Browsing Tag:Feds

cash-grab-feds-seize-85-million-from-hundreds-of-safe-deposit-boxes-without-any-legal-basis
Federal authorities seized $ 85 million in cash, precious metals and family heirlooms from around 800 lockers in Los Angeles.A class action lawsuit alleges that the FBI "exceeded a court-approved search warrant" when it searched the US Private Vaults (USPV) storage company and sniffed through the contents of the safes.USPV has been charged by federal authorities with conspiracy to...
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feds-jim-bullard-sees-first-interest-rate-hike-coming-as-soon-as-2022
St. Louis Federal Reserve President James Bullard told CNBC on Friday that he expects an initial rate hike in late 2022 as inflation picks up faster than previous forecasts.That estimate is even faster than the outlook that the broader Federal Open Market Committee released on Wednesday, which hit the financial markets. The committee's median outlook was for up...
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powell-says-climate-change-is-not-a-main-factor-in-the-feds-policy-decisions
Federal Reserve Chairman Jerome PowellKevin Lamarque | ReutersFederal Reserve Chairman Jerome Powell said Friday that climate change is not a primary consideration for the central bank when formulating monetary policy.Speaking to a panel of his global colleagues, the US Federal Reserve chief said it was more for the government than for his institution to deal with issues related...
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feds-lael-brainard-pushes-digital-dollar-as-central-bank-currency-race-heats-up
Federal Reserve Governor Lael Brainard attends a Fed Listening event at the Federal Reserve’s headquarters in Washington, DC on October 4, 2019.Eric Baradat | AFP | Getty ImagesFederal Reserve Governor Lael Brainard pushed for a digital dollar, saying Monday that a central bank-backed cryptocurrency could offer a number of benefits.Providing financial services to nearly one in five...
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