CFPB Official Quits With Fiery Email
The Trump administration has frozen the agency’s work and abandoned most of its lawsuits against banks and lenders.
Banking and Financial Institutions
Can Trump Fire Powell? He Says He Won’t, But His Fed Battle May Not Be Over.
The president said he has “no intention” of ousting Jerome H. Powell, the Fed chair, but the administration’s willingness to challenge norms regarding the central bank’s political independence is causing concern.
Scott Bessent Accuses IMF and World Bank of ‘Mission Creep’
Treasury Secretary Scott Bessent argued in a speech that the multilateral economic institutions have veered away from their missions.
As Trump’s Tariffs Stoke Economic Uncertainty, the Fed Debates Its Next Steps
The central bank’s outreach to companies has taken on new significance as the outlook for growth and inflation gets cloudier.
Inflation Remained Sticky Ahead of Trump’s Escalating Trade War, PCE Data Shows
The Federal Reserve’s preferred inflation measure showed underlying price pressures persisting in February.
The Senate votes to overturn a rule limiting bank overdraft fees to $5.
Lawmakers voted to invalidate a rule adopted last year by the Consumer Financial Protection Bureau. It now moves to the House.
Trump’s Crypto Venture Introduces a Stablecoin
World Liberty Financial, the crypto business created by President Trump and his sons, unveiled a cryptocurrency called a stablecoin, furthering his ties to an industry his administration regulates.
Supreme Court Rules for Chicago Politician in Bank Fraud Case
The justices unanimously said a law prohibiting “any false statement or report” did not cover misleading assertions that fell short of outright lies.
Fed in No Hurry to Adjust Rates Amid Trump Policy Uncertainty
Jerome H. Powell says the Fed is focused on separating “signal from the noise,” as the president whipsaws on tariffs.
Stocks Post Biggest Loss of the Year on Trump’s Tariff Plans
The S&P 500 fell 1.8 percent on Monday after President Trump doubled down on plans to impose 25 percent tariffs on Canada and Mexico starting Tuesday.