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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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Former Fed Governor Kugler violated trading rules, filings show

Federal Open Market Committee, Federal Reserve, HWmember, Jerome Powell, Monetary policy, Mortgage, Regulatory /

Former Federal Reserve Governor Adriana Kugler is said to have engaged in several financial transactions that violated the central bank’s ethics rules, multiple outlets have reported. That’s according to filings made public by the Office of Government Ethics on Nov. 15. They revealed that Kugler filed the disclosures in September. The forms show that Federal

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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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December Fed rate cut still on the table for most economists

Economic indicators, Federal Reserve, Mortgage Rates /

After the Federal Open Markets Committee reduced short-term rates by 25 basis points at each of its two most recent meetings, economists are mixed on whether the December meeting will have a third cut, the November Wolters Kluwer Blue Chip Economic Indicators study found. The survey was taken on Nov. 4 and 5, prior to

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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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Trump proposes 50-year mortgage to help affordability

30-Year Fixed Mortgage, Donald Trump, Federal Reserve, Housing Market, Mortgage, Origination /

Trump on Saturday posted an image on social that seemed to suggest he would be proposing 50-year mortgages, something FHFA Director Bill Pulte confirmed shortly after on X. The image Trump posted on Truth Social features a head shot of President Franklin Delano Roosevelt under the title 30-year mortgage, and his own head shot under

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Waller hedges on nonbank access to ‘skinny’ master account

Waller hedges on nonbank access to ‘skinny’ master account

Federal Reserve, Politics and policy, Regulation and compliance, Stablecoin, Technology /

Bess Adler/Bloomberg Key insight: Federal Reserve Gov. Christopher Waller’s comments suggest the barriers to nonbank firms acquiring a “skinny” Fed master account — a concept Waller himself introduced late last month — may be higher than were previously assumed. Expert Quote: “There’s a misunderstanding out there that somehow just a fintech can show up and

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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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Fed says banks are well managed even with a deficient rating

Fed says banks are well managed even with a deficient rating

Federal Reserve, Regulation and compliance /

Kent Nishimura/Bloomberg Key Insight: The Fed says its revised supervisory framework reflects that large banks are well capitalized, have sound liquidity positions and good asset quality Supporting Data: Roughly 47% of large financial institutions were considered not “well managed” under the former framework. Expert Quote: “Bank ratings should reflect overall safety and soundness, not just

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US to keep note, bond sales steady for at least several quarters

Federal Reserve, Treasury bonds /

The US Treasury indicated it’s not looking to boost sales of notes and bonds until well into next year, in a decision that will see the government increasingly rely on bills to fund the budget deficit. In its so-called quarterly refunding statement Wednesday, the department said it anticipated keeping auction sizes unchanged for nominal notes, bonds and floating-rate

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