The White House tightens control over the Fed — but not on rates
The White House is tightening its control over how the Federal Reserve regulates big banks as part of a new executive order ...
Trump's Executive Order Could Reshape Fed, SEC, And Other Financial Regulators
A sweeping executive order issued by President Donald Trump on Feb. 18 aims to bring the nation’s independent financial ...
US consumers cut spending in January more drastically than at any point in the last four years
A key price gauge declined last month, a sign that inflation may be cooling though stiff tariffs threatened by the White ...
Inflation Eased Slightly in January, Fed’s Preferred Gauge Showed
The central bank’s preferred inflation measure, released on Friday, climbed 2.5 percent in January from a year earlier, ...
fingerlakes110d
President orders stricter oversight of federal agencies, curbing independent regulators’ autonomy
In a sweeping move to assert greater control over federal regulatory agencies, President Biden issued an executive order on ...
Politico7d
Trump’s plan to rein in agencies sparks alarm for the Fed
That is, the Federal Reserve Act precludes precisely this kind of relationship between the White House and the Fed, even as it relates to supervision and regulation, said Scott Alvarez ...
U.S. Consumers Cut Spending More Drastically in January Than Any Other Time in the Past Four Years
Photo: U.S. consumers cut back sharply on spending last month, the most since February 2021, even as inflation declined, ...
Trump Order Requires SEC and Other Independent Agencies to Consult White House Before Making Rules
The executive order doesn’t explicitly mention enforcement, but observers expect that the assertion of total authority over ...
InvestmentNews9d
Trump executive order gives White House influence over SEC rulemaking
The order weighing on the federal agency's independence could also have implications on enforcement activity, concerned ...
The Washington Post10d
Trump moves to narrow independence of Fed, along with other Wall Street overseers
A White House spokesman had no immediate comment ... orders as appropriate and consistent with applicable law,” Federal Reserve Board Chair Jerome H. Powell told reporters late last month.
KALW2d
The FDIC's goal is to prevent another banking crisis. It's now also a Trump target
Trump and Musk say they want to reduce government spending. But their cuts to the FDIC won't save taxpayers any money — ...
bankingdive1d
Senators probe McKernan at nomination hearing
Given recent turmoil at the CFPB, Sen. Elizabeth Warren said Jonathan McKernan – nominated to lead the agency – seems “lined ...