The Federal Reserve allegedly withheld key documents that could have severely impacted a Federal Reserve nominee ahead of a potential confirmation vote, leading many to call for increased transparency and reform for the nation’s central bank.
Powell signaled that the Fed is willing to risk a recession in order to tame inflation.
Sen. Bill Hagerty (R-TN) called for a more “fulsome investigation” into accusations Federal Reserve nominee Dr. Lisa Cook embellished her resume. Cook swore under oath she had not embellished her record.
Sen. Jon Tester (D-MT) said he has been further reviewing Sarah Bloom Raskin’s potential influence as a former Fed governor to secure a lucrative financial tool for her company.
Sarah Bloom Raskin, one of President Joe Biden’s nominees to serve on the Federal Reserve board of governors, could not recall or was not aware of how an answer more than 35 questions from Sen. Pat Toomey (R-PA).
The far-left law professor’s nomination was a step too far for centrist Democrats.
The Democrats wanted to put all questions of Saule Omarova’s ties to communism off the table as xenophobic “Red baiting.” Senator Kennedy was not deterred.
Biden’s OCC nominee refused to pledge not to allow a repeat of the notorious Obama administration Operation Choke Point’s politicization of bank services.
Senate Banking Committee Republicans plan to highlight how Saule Omarova, President Joe Biden’s Comptroller nominee, has written academic papers to nationalize banks.
Biden wants the Senate to confirm a professor who would abolish private sector banking as head of one of our most powerful bank regulatory agencies.
Elizabeth de Leon Bhargava, nominated by President Joe Biden to be Assistant Secretary of the Department of Housing and Urban Development (HUD), collects rent above the average rate from a multimillion-dollar townhouse in Manhattan, New York, while claiming to have worked throughout her career to preserve affordable housing and fight against housing discrimination.
Saule Omarova advocates fringe policies that would mean the end of community banks in America.
Sen. Pat Toomey (R-PA), the ranking member of the Senate Banking Committee, released a statement that slammed the so-called “infrastructure” bill’s provision to tax cryptocurrency as “unworkable.”
Sen. Pat Toomey (R-PA) grilled Citibank Wednesday and other Wall Street firms over if they made commitments not to provide financing for fossil fuel companies such as coal and natural gas.
The exchange highlighted a rift between what might be thought of as the populist wing of the Democratic Party—represented by Warren—and the technocratic wing—represented by Yellen.
The economic downturn from the novel coronavirus pandemic is “without modern precedent” and “significantly worse than any recession” the U.S. has experienced since World War II, U.S. Federal Reserve Chairman Jerome Powell told a Senate panel on Tuesday.
The Senate Banking, Housing, and Urban Affairs Committee will hold a virtual hearing on Tuesday on oversight of financial regulators amid the coronavirus pandemic.
Joe Biden’s younger brother James received a series of “unusually generous” bank loans during the 1970s, while the former vice president served on the Senate Banking Committee.
The potential nomination of National Credit Union Administration (NCUA) chairman Mark McWatters as the director of the controversial Consumer Financial Protection Bureau (CFPB) has run into trouble as one industry group has raised public objections to him, while others are critical behind the scenes.
Federal Reserve nominee Jerome Powell got into a heated debate over bank regulation with Senator Elizabeth Warren Tuesday.
A woman dressed as the Monopoly board game character Rich Uncle Pennybags photobombed Equifax’s CEO testifying at a Senate hearing Wednesday.
The top Republicans on the Senate Banking Committee called on the Treasury Department Tuesday to end the policy of designating non-bank financial companies as Too Big To Fail.
Feinstein’s move is largely seen as an extension of President Obama’s belief that Iran’s nuclear program is being used solely for “peaceful purposes” and the approach of diplomacy to negotiate a resolute end.
