News

Who Is Jerome Powell?
Jerome H. Powell has been a member of the Board of Governors of the Federal Reserve System (FRB) since May 25, 2012, appointed by then-President Barack Obama to fill an unexpired term. He was ...
Key Federal Reserve Supervision Official to Depart at Year-End
Michael Gibson, director of the Federal Reserve’s supervision and regulation division, will leave at the end of the year ...
Fed Reviewing Its Secret Ratings for the Nation’s Biggest Banks
The Federal Reserve’s incoming top banking regulator, Michelle Bowman, is seeking to review confidential ratings of the ...
DOGE at the Fed? Inside the $2.5 billion HQ upgrade that Elon Musk calls ‘an eyebrow raiser.’
Elon Musk has trained his cost-cutting eye on the Federal Reserve, questioning the central bank’s ongoing $2.5 billion ...
Bank Reserves at Fed Drop to $3 Trillion, Lowest Since Jan. 1
The US banking system’s reserves, a key factor in the Federal Reserve’s decision to keep shrinking its balance sheet, tumbled ...
Elon Musk says DOGE ‘should definitely’ investigate Federal Reserve after Post reports on $2.5B ‘Palace of Versailles’ HQ
Elon Musk said DOGE “should definitely” investigate after The Post’s exposé of the Fed’s $2.5 billion revamp of its ...