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Making the Federal Reserve discount window easier to use: @amerbanker's Kyle Campbell explains how this would work americanbanker.com/news/fed-explo… #banking

The campaign to rollback Biden era bank reg reform marches on. The House voted today to nullify the OCC's September 2024 rule on mergers. American Banker americanbanker.com/news/house-vot…

The situation in the Gaza Strip is increasingly worrying and painful. I renew my heartfelt appeal to allow the entry of dignified humanitarian aid and to bring an end to the hostilities, whose heart-rending price is borne by children, the elderly, and the sick.

Powell met with Trump at the White House today, per a Fed press release: federalreserve.gov/newsevents/pre…

No number 2 this time, the last one of these that I recall, Powell brought Clarida there as a witness.

The Fed's preferred measure of inflation came in very close to the central bank's 2% target in April. But until the impact (or lack thereof) from tariffs is clear, it doesn't mean much. American Banker americanbanker.com/news/april-pce…

I guess they don't have a confirmed vice chair for supervision, so maybe that went into it, but they did a spring report between Quarles and Barr's tenures, and the last miss happened when Quarles was on the job.

After 7 years, the Federal Reserve has lifted its asset cap on Wells Fargo. The board voted unanimously in favor of the move, which, notably, does not terminate the 2018 enforcement action. It only removes the growth restriction. Catherine Leffert American Banker americanbanker.com/news/wells-far…

Wells Fargo's asset cap has been lifted. Clear the launchpad. By Catherine Leffert Kyle Campbell in American Banker americanbanker.com/news/wells-far…

Not quite the timeline envisioned in this 2018 story, but they got there in the end nytimes.com/2018/02/04/bus…

"The problem is that there are all kinds of potential triggers that we haven't thought of that we'll only recognize once they happen. That's the world we're living in now," said Anil Kashyap, Chicago Booth. By Kyle Campbell nationalmortgagenews.com/news/as-treasu…

Still no signs of tariff-induced price hikes in the latest CPI report. That makes it all the more likely that the Federal Reserve holds steady during its monetary policy meeting next week. Full details on American Banker. americanbanker.com/news/little-si…

No surprise: Fed keeps benchmark interest rate unchanged. Still plenty to learn from Fed Chair Jerome Powell's press conference, which is coming up momentarily. Follow along with John Heltman and me here American Banker: americanbanker.com/live-blog/fede…

Circle would be bankrupt without the SVB bailout. Concerns about moral hazard can definitely be overblown, but watching a company get so richly rewarded after displaying such poor risk management is tough.

HAPPENING NOW: American Banker's live blog of Federal Reserve Chair Powell's testimony on Capitol Hill americanbanker.com/live-blog/fede… #finreg #banking

The tenor of today’s Fed Board meeting was nearly identical to the Basel Endgame meeting: two votes against, and two Governors expressing some reservation. The question now is whether Powell will remain consistent with his “broad support” standard for any final rule.

U.S. Federal Housing and the Fannie Mae and Freddie Mac Chairman Calls on Congress to Investigate Jerome Powell

The CFPB has scrapped a $95 million settlement with Navy Federal Credit Union, freeing the nation's largest credit union from paying a fine and refunding service members who were illegally charged overdraft fees, Kate Berry reports for American Banker. americanbanker.com/news/cfpb-drop… #creditunions #cfpb

Steve Cecchetti, Kim Schoenholtz, and I wrote a Basel Endgame retrospective, now out in NBER. TLDR: There are compelling reasons to increase bank capital. But at a minimum, the U.S. must implement Basel standards, even if in a capital-neutral way. nber.org/papers/w33982

To the extent this is arguing - and I think it is - that Basel III can and should be implemented in a capital neutral way, I could see lots of support from lots of places.