Jeff Cox

2 days ago | nbcnews.com | Jeff Cox

The Federal Reserve on Wednesday proposed easing a key capital rule that banks say has limited their ability to operate, drawing dissent from at least two officials who say the move could undermine important safeguards. Known as the enhanced supplementary leverage ratio, the measure regulates the quantity and quality of capital banks should be keeping on their balance sheets. The rule emanated from a post-financial crisis effort to ensure the stability of the nation's largest banks.

2 days ago | cnbc.com | Jeff Cox

[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.]Federal Reserve Chair Jerome Powell is back Wednesday on Capitol Hill, this time speaking to the Senate banking committee as part of his semiannual monetary policy testimony.

3 days ago | flipboard.com | Jeff Cox

13 hours agoNEW YORK (AP) — Oil prices are dropping further, and U.S. stocks are pulling close to their all-time high Tuesday on hopes that Israel’s war with Iran will not damage the global flow of crude, even if a tentative truce seemed to fray under fire in the morning. The S&P 500 was 1% higher in midday …

3 days ago | cnbc.com | Jeff Cox

[The stream is slated to start at 10a.m. ET. Please refresh the page if you do not see a player above at that time.]Federal Reserve Chair Jerome Powell delivers his semiannual monetary policy testimony to congressional leaders, starting Tuesday with an appearance before the House Financial Services Committee. In prepared remarks, Powell noted the "solid" condition of the U.S. economy but said concerns linger over the impact President Donald Trump's tariffs will have on inflation.

3 days ago | cnbc.com | Jeff Cox

Chair of the US Federal Reserve Jerome Powell speaks during a press conference following the Federal Open Market Committee meeting in Washington, DC, on June 18, 2025. Saul Loeb | Afp | Getty ImagesFederal Reserve Chair Jerome Powell on Tuesday emphasized the central bank's commitment to keeping inflation in check, saying he expects policymakers to stay on hold until they have a better handle on the impact tariffs will have on prices.