Federal Reserve, Donald Trump
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The U.S. surplus amounted to a little more than $27 billion, a stark contrast to the $316 billion deficit in May. This development brought the fiscal year-to-date deficit to $1.34 trillion,
Three US federal agencies released a report detailing crypto custodial risks for banks that are looking to hold digital assets on behalf of customers.
The central bank is quietly pushing back with a new “Frequently Asked Questions” page on its website defending the central bank’s renovation.
US banks can now offer crypto custody services following new Federal Reserve guidance, opening doors for institutional adoption.
The Fed's $2.5 billion headquarters renovation is attracting mounting criticism from the Trump administration, which had been already attacking the central bank for not cutting interest rates.
Trump administration official Bill Pulte released a statement suggesting that Fed Chair Jerome Powell is considering resigning amid mounting pressure on his leadership.
Mr. Pollock is a Senior Fellow at the Mises Institute, the author of 'Finance and Philosophy--Why We’re Always Surprised' and co-author of 'Surprised Again! The Covid Crisis and the New Market Bubble.'
The U.S. Federal Reserve is mulling a rule change that would allow banks with one "deficient" rating to still be considered "well managed."
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