Speaking to the House Financial Services Committee, Powell said interest rates will stay put until Fed officials better understand the impact of tariffs on the economy.
The Guiding and Establishing National Innovation for U.S. Stablecoins Act for the first time establishes federal guardrails for digital assets pegged to the U.S. dollar.
A CBO report projects the Trump budget package would have minimal positive effect on GDP growth (0.04 percentage point), while adding $441 billion to federal budget deficits over the next decade.
The dismissal of the lawsuit alleging JPMorgan Chase misused departing employees’ “forfeited” funds aligns with other federal judges’ rejections of the misuse claim under ERISA.