Central Bank

Biden’s Banking Nominee Calls to Eliminate All ‘Private Bank Accounts’ (Video)

Saule Omarova, Joe Biden's selectee for the Office of the Comptroller of the Currency (OCC), called during a March virtual conference to eliminate all private bank accounts and deposits.

US consumer prices rise at fastest pace in three decades

Biden says taming inflation is ‘top priority’ as soaring energy costs help drive 6.2% increase.

‘It’s a melt-up’: U.S. stocks are on an unusually strong run heading into the holidays

‘Stocks are loving the very easy monetary policy,’ says a portfolio manager

Inflation Debate Hangs Over Stock Market’s Record Run

Some investors think the Federal Reserve will be forced to swiftly raise rates next year to rein in inflation and keep the economy stable

U.S. Prices, Wages Rise at Fastest Pace in Decades

Strong consumer demand and supply shortages test economy with rapid uptick in inflation

Federal Reserve bans officials from buying stocks and bonds, as well as restrict trading after ethics scandal

The Federal Reserve will ban policy makers and other senior officials from buying individual stocks and bonds and will also restrict active trading after an ethics scandal led to the departure of two regional presidents and undermined confidence in the central bank.

Bidenflation Unexpectedly Accelerated in August to Fastest Pace in Over 30 Years

Inflation unexpectedly accelerated in August, as shortages of a wide range of consumer goods and services drove up prices.

Biden inflation about to get worse, say oil industry analysts

Surging oil prices 'one of the biggest drivers'

The Biggest Federal Reserve Scandal

Following revelations that Federal Reserve officials made trades in financial assets while the Fed was taking extraordinary efforts to “stimulate” the economy, Federal Reserve Chairman Jerome Powell ordered a review of the Fed’s ethics rules.

China deems all cryptocurrency transactions illegal

China's central bank declared on Friday that all cryptocurrencies are illegal, banning crypto-related transactions and cryptocurrency mining, according to Reuters.

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