Orla McCaffrey is a Seattle-based reporter covering national and regional banks. Before joining American Banker in 2022, she worked at The Wall Street Journal, where she covered banking and housing finance. She is a graduate of Binghamton University and the Craig Newmark Graduate School of Journalism at CUNY.
The Treasury’s top economist and first counselor for racial equity detailed the economic barriers that people of color and other marginalized communities have faced in the U.S.
Treasury released a rough sketch of its game plan for how the U.S. would work with international governments on a cohesive regulatory framework for everything from digital asset exchanges to stablecoins.
The FOMC hiked rates 75 bps Wednesday, the largest rate boost since Greenspan’s lone 75 bps move more than 27 years ago (November 1994). For anything bigger, it’s back to the Volcker era.