The Federal Reserve booked $19.9 billion in operating losses in the third quarter. Keep in mind that Fed losses ultimately ...

The U.S. banking system’s $3.3 trillion cash raises concerns over inflation. Read why policies may lead to new inflationary ...

In a research note released to reporters on Monday, BofA's economics team led by Claudio Irigoyen projected the US economy ...

Societies get what they incentivize. Moral hazards — incentives for perverse, risky behaviors — are now sown throughout ...

With a recession deepening and the 1982 midterm elections approaching, Federal Reserve Chair Paul Volcker was summoned to the Oval Office, where Ronald Reagan was sitting with his chief of ...

Sen. Elizabeth Warren (D-Mass.) urged President-elect Trump’s pick for Treasury secretary, billionaire investor Scott Bessent ...

Republicans and the banking industry have accused the CFPB of regulatory overreach because it doesn't follow the usual ...

It’s a huge frustration for all the folks that were excited to jump in and buy homes, once the Feds started cutting interest ...

Delete CFPB,” Elon Musk, the billionaire tech executive running the “Department of Government Efficiency,” said in an ...

Copyright 2024 The Associated Press. All Rights Reserved. FILE - Federal Reserve Chair Jerome Powell listens to a question ...

The US government already owns 203,000 bitcoin worth nearly $21 billion, which it acquired mainly through asset forfeitures.

In July, Cynthia Lummis, a US senator from Wyoming, introduced a bill to establish what she called a “strategic bitcoin ...