Tipswatch.com The Bureau of Labor Statistics, which compiles and publishes monthly U.S. inflation reports, posted a cryptic announcement this week noting it was scaling back collecti…| Treasury Inflation-Protected Securities
The Federal Reserve is one of the most powerful institutions destroying the U.S. economy and facilitating the expansion of government power.| The New American
The U.S. national debt just passed $36 trillion, only four months after it passed $35 trillion and up $2 trillion for the year. Third quarter data is not yet available, but interest payments as a percent of tax receipts rose to 37.8% in the third quarter of 2024, the highest since 1996. That means interest is eating up over […]| WEB OF DEBT BLOG
Trump’s Budget has similarities with Truss’s – will his fate be the same? This article is by Mark E Thomas and Vincent Gomez of the 99% Organisation, a former investment banker […]| 99%
The Federal Reserve and a coalition of bank and business associations have requested that a federal court pause litigation challenging| ABA Banking Journal
Given recent events, I felt it was finally time to come back and publish this piece. Most of my writing was going to be devoted to piercing the ideology of central bank independence so that the Federal Reserve would be treated like an independent administrative agency like any other.| Notes on the Crises
Trump's comments drove the stock market and the U.S. dollar lower as investors in the U.S. and overseas grow increasingly wary about the economic standing of the U.S.| Global News
The Federal Reserve is proposing to change how it conducts stress tests for large banks to reduce the volatility of| ABA Banking Journal
The payment by the Federal Reserve of interest on bank reserves may sound like an abstruse matter of economic theory,| ABA Banking Journal
Banking regulators today announced they have temporarily paused certain appraisal requirements for real estate-related transactions in Los Angeles County in| ABA Banking Journal
I have a confession to make. Two months ago I tried to crash the stock market. Let me explain.| Notes on the Crises
It has been a little more than three weeks since my last piece, simultaneously published by Notes On The Crises and Rolling Stone, assessing the extremely alarming implications of the Federal Government taking 80.5 million dollars right out of New York City’s bank account.| Notes on the Crises
I don’t really know what to say. I’ll figure out what to say another time. Paul Krugman, who recently left the New York Times, interviewed me for his newsletter and the transcript of the conversation, as well as the video, are being posted in both of our newsletters.| Notes on the Crises
For the past year and a half I’ve increasingly focused on using FOIA to scrutinize the Federal Reserve. Before I unveil the crown jewel of what I’ve accomplished so far, I think it's worth stepping back and saying why I’ve undertaken such a broad project.| Notes on the Crises
Federal Reserve Chair Jerome Powell today said that “no other federal regulator” is examining large banks to ensure they are| ABA Banking Journal
Will Trump Add Gold to the U.S. Sovereign Wealth Fund? What It Could Mean for Gold Prices? - With Donald Trump’s recent push to create a U.S. sovereign wealth fund (SWF), many investors are wondering: Will gold be part of it? Given Trump's| Gold IRA Guide
This is a free piece of Notes on the Crises. Reader support which makes my Freedom of Information Act project, archival research and general writing possible (including my #MonetaryPolicy201 series). Monday is the last day paid subscriptions are 50% off so take advantage while you still can Please recommend an| Notes on the Crises
Please recommend an institutional subscription to your academic library or employer (details here) The debt ceiling was unsuspended January 1st of this year which means the debt ceiling is back. According to now-former Treasury secretary Janet Yellen, they began using “extraordinary measures” to avoid hitting the debt ceiling as of| Notes on the Crises
The Federal Open Market Committee announced today that it would lower the target range for the federal funds rate by| ABA Banking Journal
Bank regulators should be open to easing some of the unique regulatory burdens facing mutual banks, Federal Reserve Governor Michelle| ABA Banking Journal
The Federal Reserve holds interest rates steady as concerns about President Trump's policy changes and inflation persist.| CBT News
The Federal Reserve today announced it has pulled out of a coalition of central banks formed to tackle climate change| ABA Banking Journal
The bank may look profitable to shareholders, but disclosures compiled by Risky Finance made it possible to uncover the story of this trading loss at Goldman Sachs| Risky Finance
The Federal Reserve cut the rate by a quarter of a percentage point, which was in line with economist expectations.| Virginia Mercury
The authors review how to gauge the ampleness of reserves in the banking system using a new Reserve Demand Elasticity measure, to be published monthly by the New York Fed.| Liberty Street Economics
By Anaya Jhaveri and John Paul Rothenberg ABA Data Bank The Federal Reserve’s senior loan officer opinion survey, or SLOOS,| ABA Banking Journal
The Federal Reserve has scheduled five Ask the Fed webinars for November on topics ranging from economic conditions in agriculture| ABA Banking Journal
A proposed rule to establish uniform financial data standards across regulatory agencies should either be revised to comply with federal| ABA Banking Journal
Over the past 25 years, the yield curve predicted 4 business-cycle recessions, two of which didn’t come. So we handle it with care.| Wolf Street
A bipartisan, bicameral bill would allow designated financial regulatory staffers to test the technology’s tools without the threat of such actions.| FedScoop
Four federal agencies today proposed a joint rule that would align each agency's Bank Secrecy Act compliance program requirements with| ABA Banking Journal
When it comes to liquidity reform, it is imperative that regulators tackle “known and identified issues” that were exposed during| ABA Banking Journal
Federal banking regulators today made available the 2024 list of distressed or underserved nonmetropolitan middle-income geographies. Distressed or underserved nonmetropolitan| ABA Banking Journal
Five agencies today issued final guidance to highlight what they said are the risks associated with deficient residential real estate| ABA Banking Journal
Bank regulators have failed to consistently document their analyses and reviews of proposed and existing rules, with the Federal Reserve| ABA Banking Journal