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Jerome Powell Tells Congress The Fed Could Cut Rates If Either Of These Things Happen: 'Inflation Has A Certain Momentum'
Wednesday, July 10, 2024 - 12:38pm | 690Federal Reserve Chair Jerome Powell painted a very clear picture of what needs to happen before the central bank lowers rates during the second day of testimony in front of Congress. What To Know: Powell kicked off his semiannual testimony before the Senate Banking Committee on Tuesday. He began...
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Yellen Warns Non-Bank Lenders Could Fail As Household Finances Become Stretched
Thursday, February 8, 2024 - 3:52pm | 569U.S. Treasury Secretary Janet Yellen warned on Thursday of the potential failure of non-bank lenders if household finances became stretched and the rate of delinquencies on loans rises. Speaking before a Senate Committee on Banking, Housing and Urban Affairs, the former Federal Reserve chair warned...
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SAFER Banking Trajectory In Question As Republican Leader Kevin McCarthy Ousted As House Speaker
Wednesday, October 4, 2023 - 1:50pm | 1327Following the successful Senate Banking Committee markup vote last week, the prospects for bicameral SAFER Banking Act legislation appeared positive in both legislative branches of government. However, the prospects thereof took a unforeseen twist yesterday as Kevin...
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Republicans Push To Halt CBDC, Democrats Warn Of US Falling Behind
Wednesday, September 20, 2023 - 5:24pm | 621The U.S. House of Representatives is set to deliberate on a new crypto bill after it received the green light from a committee on Wednesday. This move signified a step forward for the digital assets legislative process in Congress. The bill, championed by Republicans in the House...
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GOP Warms To Cannabis Reform, Possibly Lending Key Support For Federal Legalization
Friday, September 15, 2023 - 1:27pm | 575Federal Cannabis reform is moving closer to reality as the Senate Banking Committee's long-awaited vote on a bipartisan marijuana banking bill becomes imminent. Senate Banking Committee Chairman Sherrod Brown (D-Ohio) told reporters that they hope to announce...
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Senate Banking Committee Gears Up For Vote On Seizing Executive Compensation Following Bank Failures: Sen. Warren Says Bankers Can't 'Walk Away Scot-Free'
Tuesday, June 20, 2023 - 12:05pm | 525The U.S. Senate Banking Committee is poised to deliberate Wednesday on a groundbreaking bill that would grant regulators unprecedented powers to claw back executives’ compensation in the aftermath of bank failures. The proposed legislation, championed by Senate Banking Committee Chairman...
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Advocates Want Senators To Give Weed Stocks Ability To List On Major U.S. Stock Exchanges
Friday, May 19, 2023 - 1:30pm | 436A coalition of marijuana advocacy groups, known as SAFE Banking for Equity is demanding a leap forward in the cannabis industry. They are urging senators to expand financial inclusion and a rightful place for cannabis businesses on senior U.S. stock exchanges. Their mission is...
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Senate Committee Officially Schedules Hearing On Cannabis Banking For May 11, Pot Stocks Bounce
Thursday, May 4, 2023 - 10:37pm | 448The Senate Banking Committee has officially scheduled a hearing to take up the Secure and Fair Enforcement (SAFE) Banking Act on Thursday, May 11 at a meeting titled “Examining Cannabis Banking Challenges of Small Businesses and Workers,” reported Marijuana Moment Thursday evening...
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Senator Sherrod Brown Says Marijuana Banking Bill Could Get A Hearing Next Week
Thursday, May 4, 2023 - 3:44pm | 395Ohio Senator Sherrod Brown (D) said on Thursday that a hearing on bipartisan banking could happen as soon as next week, reported Marijuana Moment. Brown, Senate Banking Committee Chairman, told NBC News reporters that his panel could hold a hearing on the Secure and Fair Enforcement (SAFE)...
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Republican Senator Pat Toomey Presents Bill To Address 'Political Bias' Within Fed's System: What You Should Know
Thursday, December 22, 2022 - 7:29am | 403The U.S. Senate Banking Committee Ranking Member Pat Toomey (R-Pa.) on Wednesday introduced the Federal Reserve Accountability Act that intends to increase accountability, address left-leaning political activism, and ensure greater geographic and professional diversity within the Federal Reserve...
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Democrat Senator On Banking Panel Sees 'No Reason' For Crypto To Exist: 'What's There Other Than Synthetics?'
Sunday, December 11, 2022 - 11:11pm | 517Sen. Jon Tester (D-Mont.) has expressed his views on why cryptocurrency has "not been able to pass the smell test" for him. What Happened: In a Sunday appearance on NBC's "Meet the Press," host Chuck Todd asked the teacher-turned-senator whether " the government should...
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Jerome Powell Says The Fed Underestimated Inflation: Here's Where The Central Bank Went Wrong
Thursday, June 23, 2022 - 12:31pm | 522The Federal Reserve has taken some heat for moving too slow to cool inflation. Fed Chair Jerome Powell looked back on what went wrong Thursday during the second day of a congressionally mandated semiannual report on monetary policy. What Happened: Powell ...
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Jerome Powell Tells Congress The Fed Is 'Moving Expeditiously' To Fight Inflation
Wednesday, June 22, 2022 - 11:13am | 440Federal Reserve Chair Jerome Powell rehashed the central bank's desire to cool down inflation on Wednesday as part of a congressionally mandated semiannual report on monetary policy. What To Know: Powell testified Wednesday in front of the Senate Banking Committee...
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Fintech Focus For July 16, 2021
Thursday, July 15, 2021 - 6:13pm | 1743Quote To Start The Day: “Don’t explain your philosophy. Embody it.” Source: Epictetus One Big Thing In Fintech: In testimony before the Senate Banking Committee on July 15, Federal Reserve chairman Jerome Powell reiterated his uncertainty as to whether the Fed would proceed with...
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8 Stocks To Play The Bank Deregulation Bill
Tuesday, January 30, 2018 - 4:57pm | 446Treasury Secretary Steven Mnuchin spoke to the Senate Banking Committee endorsing chairman Mike Crapo’s banking deregulation bill that would raise the systemically important financial institution asset threshold from $50 billion to $250 billion, reducing the number of institutions that would...