Key insight: As the Trump era banking agenda rolls on, a holdover appointee from the Biden administration says the benefits are not being evenly distributed. Expert quote: “The share of executive compensation as a share of revenue went up by 18% from last year and the share buybacks are up 66%. That’s not benefiting communities […]
Fed’s Barr: Regulatory relief increased big bank profits, not lending Read More »
Processing Content Key insight: The Federal Reserve’s bylaws — or lack thereof — mean that the Fed chair’s actual powers are largely undefined and based on precedent, norms and persuasion. Forward look: The possibility of a Democratic appointee after the next presidential election could create the conditions for a power struggle on what has long
Who really controls the Fed board? Read More »
Key insight: Federal Housing Finance Agency Director Bill Pulte will be President Donald Trump’s acting director of national intelligence. What’s at stake: Pulte will remain at FHFA, where he’s used the agency’s resources and data to attack the Trump administration’s political enemies, including Sen. Adam Schiff, D-Calif., and Federal Reserve Gov. Lisa Cook. Forward look:
FHFA’s Pulte tapped for acting director of national intelligence Read More »