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Fed's Barkin is open to raising rates by 50 or 75 basis points in July

“I am one of the guys who like the option value of deciding the week of the meeting as opposed to two weeks before the meeting,” he told reporters Tuesday. ....

Charlotte , North-carolina , United-states , Jerome-powell , Thomas-barkin , Bloomberg , Federal-reserve-bank , Market-committee , Richmond-president-thomas-barkin , Chair-jerome-powell , Federal-open-market-committee , Monetary-policy

Commentary: Andrew F. Quinlan - The folly of credit card price controls

Commentary: Andrew F. Quinlan - The folly of credit card price controls
Andrew F. Quinlan
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The popularity of COVID relief has provided an excuse for Congress to pass items with tenuous connections, at best, to the pandemic, but that have long populated liberal wish lists. Even after the passage of the $1.9 trillion so-called stimulus, the trend is likely to continue. To the detriment of consumers, an expansion of debit card price controls to include credit cards may be next up on the list.
Over 10 years ago, the Dodd-Frank Wall Street Reform and Consumer Protection Act included the Durbin Amendment, which set a cap on the “swipe fees” retailers pay when a debit card is used in their stores. Looking back, we now have ample evidence to show that the caps have done what price controls always do: Backfired and harmed consumers. ....

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Inflation fears, Treasury slump were short-sighted, Fed's Barkin says

Ann Saphir/Reuters
The comments come after investors fervently dumped Treasurys amid boosted expectations for consumer-price growth.
Businesses in the Richmond area don t seem to be raising prices at an unhealthy rate, Barkin added.
Concerns of rampant consumer-price growth and the resulting sell-off in the Treasury market were natural but missed the bigger picture, Thomas Barkin, president of the
Federal Reserve
Bank of Richmond, said Monday.
Markets endured a bout of heightened volatility last week as improved growth expectations boosted risk-taking. Investors furiously dumped Treasury bonds and growth stocks for cyclical names in anticipation for new stimulus to drive stronger inflation. The days-long trend sparked questions around whether inflation could soon exceed the Fed s target and, in turn, lead the central bank to raise its benchmark interest rate. ....

Jerome-powell , Thomas-barkin , Federal-reserve-bank , Market-committee , Federal-reserve , Richmond-fed-president-thomas-barkin , Fed-chair-jerome-powell , Richmond-fed , Federal-open-market-committee , Fed , Federal-reserve-bank-of-richmond , Fomc

Fed's Barkin sees strong second half after 'bumpy' few months

Federal Reserve Bank of Richmond President Thomas Barkin says the U.S. could face a bumpy first six months but will be well supported by the rollout of COVID-19 vaccines and fiscal stimulus later in the year. ....

Thomas-barkin , Federal-reserve-bank , Richmond-president-thomas-barkin , Monetary-policy , Federal-reserve-bank-of-richmond , Fomc , Federal-reserve , தாமஸ்-பார்கின் , கூட்டாட்சியின்-இருப்பு-வங்கி , ரிச்மண்ட்-ப்ரெஸிடெஂட்-தாமஸ்-பார்கின் , பண-பாலிஸீ , கூட்டாட்சியின்-இருப்பு-வங்கி-ஆஃப்-ரிச்மண்ட்

Detailed text transcripts for TV channel - FOXNEWS - 20170405:08:31:00

Deportation. cambodia declined to take him and he was released. october 2016, he was arrested again, facing unarmed robbery charges. the commonwealth failed to prosecute and the court dismissed the charges. lawyers asked he be released but after several hours in a courthouse holding cell, i.c.e. agents arrived and took him into custody. he was faced with a prolonged unlawful, unconstitutional arrest, and he wanted to challenge it. stick with the trump administration is morning so-called sanctuary cities that a lack of compliance with federal immigration authorities could mean a loss of grant funding. but it s not always about compliance. some cities just don t have the resources to hold all the people that i.c.e. wants. bret: molly line in boston. thank you. the president of the federal reserve bank of richmond s resigning. after acknowledging improper discussions with a financial analyst. jeffrey lacher said he spoke with an analyst to an highly confidential information about inte ....

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