Trump’s Criticism of Fed’s Rate Decisions Not Necessarily a Threat to Its Independence, BIS Says https://t.co/iGtjtQm4BI ...

Well, Federal Reserve officials are split on whether an interest rate cut in July is on the table depending on whether the FOMC holds rates steady or reduces the benchmark rate. What does that outcome mean for your everyday finances. Here to explain and discuss further, we've got Rob Conzo, who is the Wealth Alliance CEO.Rob, good to have you here with us. How does the Fed's benchmark rate affect people's personal finances. Great to be with you, Brad.Um, it's a very misunderstood rate. It's the red the rate ...

CNBC's Leslie Picker joins 'Closing Bell Overtime' with the results of the Federal Reserve's stress test. ...

President Donald Trump reportedly is considering announcing a successor to Federal Reserve Chair Jerome Powell early due to his frustration with the central bank's slow approach to cutting interest rates. https://t.co/FmxBEPph2i ...

Chicago Fair President Austin Goulby joins us now exclusively here on CNBC. Austin, you heard the data and I don't need you to comment on the details of the data unless of course you want to, but the everything looks like it's doing a little better. You know, the desert island indicator jobless claims it just really fails to go up and maybe it's it it it's green going to yellow, but it's just barely.So, what's your take on this data. I mean, I thought two things. One, I gotta go I gotta get Rick over to the ...

Federal Reserve & Monetary Policy - Donald Trump considers three or four people to succeed Federal Reserve Chair Jerome Powell when his term expires in May 2026 [1] - Trump views Powell's performance as "terrible" [1] Geopolitical & Economic Issues - EU leaders are discussing fresh sanctions on Russia, US tariffs, and responses to Middle East conflicts [1] - NATO members agreed to raise spending levels to 5% of GDP [1] - Spain refuses to meet the new NATO spending target, aiming for 2.1% of GDP [1] - Trump suggested Spain could face tariffs twice as high from the US [1] Bloomberg Television Programming - "The Pulse With Francine Lacqua" features conversations with high-profile guests in global business, economics, finance, and politics [1]

Core Viewpoint - The Federal Reserve has voted to advance a proposal that would ease the "enhanced supplementary leverage ratio," impacting the capital banks must hold against low-risk assets [1][2]. Group 1: Proposal Details - The Fed board voted 5-2 to advance the proposal, which will now be open for public comment for 60 days [2]. - Under the proposed reform, the capital banks must set aside will depend on their role in the global financial system, equaling half of their "GSIB surcharge" [3]. - Currently, banks are required to hold a flat percentage of capital against all assets, treating lower-risk assets similarly to high-yield ones, which penalizes banks for holding Treasuries [4]. Group 2: Background and Rationale - The current requirement was established after the 2008 financial crisis and has been increased over the years, with banks arguing it restricts their ability to trade in lower-risk assets like Treasury bonds [5]. - Fed officials supporting the change believe the current requirement discourages large banks from facilitating trading in the Treasury market [5]. - Fed Chairman Jerome Powell stated it was "prudent" to reconsider the rule, while some governors oppose the changes, citing concerns over the size of the capital requirement decrease [6]. Group 3: Industry Response - The banking industry has lobbied for reform, claiming the current rule limits their ability to extend credit and participate in the government debt market [7]. - Critics argue that recent market volatility makes it an inappropriate time to roll back capital requirements [7].

Joe Davis, Vanguard chief economist, joins 'Closing Bell Overtime' to talk the bond market, the impact of fiscal policy, what to expect from the Federal Reserve and more. ...

Supplementary Leverage Ratio (SLR) Reform - Banking agencies are proposing changes to the supplementary leverage ratio, but the proposal under consideration may not exclude treasuries from the SLR calculation [2] - The Treasury Secretary argued that excluding treasuries from SLR could boost banks' ability to intermediate in the Treasury market and potentially lower Treasury yields by 30 to 70 basis points [2] - The Fed Chairman agrees that a binding leverage ratio discourages banks from low-margin activities like Treasury market mediation, and SLR reform should encourage more mediation [3] - The Fed temporarily excluded treasuries from the SLR calculation during the Covid pandemic as an emergency measure, and the Fed is now considering a permanent measure [5] Community Reinvestment Act (CRA) - The Federal Reserve, FDIC, and OCC intend to issue a notice of proposed rulemaking to repeal the 2023 Community Reinvestment Act and replace it with the legacy CRA framework [7] - The agencies are determining whether to issue a clean rescission and replacement of the rulemaking or consider amendments to the legacy rule [8] Supervision of Novel Activities Program - Changes could be made to the Supervision of Novel Activities program to encourage innovation [9] - Vice Chair Bowman is knowledgeable and experienced in supervision and can move supervision in a healthy direction while preserving safety and soundness [9][10]

The Federal Reserve remains squarely focused on achieving our dual mandate goals of maximum employment and stable prices for the benefit of the American people. Despite elevated uncertainty, the economy is in a solid position. The unemployment rate remains low and the labor market is at or near maximum employment.Inflation has come down a great deal but has been running somewhat above our 2% longer run objective. We are attentive to the risks on both sides of our dual mandate. I will review the current econ ...