Treasury Secretary Scott Bessent said the U.S. housing market is in a recession due to high interest rates, and repeated his call for Fed cuts to lower mortgage rates.
On October 21, 2025, Governor Christopher J. Waller of the Board of Governors of the Federal Reserve System (the “Federal Reserve”) delivered opening remarks at the inaugural Payments Innovation Conference (the “Conference”). Governor…
Every month, the Federal Reserve releases an important report called the G.19 Consumer Credit Report. It might not make headlines every time, but for economists, investors, and everyday readers who care about the economy, it’s one of the…
Some financial experts have said Nigeria’s $43.4 billion external reserves, the highest in five years, signaled investors’ confidence, Naira stability, and stronger support for policies that improve citizens’ welfare. According to the News…
Two federal judges on Friday ordered President Donald Trump's administration to resume funding the Supplemental Nutrition Assistance Program (SNAP), directing the use of emergency reserves to keep the nation's largest food aid program…
On October 16, Federal Reserve Governor Michael Barr delivered remarks highlighting the significant implementation gaps regulators must bridge under the GENIUS Act, the newly enacted federal framework for payment stablecoins. Barr’s…
Christopher Waller, a Federal Reserve governor and Fed chair candidate, joined "Kudlow" and responded to Chairman Jerome Powell’s claim the agency is driving through "fog."
BOSTON (AP) -- Two federal judges ruled nearly simultaneously on Friday that President Donald Trump's administration must continue to pay for SNAP, the nation's biggest food aid program, using emergency reserve funds during the government…
Two federal judges ruled nearly simultaneously on Friday that President Donald Trump's administration must continue to pay for SNAP, the nation's biggest food aid program, using emergency reserve funds during the government shutdown.
The court upheld the Federal Reserve Board's right to block Custodia from direct access to its payment systems. The bank is considering asking for a rehearing.
The Federal Reserve is reportedly set to reduce the staff of its supervision and regulation division by 30%, from 500 to 350, The Wall Street Journal reported Thursday (Oct. 30), citing an internal memo. The memo said that the cuts were…
On October 16, Federal Reserve Governor Michael Barr delivered remarks highlighting the significant implementation gaps regulators must bridge under the GENIUS Act, the newly enacted federal framework for payment stablecoins (previously…