Tagged: us federal reserve

US Federal Reserve Holds Rates Steady in Unanimous Vote

The US Federal Reserve, Federal Open Market Committee (FOMC), decides to hold rates steady in a unanimous vote. The FOMC meeting was the first overseen by new Fed Chairman Kevin Warsh, who was selected by President Donald Trump to replace former Chair Jerome Powell. The… Read More

Kevin Warsh, New Fed Chair, at Center Stage Today as FOMC Makes Rate Announcement

Kevin Warsh

New US Federal Reserve Chairman Kevin Warsh will be under scrutiny today as he oversees the first Federal Open Market Committee (FOMC) meeting to determine benchmark interest rates. Warsh was selected by President Donald Trump to replace beleaguered former Chair Jerome Powell, who was the… Read More

Revolut’s Goal of Becoming a Federally Chartered US Bank Opposed

Digital bank Revolut wants to become a federally chartered bank in the US. The successful UK-based Fintech is already approved to provide banking services in the EU. Revolut Bank UAB is licensed by the European Central Bank (ECB) and regulated by the Bank of Lithuania…. Read More

Kevin Warsh Sworn in As New Fed Chair as Inflation, Interest Rates on the Rise

Kevin Warsh

Kevin Warsh was sworn in as the new Federal Reserve Chairman at an interesting time for the United States. While President Donald Trump has publicly stated he wants an independent Fed Board Chairman, he has also declared his desire for lower interest rates as determined… Read More

Kevin Warsh Approved as Fed Chair, Enters Central Bank Leadership Position as Inflation is on the Rise

Kevin Warsh was approved as the next Federal Reserve Chairman today in a vote in the Senate that was largely along partisan lines. The vote was 54 for and 45 against, with Pennsylvania Senator  John Fetterman being the only Democrat to support his nomination. Warsh… Read More

US Federal Reserve Holds Rates Steady, Chairman Powell to Remain at Fed After Replacement Takes Over

The US Federal Reserve announced it had decided to hold rates steady, thus matching market expectations. What was interesting this time was the number of dissenters regarding a policy leaning toward easing going forward. The FOMC decided to maintain the target range for the federal… Read More

Here is Kevin Warsh’s Prepared Statement for Senate Banking Confirmation Hearing

Kevin Warsh

Kevin Warsh is on the hot seat today as he is up to take over as the Chairman of the US Federal Reserve, and his confirmation hearing is pointedly partisan as expected. While Republicans obviously support the nomination, Democrats aim to find ways to make… Read More

“We are Balancing Two Goals.” US Federal Reserve Holds Rates Steady

The US Federal Reserve announced today that it had decided not to change benchmark rates. The Committee decided to maintain the target range for the federal funds rate at 3.5% to 3.75%. All members of the Committee voted for the decision, except for Stephen I…. Read More

deVere CEP Nigel Green Calls For Federal Reserve Rate Cut

Latest US inflation data shows the Federal Reserve has the space to cut US interest rates, but despite the figures the central bank is unlikely to do so at its next meeting, says the CEO of global financial advisory giant deVere Group. The analysis from… Read More

Secretary of the Treasury Scott Bessent Calls Out Truflation’s Inflation Numbers at Senate Banking Hearing

Secretary of the Treasury Scott Bessent gave a shout-out to the alternative inflation-measurement firm Truflation during a Hearing of the Senate Banking Committee. Truflation is an independent entity that provides an alternative perspective on economic data points. The US government, and importantly, the US Federal… Read More

“A Surprisingly Conventional Pick” Comments on Selection of Kevin Warsh as Federal Reserve Chairman

Kevin Warsh was selected by President Donald Trump to become the next US Federal Reserve Chairman. As current Chair, Jerome Powell, is slated to exit the leadership role next May, Warsh should soon be guiding Monetary policy for the US. Market commentary has largely welcomed… Read More

Federal Reserve Governor Chistopher Waller Issues Statement on Decision to Hold Rates Steady

This past week, the US Federal Reserve decided to hold rates steady as was widely anticipated by markets. The vote saw two dissenters, Christopher Waller and Stephen Miran, who both preferred a 25 bps reduction. Today, Waller issued a statement explaining why cutting rates made… Read More

Kevin Warsh Tipped to Become Next Federal Reserve Chairman

Kevin Warsh, a former US Federal Reserve Governor and currently a Visiting Fellow at the Hoover Institution at Stanford University, has been selected by President Trump to become the next Fed Chair. Warsh received his BA at Stanford and earned his JD from Harvard Law… Read More

US Federal Reserve Pauses Rate Cuts, Two Members Dissent

As widely anticipated, the US Federal Reserve paused interest rate hikes today following a meeting of the Federal Open Market Committee (FOMC). The target range for the federal funds rate remains at 3.5% to 3.75%. The Fed said that economic activity has been expanding at… Read More

Threats on Fed Independence Undermine Markets: deVere CEO Nigel Green

The independence of the Federal Reserve, the world’s largest economy’s central bank, is under attack and markets won’t stand for it, cautions deVere Group CEO Nigel Green. The warning comes as Chairman Jerome Powell says he is now under federal criminal investigation related to the… Read More

How Trump’s Fed Battle Affects Bitcoin

The latest confrontation between President Donald Trump and the US Federal Reserve is pushing investors toward assets insulated from political influence, with Bitcoin “a beneficiary”. This is the analysis from deVere Group CEO Nigel Green, as Fed Chair Jerome Powell confirms he is facing a federal criminal investigation linked… Read More

Trump Administration May Be Backing Away from Investigation of Fed Chair Jerome Powell

In one of the outlandish moves by the Trump Administration, it emerged this past weekend that the US Department of Justice was investigating Fed Chair Jerome Powell over cost overruns for renovations at the US Federal Reserve. Powell took to X to declare he would… Read More

A Full Blown Banana Republic. Trump Administration Slammed for Indictment of Fed Chair Jerome Powell

The independence of the US Federal Reserve is sacrosanct. Removing it from the vicissitudes of elected officials, many of whom do not have a clue about economics and finance, has been foundational to the stability of the US economy. The revelation that the US Department… Read More

Alternative Inflation Index Truflation Reports PCE Below 1.9%

Trueflation, an alternative measure of inflation that differs from what the Federal government may publish, states that the Personal Consumption Expenditures (PCE )is now below 1.9%, significantly lower than the US Federal Reserve’s target of 2% and well below the US Bureau of Labor Statistics… Read More

US Federal Reserve Proposes New “Payment Account,” Fintechs May Be Interested

The US Federal Reserve Board has proposed a new “payment account” that certain financial institutions could use solely for clearing and settling payments. This may appeal to Fintechs in the payments sector. This would differ from a “master account,” which is what many regulated financial… Read More

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