Sens. Mark Warner, D-Va., and Mike Crapo, R-Idaho, wrote to Treasury Secretary Janet Yellen Thursday to voice concerns that the Community Development Financial Institutions (CDFI) Fund is not considering stakeholder feedback as they update the [...]
In a letter to Treasury Secretary Janet Yellen, NAFCU President and CEO Dan Berger provided input on the Treasury Department’s strategic plan for 2022-2026. Berger offered several recommendations in response to the plan, specifically [...]
House Financial Services Committee Member Rep. Tom Emmer, R-Minn. and 201 Members of Congress yesterday wrote to Treasury Secretary Janet Yellen expressing concerns associated with the proposed threshold increase from $600 to $10,000 or [...]
Treasury Secretary Janet Yellen and Federal Reserve Chair Jerome Powell testified before the House Financial Services Committee Tuesday to provide an update on implementation of coronavirus relief and discuss the Fed's monetary policy. On the [...]
The Senate Monday, via a 84-15 bipartisan vote, approved the nomination of former Federal Reserve Chair Janet Yellen to serve as Treasury Secretary. NAFCU worked closely with Yellen during her time on the Federal Reserve [...]
U.S. Federal Reserve Chair Janet Yellen will leave her seat on the central bank’s Board of Governors once Jerome Powell is confirmed and sworn in to replace her as head of the Fed, [...]
The Federal Open Market Committee (FOMC), the Federal Reserve's monetary policy-setting arm, begins a two-day meeting today that is not expected to result in any interest-rate action but could signal the beginning of Fed balance-sheet [...]
For quite some time now, economists, including prominent members of the Federal Reserve, have been bemoaning the fact that as the labor markets in the United States continue to steadily add jobs and drive down [...]
Federal Reserve Chair Janet Yellen discussed the current economic outlook and reiterated her expectations for the Fed to start tapering its balance sheet "this year" as she delivered the Fed's semiannual monetary policy report to [...]
NAFCU this week will monitor a hearing on legislation offering regulatory relief to community financial institutions and another featuring testimony by Federal Reserve Chair Janet Yellen on monetary policy. The association on Wednesday heads to [...]
“Sure as night will follow day, most things I worry about never happen anyway."—Tom Petty I was thinking about this Tom Petty lyric as I read a story this morning about the European Union ([...]
Our title today comes from one of the most intriguing and infamous government figures of the post-war era, John Mitchell (Richard Nixon’s Attorney General). Hunter S. Thompson famously wrote of Mitchell, “When going gets [...]
The Federal Open Market Committee, the Federal Reserve's monetary policy setting arm, said after the close of a two-day meeting Wednesday that it is raising the federal funds target rate a quarter-point to a range [...]
With both the Senate and House in session this week, CUNA will be tracking several hearings in both chambers. Those hearings include two appearances by Federal Reserve Chair Janet Yellen, who will make her semiannual [...]
America's central bank is nudging its benchmark interest rate higher, announcing a move from the current 0.25-0.50 percent to a range of 0.50 and 0.75 percent. The decision emerged from a [...]
