Miscellaneous

Update 713 — Updating Bank Capital Rules: Rein in Risk or Dimon’s “Disappointment”?

April 2, 2024 | Banking, Miscellaneous, Update

The August recess opened this week with two headline developments. Donald Trump was indicted Tuesday and arraigned yesterday, booked and fingerprinted before pleading not guilty to four counts of conspiring to remain in office after his defeat in the 2020 election. And the U.S. sovereign debt credit rating was cut by Fitch Ratings from AAA …

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Update 712 — Pre-Recess Policy Round-Up: See You in Sept: Budget, Farm Bill, Bank Rules

April 2, 2024 | Miscellaneous, Update

Update 712 — Pre-Recess Policy Round-UpSee You in Sept: Budget, Farm Bill, Bank Rules Congress stands adjourned until Labor Day following a very eventful last legislative week that saw quite a flurry of activity. But the agenda immediately following the recess is daunting. Front and center will be two “must-pass” bills, a Farm Bill reauthorization …

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Update 710 — Econ. Policy Week in Review:Legislative Push in Run-up to August Recess

April 2, 2024 | Miscellaneous, Uncategorized, Update

The good macroeconomic news of recent weeks continues, with President Biden doubling down on the “Bidenomics” framing as talk of a recession remains muted. Half the states now are at or near record unemployment lows. The rate of inflation–the economic issue most salient to everyday Americans–has dropped precipitously in recent months, but polls show pessimism …

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Update 709 — Summer of Labor Discontent: What’s at Stake for Workers in the Strikes?

April 2, 2024 | Labor, Miscellaneous, Uncategorized, Update

Update 709 — Summer of Labor Discontent:What’s at Stake for Workers in the Strikes? The U.S. labor market finds itself catching up at last — for the first time since early in the pandemic, workers’ wage gains are now exceeding the rate of inflation. Unemployment is close to a 50-year low. Bargaining power is now …

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Update 708 — Impact of Bank Mergers on Consumers, Investors, the Economy

April 2, 2024 | Banking, Consumer Finance, Miscellaneous, Update

Update 708 — Impact of Bank MergersOn Consumers, Investors, the Economy Major goods and services sectors across the economic landscape have come under increasing scrutiny in recent years for anti-competitive behavior, conditions restricting consumer access and choice, and raising costs. When banks merge, by and large, they will maintain fewer branches, provide fewer services, and …

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Economic Policy Week in Review

April 2, 2024 | Miscellaneous, Update

Update 703 – Economic Policy Week in ReviewPowell’s Report; RECOUP Clears Banking Cmte. Amid the celebrated pause in interest rate hikes, all eyes were on Fed Chair Jerome Powell this week as he took the stand for his Humphrey-Hawkins hearings to deliver the central bank’s semi-annual monetary policy report. Questions for the Fed Chair ranged …

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