Financial regulation, banking policy, and markets reporting by Andrew Ackerman
Kevin Warsh schedules first press conference as Fed chief, Andrew Ackerman notes
Andrew Ackerman reports that Kevin Warsh will host his first press conference as Federal Reserve chief next week following the latest FOMC meeting. Warsh has so far avoided committing to a ...
Andrew Ackerman: Self-Help Ventures Fund under CFPB scrutiny over early $77 bake sale origins
Andrew Ackerman reports that Self-Help Ventures Fund, a smaller lender, is currently under scrutiny by the Consumer Financial Protection Bureau (CFPB). The nonprofit lender traces its roots to a ...
Average hourly earnings rise 3.4% while inflation climbs, Andrew Ackerman notes
Andrew Ackerman reports that average hourly earnings in the U.S. rose 3.4% over the past year, according to data from the Labor Department released Friday. Despite the increase in wages, Ackerman ...
Andrew Ackerman: Americans see declining income as government aid drops
Andrew Ackerman reports that Americans are bringing home less money, with the outlook worsening when government aid is excluded from income calculations. He points to concerns that underlying ...
Regulatory capture atop CFTC achieved by crypto and prediction markets, Andrew Ackerman writes
Andrew Ackerman highlights that crypto and prediction markets have reached a degree of regulatory capture atop the U.S. Commodity Futures Trading Commission (CFTC) that traditional financial ...
Andrew Ackerman: Kevin Warsh leads Fed board and interest rate committee
Andrew Ackerman reports that Kevin Warsh has assumed leadership roles within two of the Federal Reserve's most influential groups: its board of governors and the committee responsible for setting ...
Layoff narratives can skew perception of U.S. jobs, Andrew Ackerman warns
Andrew Ackerman raises concerns that attention-grabbing layoffs and corporate explanations might provide a misleading view of the U.S. job market and the influence of AI. According to Ackerman, ...
Andrew Ackerman: Stagflation signs in 2020s echo 1970s trends
Andrew Ackerman draws parallels between current economic conditions and those seen during the 1970s. He highlights that, while stagflation like that of the 1970s is not present yet, similarities ...
Inflation moves away from Fed goal as Trump pushes for cuts, Andrew Ackerman notes
Andrew Ackerman, industry influencer, highlights that inflation has stayed above the Federal Reserve's 2% target for over five years, with recent moves in the wrong direction. Ackerman also notes ...
Andrew Ackerman: Dallas Fed projects crude oil could hit $167 if Strait remains closed
Andrew Ackerman, industry influencer, reports that the Federal Reserve Bank of Dallas projects the cost of a barrel of crude oil could rise above $167 if the Strait remains closed through ...
Lowering interest rates would be wrong move, Andrew Ackerman notes
Wells Fargo CEO Charlie Scharf believes that there is a strong consensus against lowering interest rates at this time. This perspective was shared by Andrew Ackerman when discussing Scharf's ...
Andrew Ackerman: ATMs and public restrooms cited as top banking innovations
Andrew Ackerman highlights two major financial innovations in banking over the past 50 years: ATMs and public restrooms in branches, especially those located in areas of Washington, D.C. lacking ...
Prosecutors make unannounced visit to Federal Reserve construction site, Andrew Ackerman reports
Prosecutors from the U.S. attorney’s office in Washington appeared without warning at the Federal Reserve’s headquarters on Tuesday, seeking a tour of an active construction site. This move ...
Andrew Ackerman: Rising costs erode value of $1 million in U.S.
$1 million today is worth about as much as $480,000 was 30 years ago, as shown by Bureau of Labor Statistics data. Andrew Ackerman highlights how rising costs have diminished the purchasing ...
Energy prices jump amid record gasoline surge, Andrew Ackerman notes
Energy prices increased about 11 percent last month, marking the largest monthly rise in more than 20 years. Andrew Ackerman highlights that this jump was driven by a 21.2 percent surge in ...
Andrew Ackerman: Hundreds of laptops uninventoried at Fed until March 2025
Andrew Ackerman flagged that hundreds of laptops were left uninventoried in a room at the U.S. Federal Reserve until March 2025. The tweet highlights concerns about asset management and inventory ...
Fed may loosen capital and liquidity rules, Andrew Ackerman reveals
Fed Governor Bowman showed little visible reaction to Barr's long dissent, but responded with a smirk when Barr concluded by alleging the Fed is proposing to materially weaken bank capital ...
Andrew Ackerman: Most former Fed officials expect no rate cuts this year
A recent survey of 28 former Federal Reserve officials, referenced by Andrew Ackerman, found that a majority believe the central bank is likely to keep interest rates steady or even raise them ...
Regulators to decrease capital at largest banks, Andrew Ackerman notes
U.S. Federal Reserve Governor Miki Bowman says new capital regulations set to be proposed next week will lead to a decrease in the amount of capital required at the biggest banks. Andrew ...
Bipartisan bill proposes failed bank CEOs forfeit pay, Andrew Ackerman notes
Legislation is being introduced that would require CEOs of failed banks to surrender their pay. Andrew Ackerman notes that this bipartisan effort comes three years after the SVB implosion, ...
Oil prices surge exposing American motorists to global market shocks, Andrew Ackerman says
Oil produced in the U.S. is seeing price surges alongside oil shipped from the Persian Gulf, as highlighted by Andrew Ackerman. He notes that although most oil passing through the strait is ...
