Interest Rates

Average loss rates on credit card accounts at three of the largest U.S. banks, JPMorgan Chase, Bank of America, and Citigroup, may have reached 2.46 percent in the three months through December. (iStock)

US banks buoy reserves as credit card debt hits $1.02 trillion record

James Langford · January 8, 2018 9:51 pm

President Trump signed the GOP's $1.5 trillion tax cut bill on Dec. 22. The new law lets firms bring overseas earnings back to the U.S. without a penalty once they pay a one-time levy and reduces the top tax rate to 21 percent. (Mike Theiler/Pool via Bloomberg)

Cash windfall from Trump’s tax law may fuel corporate dealmaking boom

James Langford · January 7, 2018 5:08 am

A least a few members of the Federal Reserve system said at the December monetary policy meeting that they were interested in studying alternatives to the Fed's current regime. (iStock)

Fed members seek historic shift in money supply

Joseph Lawler · January 5, 2018 5:01 am

Minutes released from the Federal Reserve on Wednesday from their Dec. 12-13 meeting stated that Federal Reserve Chair Janet Yellen and other officials expected "a modest boost from the expected passage of the tax legislation under consideration." But while it's likely that tax cuts for 80 percent of taxpayers will go back into the economy through consumer spending, this is not guaranteed. (AP Photo/Carolyn Kaster)

Beltway Confidential

The Federal Reserve debate about tax cuts is hand-waving and nothing more

Siraj Hashmi · January 4, 2018 7:49 pm

The Federal Reserve's monetary policy committee approved a 25 basis-point interest rate hike in December. In the midst of this, the KBW Bank Index rose 0.5 percent in New York trading on Wednesday, the largest gain since passage of Republican tax reform. (AP Photo/Pablo Martinez Monsivais, File)

US bank stocks rise as Fed reinforces rate-hike projections

James Langford · January 3, 2018 10:57 pm

Minutes released from the Dec. 12-13 meeting of the Federal Reserve Board state that Chairwoman Janet Yellen and other Fed officials anticipated "a modest boost from the expected passage of the tax legislation under consideration." (AP Photo/Carolyn Kaster)

Fed members debated how much tax cuts would boost economy at December meeting

Joseph Lawler · January 3, 2018 7:48 pm

Implementing the tax overhaul will prove a major task for President Trump's Treasury Secretary Steven Mnuchin. (AP Photo/Pablo Martinez Monsivais)

The economy is running strong and could get stronger

Joseph Lawler · December 25, 2017 5:01 am

Federal Reserve Chairwoman Janet Yellen and other top officials are betting that the economy will improve in the months ahead, requiring tighter money to keep inflation stable, even though actual inflation trended down during the year. (AP Photo/Pablo Martinez Monsivais, File)

Fed goes through with third interest rate hike of the year

Joseph Lawler · December 13, 2017 7:02 pm

About 228,000 workers were added to November payrolls, according to the Bureau for Labor Statistics. But what is really going on in the American economy? (AP Photo/LM Otero)

Beltway Confidential

Is the economy surging or sleepwalking?

Bruce Yandle · December 12, 2017 5:57 pm

Federal Reserve Chair Janet Yellen attends a hearing of the Federal Reserve Board Joint Economic Committee, Wednesday, Nov. 29, 2017, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)

Beltway Confidential

Because of the Fed, the ‘Goldilocks’ economy will have to wait

Bruce Yandle · November 30, 2017 5:38 pm

The Federal Reserve's account of the Oct. 31 and Nov. 1 meeting published Wednesday afternoon revealed that many of the officials at the central bank expect to raise the target interest rate "in the near term." It, however, is conflicted over the fact that the higher inflation it seeks has failed to materialize for more than five years. (AP Photo/Andrew Harnik, File)

Fed headed for December interest rate hike but split over low inflation

Joseph Lawler · November 22, 2017 8:10 pm

William Dudley's retirement opens another key position within a Federal Reserve system that is already slated for rapid change under President Trump. (AP Photo/Richard Drew, File)

New York Fed president to retire

Joseph Lawler · November 6, 2017 6:52 pm