Tag: Federal Reserve

Tim Sloan, chief executive officer and president of Wells Fargo & Co., shakes hands with Senator Elizabeth Warren, a Democrat from Massachusetts, right, before testifying at a Senate Banking, Housing and Urban Affairs Committee hearing in Washington, D.C., U.S., on Tuesday, Oct. 3, 2017. After a "humbling and challenging" year, SloanÂ is set to outline the steps the bank has taken in response to its bogus-accounts scandal that brought down his predecessor,Â John Stumpf.

Elizabeth Warren pressures Fed to force out Wells Fargo CEO

Colin Wilhelm · October 18, 2018 2:00 pm

Federal Reserve Board Chairman Jerome Powell chairs an open meeting in Washington.

Fed officials plan more rate hikes, despite Trump’s criticisms

Colin Wilhelm · October 17, 2018 6:15 pm

President Trump speaks during a briefing with state and local officials.

Trump calls Fed his ‘biggest threat’

Joseph Lawler · October 16, 2018 7:59 pm

FILE- In this July 17, 2018, file photo, a sign outside a business in Salem, N.H. says "Now Hiring." On Tuesday, Oct. 16, the Labor Department reports on job openings and labor turnover for August.

Trump takes credit as job openings rise to highest level on record

Colin Wilhelm · October 16, 2018 2:44 pm

Bank of America is the fourth of the largest U.S. lenders to report earnings for a quarter marked by gyrating financial markets and the sixth interest-rate hike since 2015.

Bank of America profit climbs 32 percent on tax cuts, higher interest rates

James Langford · October 15, 2018 12:14 pm

JPMorgan Chase Chairman and CEO Jamie Dimon attends a meeting at the Business Roundtable Headquarters in Washington.

Jamie Dimon on the Fed: ‘No president wants higher interest rates’

James Langford · October 12, 2018 1:45 pm

FILE - In this Tuesday, Jan. 17, 2012, file photo, a customer uses an ATM outside a Wells Fargo branch in Charlotte, N.C. Newly appointed Wells Fargo CEO Tim Sloan told employees Tuesday, Oct. 25, 2016, that he is "sorry for the pain" that the bank's employees have suffered as a result of the company's sales practices scandal.

Wells Fargo replaces more branches with digital as CEO Sloan rebrands

Joe Williams · October 12, 2018 12:53 pm

Most subsidiary companies within megabanks are four to six corporate layers below the parent company, and some are as many as 20 below. JPMorgan Chase, the largest U.S. bank, has more than 2,500 legal entities. (AP Photo)

JPMorgan beats Wall Street profit estimates as interest rates surge

James Langford · October 12, 2018 11:33 am

President Trump speaks at a rally endorsing the Republican ticket in Pennsylvania.

EXCLUSIVE: Trump takes credit for economy, blames ‘overly aggressive’ Fed for stock market

Colin Wilhelm, Salena Zito · October 11, 2018 10:39 pm

Specialist Gregg Maloney works at his post on the floor of the New York Stock Exchange on Wednesday. Stocks are extending their slump on Wall Street, led by drops in big technology companies, as rising bond yields draw investors out of stocks.

Beltway Confidential

The bear market was predictable — but Trump is stoking recession fears

Quin Hillyer · October 11, 2018 9:22 pm

President Trump walks with Federal Reserve board member Jerome Powell before announcing him as his nominee for the next chair of the Federal Reserve in the Rose Garden of the White House in Washington, Thursday, Nov. 2, 2017.

Trump says he won’t fire Fed chairman Jerome Powell, but blames central bank for market slide

Colin Wilhelm · October 11, 2018 4:59 pm

White House National Economic Council Director Larry Kudlow speaks with reporters outside the West Wing of the White House in Washington, Friday, Oct. 5, 2018.

Larry Kudlow defends Fed as Trump bashes it

Colin Wilhelm · October 11, 2018 2:51 pm