By Gabrielle Saulsbery | Banking Dive | Published October 5, 2026 The Department of Justice (DOJ) has officially confirmed that it does not intend to reopen a criminal investigation into former Federal Reserve Chair Jerome Powell regarding the controversial, multi-billion-dollar renovation of the Fed’s flagship facilities in Washington, D.C. This decision, announced Monday, marks a…
The Transportation Security Administration (TSA) has ignited a firestorm of controversy following a sudden, nationwide policy shift that prohibits officers from using chairs while performing identification verification duties at airport security checkpoints. The directive, which effectively removes seating for agents tasked with the first line of passenger screening, has been framed by agency leadership as…
WASHINGTON — In a unanimous decision that marks a definitive pivot in U.S. monetary policy, the Federal Reserve raised its benchmark interest rate by a quarter of a percentage point on Wednesday, lifting the federal funds target range to 3.75%–4%. The move signals a renewed aggressive stance against persistent inflation and represents the first rate…
Real estate investors who were banking on a swift pivot from the Federal Reserve have been met with a stark reality: the era of "easy money" is not merely on pause—it has been effectively dismantled. As the U.S. economy grapples with the lingering effects of global geopolitical instability and stubborn inflationary pressures, the tenure of…
By PYMNTS July 9, 2026 In a sweeping move to modernize the architecture of United States monetary policy, Federal Reserve Chairman Kevin Warsh announced on Thursday, July 9, 2026, the formation of five independent task forces. These groups are charged with conducting a rigorous, top-to-bottom examination of the Federal Reserve’s analytical tools, communication strategies, and…
