This will not end well
The Justice Department has subpoenaed the Fed over chair Jerome Powell's testimony over the central bank's headquarters renovation. Powell calls it part of a pressure campaign over interest rates. n.pr/45GFwUD
Federal Reserve Chair Powell says the DOJ has subpoenaed the Fed and threatened charges. He calls it unprecedented and says it could undercut central bank independence and its focus on sound monetary policy.
www.federalreserve.gov/newsevents/s...
The tariffs “easing their way into the economy”
$6.6 Trillion. That’s the amount of market value destroyed so far as a result of Trump‘s tariffs.
Trying to preemptively blame the Fed for your incompetence isn’t a good look.
The FOMC decided to maintain the target range for the federal funds rate at 4-1/4 to 4-1/2 percent.
Powell will hold a news briefing in 90 minutes.
This week, approximately 200,000 federal workers have been let go.
In Dec. 2024, the Fed cut rates 0.25% to 4.25–4.5%. Cleveland Fed’s Hammack dissented, citing inflation risks as the Fed flagged concerns about the incoming administration’s policies. Her dissent highlights tensions over easing pace amid uncertainty.
www.federalreserve.gov/newsevents/p...
Today, the Federal Reserve reduced its benchmark interest rate by 0.25 percentage points to a target range of 4.25% to 4.5%, marking the third consecutive cut this year. Despite this anticipated move, the stock market reacted negatively, with major indices experiencing notable declines.
Fed Governor Waller hints at a possible December rate cut but throws doubt into the mix, pointing to stubborn inflation data. The stakes hinge on upcoming economic reports, keeping markets on edge about the next move.
www.federalreserve.gov/newsevents/s...
#primerate #federalreserve #economics
Federal Reserve Chair Jerome Powell said Wednesday he isn’t worried President-elect Donald Trump will try to politicize the central bank once he takes office in January.
Fed Governor Adriana D. Kugler credits surging immigration as a key force stabilizing the U.S. economy, fueling labor supply amid shocks. This influx helped drive growth, tame inflation, and achieve resilience without major job losses.
www.federalreserve.gov/newsevents/s...
#fed #immigration
Okay, can we talk about the FINCEN logo? Yes, this is a real governmental organization.
boiefiling.fincen.gov
The Federal Reserve announced a 2.8% price hike for payment services in 2025, likely raising bank fees for consumers, as institutions pass on the costs to maintain operations and invest in infrastructure.
www.federalreserve.gov/newsevents/p...
Don’t forget the economy 🫠
Well, isn’t that convenient? Musk gets named to the fake department of DOGE, and suddenly NASA’s future is up for debate—just as SpaceX is poised to cash in. Funny how “efficiency” seems to mean redirecting public funds straight into private pockets.
“.. At least 50 of the largest U.S. retailers boosted interest rates on their store credit cards in the months before the Federal Reserve began cutting rates ..”
@cnbcofficial.bsky.social $RLX
www.cnbc.com/2024/11/22/r...
The 47th President will inherit a thriving economy… Let’s not forget, this is *in spite* of him, not because of him.
Federal Reserve Governor Michelle Bowman addresses the transformative impact of AI on the financial system, stressing innovation, responsible implementation, transparency, and robust regulation to manage risks and maximize benefits.
www.federalreserve.gov/newsevents/s...
The November 2024 Financial Stability Report highlights U.S. vulnerabilities, including elevated asset valuations, high business and household debt, and financial risks. It emphasizes monitoring these factors to address disruptions and safeguard stability.
www.federalreserve.gov/publications...
The Fed serves the U.S. dollar, not the president.
The November 2024 report underscores the banking system’s strength despite challenges like rising costs and delinquencies. Capital levels remain solid, with regulatory updates and oversight prioritizing risk management and stability.
www.federalreserve.gov/publications...
#federalreserve
On November 7, 2024, the Federal Reserve lowered the federal funds rate by 0.25 percentage points to 4.5%–4.75%, citing solid economic activity, rising unemployment, and progress on inflation. Future adjustments will depend on evolving economic conditions.
www.federalreserve.gov/monetarypoli...
