monetary policy

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.


Plan for Fannie, Freddie; Fed likely to go easy on rate cut


The mortgage agencies would be privatized under Trump administration plan; central bank will probably cut rates by 25 bps, not 50 bps, at its next meeting.


Goldman thins its partnership ranks; Wells responds to Warren


About 15% of the bank’s partners are likely to leave this year to make room for new ones; the bank said it is looking into why it charges some customers even after their accounts are closed.


Who’s afraid of the 'narrow bank'?


A new kind of institution wants to make the interest rate the Federal Reserve pays to its member institutions more widely available, but that could have big implications for monetary policy.


GOP senator seeks hearing on Fed independence after Dudley op-ed


Sen. Thom Tillis of North Carolina called for the panel to hold a hearing on what he termed the danger that the Federal Reserve will meddle in the 2020 presidential election.


'A wolf in sheep's clothing': Comments of the week


Readers react to states investigating payroll advance companies and the GOP's weak response to cannabis banking, heed a warning that nonbanks are prepared for CECL and more.


Why President Trump has the Fed on the ropes


The Federal Reserve's monetary policies have exacerbated the wealth gap, making the central bank a vulnerable target for Trump. He’s taking full advantage.


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."


Goldman invests in tech; PayPal lowers its profit forecast


The firm joins $40 billion “technology megafund” sponsored by SoftBank Group; company says partnerships are taking longer than expected to bear fruit.