Jerome Powell

The changing metrics of credit; HSBC wants out of France


Lenders considering other factors for those with bad or no credit history; the bank plans to sell its French retail unit.


Trump adds to pressure on Fed, seeking rates of zero ‘or less’


President Donald Trump urged the Federal Reserve to lower interest rates to a level typically reserved for recessions or periods of persistently weak growth, suggesting that such a setting could allow the government to restructure Treasury debt at a lower cost.


Volcker the man blasts Volcker the rule in letter to Fed chair


The recent revision of Volcker Rule limits on banks' ability to speculate with their own capital has cost regulators a meaningful supporter: Paul Volcker.


The Fed shouldn't enable Donald Trump: Bill Dudley


Trump's re-election arguably presents a threat to the U.S. and global economy, to the Fed's independence and its ability to achieve its employment and inflation objectives, the former N.Y. Fed chief says.


Bankers turn curiously optimistic about the economy


Competition for deposits is tight, the outlook for loan demand is uncertain, and regulatory relief is slow-moving. Yet community bankers are feeling better about the economy than they have in two years, a Promontory Interfinancial Network survey found.


What to make of banks’ growing exposure to leveraged loans


Fresh data from the Fed, FDIC and Bank of England shows that, directly or indirectly, banks are taking on more leveraged loans. But whether this puts their loan and securities portfolios at risk remains open for debate.


Is Fed vote on real-time payments a sign of a wider split?


Vice Chairman Randal Quarles’ public dissent raises questions about how the board will proceed on other policy debates.


2020 race pulls Warren away from Senate Banking


The panel has had 13 public meetings since the Massachusetts senator’s last appearance, in May.


Former Fed chiefs call on Trump to end Powell threats


Former central bank chiefs Alan Greenspan, Paul Volcker, Janet Yellen and Ben Bernanke said the Fed must be allowed to act "free of short-term political pressures and ... without the threat of removal or demotion."


Powell hints Fed will take bigger role in real-time payments


“It wouldn't be unusual” for the Federal Reserve to work alongside private-sector operators in the creation of a U.S. real-time payments system, its chairman said.