Michelle Bowman and the Fed s history of dissent americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.
Federal Reserve Governor Michelle Bowman said interest rates may need to rise further and stay higher for longer than previously expected to get inflation down to the central bank’s goal.
The Federal Reserve on Friday proposed new guidance for the country’s biggest banks in managing climate-related financial risks, a step proponents say is needed to prepare for climate change but that opponents say constitutes unwarranted regulatory micromanaging.
Over the last year, Senate Banking Committee Republicans transformed the opaque standards and inconsistent timelines for master account applications into a political flashpoint.