Tag: Chair of the Federal Reserve

Economy and TradingPolicy

Fed Governors Split on Rate Cut Size as October Meeting Approaches

Federal Reserve officials are divided on the size of upcoming interest rate reductions, with Governor Stephen Miran pushing for a half-point cut while Christopher Waller advocates for a quarter-point reduction. The disagreement comes amid conflicting economic signals from labor market data and persistent inflation pressures.

Divergent Views Emerge Ahead of Fed Meeting

Federal Reserve Governors Stephen Miran and Christopher Waller have presented conflicting views on how quickly the central bank should lower interest rates, according to reports from the Invest i America Forum. The division comes as policymakers grapple with a weakening labor market and heightened geopolitical tensions that are complicating the economic outlook.

by Megan Carter
GovernmentPolicy

US Regulators Reverse Climate Risk Standards for Banks Following Political Pressure

US banking regulators have withdrawn climate-related financial risk standards for financial institutions. The move follows significant pressure from former President Donald Trump and Republican lawmakers who argued climate considerations had become overly influential in financial regulation.

Regulatory Shift on Climate Risk Management

United States banking regulators have reportedly reversed course on requiring financial institutions to detail their management of climate-related financial risks, according to recent statements from federal agencies. The decision comes after sustained pressure from former President Donald Trump and Republican Party lawmakers who have consistently argued that climate considerations were exerting undue influence on banking oversight.

by Megan Carter