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Monetary policy

Supreme Court doubtful on validity of independent agencies

Federal Reserve, Litigation, Monetary policy, Politics and policy, Regulation and compliance, Trump administration /

Key takeaway: A majority of Supreme Court Justices appeared willing to undo a nearly century-old precedent underpinning the notion of independent regulatory agencies. Expert quote: “Humphrey’s must be overruled. It has become a decaying husk with bold and particularly dangerous pretensions. It was grievously wrong when decided and cases [in recent years] have thoroughly eroded […]

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Inside the brewing battle over regional Fed bank leadership

Federal Reserve, Interest rates, Monetary policy, Politics and policy /

Key Insight: Expectations are building that the regional Fed president reappointments set for February will break from historical norms, with a higher likelihood of dissents from the board of governors expected at the very least. Expert Quote:  “A couple of ‘no’s’ or abstentions can illustrate that the reappointment process is not merely a rubber-stamping or

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Bessent floats residency rule for regional Fed presidents

Federal Reserve, Inflation, Monetary policy, Politics and policy, Tariffs /

Key takeaway: Treasury Secretary Scott Bessent said in an appearance Wednesday that the Federal Reserve should require regional Fed presidents to reside in their districts for three years going forward. Supporting data: All 12 regional Fed presidents’ terms expire every five years and are reappointed as a bloc. The next vote on reappointing regional bank

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Kevin Hassett is the rumored lead for Fed chair position

Donald Trump, Federal Open Market Committee, Federal Reserve, HWmember, Jerome Powell, Monetary policy, Mortgage, Politics, Regulatory, Trump administration /

Kevin Hassett, director of the White House National Economic Council, is the leading candidate to be the next Federal Reserve chair, advisers and allies of President Donald Trump told Bloomberg, as the deadline for a new Fed governor approaches. Trump has voiced his opposition to the current Fed leader, Jerome Powell. Trump has threatened to

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With Powell set to move on, who are the candidates for the next Fed chair?

Federal Reserve, HWmember, Jerome Powell, Monetary policy, Mortgage, Regulatory, Trump administration /

Several candidates have been publicly identified to serve as the next chair of the Federal Reserve, with current Chair Jerome Powell‘s term coming to an end in May. Treasury Secretary Scott Bessent told CNBC’s Sara Eisen in October that he would give President Donald Trump “three or four candidates for him to interview” shortly after Thanksgiving. Trump, however, told reporters

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Fed’s Miran: Banks should hold more Treasuries, less reserves

Fed’s Miran: Banks should hold more Treasuries, less reserves

Federal Reserve, Monetary policy, Politics and policy, Regulation and compliance /

Aaron Schwartz/Bloomberg Key Insight: Federal Reserve Gov. Stephen Miran said certain bank regulations are preventing the Fed from further shrinking its balance sheet. Expert Quote: “Trying to settle the ongoing debates on how monetary policy is best implemented before settling the regulatory framework is putting the cart before the horse.” — Federal Reserve Gov. Stephen

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Fed Gov. Miran has a view on the economy. Is it persuasive?

Fed Gov. Miran has a view on the economy. Is it persuasive?

Federal Reserve, Housing markets, Interest rates, Monetary policy /

Jeremy Erickson/Bloomberg Key insight: Economists see validity in Fed Gov. Miran’s argument that shelter inflation is coming down, but note the impact to overall inflation may vary in significance.  Expert quote: “I don’t think that rental disinflation is really going to be enough of a reason on its own to say ‘mission accomplished on inflation.’ I

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Atlanta Fed President Bostic to retire in early 2026

Atlanta Fed President Bostic to retire in early 2026

Federal Reserve, Monetary policy, Regulation and compliance /

David Paul Morris/Bloomberg Key Insight: Federal Reserve Bank of Atlanta President Raphael Bostic, the first black and openly gay head of the regional bank, will end his term in early 2026. Until a successor is appointed, Cheryl Venable, vice president of the Atlanta Fed, will step in to fill the role.  Expert Quote: “I’m proud of

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Fed Gov. Barr says AI may cause ‘dislocations’ in labor force

Fed Gov. Barr says AI may cause ‘dislocations’ in labor force

Artificial Intelligence, CDFIs, Federal Reserve, Monetary policy /

Al Drago/Bloomberg Key insight: Federal Reserve Governor Michael Barr said the short-term impact of AI-related job cuts will likely lead to long-term economic gains, as new technology may create new jobs with higher pay. He also said the central bank is working to bring inflation back to its 2% target but noted there is “some

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Another Fed rate cut to finish 2025? Not so fast

Federal Reserve, HWmember, Inflation, Jerome Powell, Monetary policy, Mortgage Rates, Regulatory /

The odds that the Federal Reserve will cut benchmark interest rates again in December are still high — but not as high as they were before last week’s cut. As of Monday, according to the CME Group’s FedWatch tool, 70% of interest rate traders are anticipating another 25-basis-point pullback after the Fed’s final meeting of

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