On June 25, the Federal Housing Finance Agency (FHFA) issued a directive ordering Fannie Mae and Freddie Mac to prepare proposals for treating cryptocurrency held on U.S.-regulated exchanges as assets for reserves in single-family mortgage…
In 2002, former Federal Reserve Chair Ben Bernanke gave a speech on Milton Friedman’s 90th birthday about Friedman and Anna Schwartz’s research on the Great Depression. The research concluded that the Federal Reserve, in order to curb the…
The biggest U.S. banks reportedly increased their dividends after passing the Federal Reserve’s annual stress tests last week. [contact-form-7] Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase & Co., Morgan Stanley and Wells Fargo…