All articles tagged with #fed governor
Trump's advisers are urging him to nominate a temporary Federal Reserve governor to fill a soon-to-be-vacant seat, allowing him more time to select a permanent chair, with considerations influenced by his preference for lower interest rates and ongoing discussions about potential candidates.
President Trump plans to announce new appointments for a Federal Reserve governor and Bureau of Labor Statistics commissioner this week, aiming to influence monetary policy and potentially replace Fed Chair Jerome Powell amid ongoing tensions over rate cuts and economic data reliability.
Fed Governor Michelle Bowman has criticized the lack of a clear regulatory framework for digital assets in the US, warning that financial institutions have been left in a "supervisory void" in terms of emerging technologies. Bowman called for attention from global regulators to the current supervision of novel banking activities, in particular banking as a service and digital assets. Without a clear regulatory framework, regulators may impose new requirements on businesses after significant investments have been made, she added.
US stock futures traded mixed after major benchmark averages closed out a positive week as easing data boosted investor sentiment. Market participants will be closely watching economic data releases and a speech from Fed Governor in the shortened Easter week. The Dow lifted 1.2% to over 4-month highs, the SPX popped 3.2% to 6-week highs, and the Nasdaq gained 3% to finish at 8-week highs.