FILE PHOTO: The Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 27, 2019. REUTERS/Brendan McDermid
The proposed changes would implement provisions of a bank deregulation law passed by Congress in May, which directed the Fed to ease requirements in several areas for banks with less than $250 billion in assets. However, Reuters reported in March the Fed was considering tighter rules on foreign bank branches over concerns they could allow overseas lenders to shield assets from the toughest U.S. bank rules.
Underhanded with stooges!
Grrrrrr
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Dallas Fed President: Too Soon for Fed to Consider Cutting RatesSome Federal Reserve officials are saying it is too soon to consider cutting U.S. interest rates, despite rising market speculation of such a move because of slowing global growth. Philly and Dallas. I need to check which Feds are on rotation.
Source: WSJ - 🏆 98. / 63 Read more »
Official Says White House Stands Behind Stephen Moore’s Fed NominationThe White House is standing behind the proposed nomination of Stephen Moore to the Federal Reserve board, a senior administration official said Monday, following reports of Mr. Moore’s past legal and financial problems. Of course they are. Has there ever been a more illiterate person for a proposed nomination? Deja Vu all over again.
Source: WSJ - 🏆 98. / 63 Read more »
Larry Kudlow has a point in calling for an immediate Fed rate cut, strategist saysFurther inversions along the yield curve would likely spook the stock market because fears of a recession would spike, James Bianco says. And what happens when the economy weakens?..what tools will the fed have? This is admission that the only impact Trump has had on the economy, the 2017 tax cut, was a failure.
Source: CNBC - 🏆 12. / 72 Read more »
Trump Fed pick Moore shorted ex-wife on more than $300,000 for child support, divorce: ReportStephen Moore, President Donald Trump's nominee for a seat on the Federal Reserve board of Governors, was held in contempt of court for not paying his ex-wife more than $300,000 in alimony, child support and a divorce settlement. No you're seeing it wrong. This was a marriage cut. Once it finally takes hold you'll see their marriage be even stronger than had he paid that money out earlier. 'The issue is not whether it's ethical' Mick Mulvaney sums ups the Trump Inc gov't attitude to everything. It is about loyalty, fealty to dear leader, obedience to doctrine or tweet the day. Get aoc to pay the taxes on her failed business! Stop being so biased in your reporting styles!
Source: CNBC - 🏆 12. / 72 Read more »
Things are only getting tougher for Chair Jerome Powell and his 'all over the place' FedThe central bank chief now faces a landscape full of mines that could detonate in any direction. Can you please stop putting Susie Welch on air to give average people career and money advice? Her path to success was to have an affair with Jack Welch. Ridiculous.... when did Shiller and Krugman say the recession was going to hit?
Source: CNBC - 🏆 12. / 72 Read more »
Fed sets agenda for Chicago 'framework' conference in JuneThe U.S. Federal Reserve on Monday released the agenda for a June conference to ...
Source: Reuters - 🏆 2. / 97 Read more »
The Fed has made a big mistake, and here's how Powell could fix it: StifelThe Fed made a mistake in hiking rates in December, and it will take two rate cuts to correct, says Stifel's Barry Bannister. The biggest lying SOB. All the FEDs do is watch the s&p and spread rumors and send comments through the wires. What a losers. How will they fix the debt issues consumers face? American greatness should be entirely independent from global trends. The fed did fine. They always hike once too many or wait to long to hike. It all works out in the end. And this yield curve is never before seen.
Source: CNBC - 🏆 12. / 72 Read more »
Trump's Fed Pick is a Serious Problem - Here's Why It MattersUntil recently, Mr. Trump's penchant for appointing unqualified cronies to high office had not afflicted his picks for finance-regulatory posts. That changed last week with his choice of Stephen Moore for the Fed. The Senate must not approve this appointment. U were so wrong on the mueller probe that u are not believable anymore... carry on *** Lmao The Fed is 'Privately Owned' & NOT a government entity... So why would it matter who he picked?🤷♂️ BTW, it isn't 'Mr. Trump' it is 'President Trump', your choice of words in your article shows the outright hatred you have at your core for realDonaldTrump... INSTABAN and StopFollowingForbes, bye!
Source: Forbes - 🏆 394. / 53 Read more »