
GU Psaros Center for Financial Markets and Policy
@GUFinPolicy
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The preeminent destination for unbiased expertise at the intersection of finance and policy
Washington, DC
Joined October 2011
The ruling tonight by U.S. District Judge Jia Cobb allows Cook to vote at next week's FOMC meeting (unless a higher court overturns the decision on the restraining order between now and then).
Fed governor Lisa Cook's request for a temporary restraining order has been granted by a federal court: "The Court will enter an injunction directing Powell and the Board of Governors to allow Cook to continue to operate as a member of the Board for the pendency of this
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The preliminary benchmark revision of -911K amounts to -0.6% to March 2025 payroll employment. Combined with 2-month revisions, recent total revisions are big but hardly unprecedented, & smoothed over the business cycle the payroll survey has gotten more accurate over time.
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Republicans move to change Senate rules to speed confirmation of some nominees
rollcall.com
Republicans move to change Senate rules to speed confirmation of some nominees - Congress
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Top Treasury official outlines schedule for implementing tax cuts
politico.com
Ken Kies, the Treasury’s assistant secretary for tax policy, discussed how the agency would enact the tax provisions in the GOP megabill.
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Today, we released the Unified Agenda of Regulatory and Deregulatory Actions. This agenda reflects that it is a new day at the SEC. Here's my full statement: https://t.co/ZguBGZ3a2U
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News: The Senate Banking Committee is eyeing next Wednesday, Sept. 10 for a vote on approving Miran, I'm told. His nom would then head to the Senate floor for the full chamber to vote on. ICYMI, my & @BurgessEv's story Tuesday on the tight timeline the White House is pushing 👇
NEW: As they race to confirm Miran by the Fed's next meeting, Senate Republicans are deflecting questions over Cook: "It's in the courts." They are, however, clear they have questions for Miran: “I want to hear that he believes in the independence of the Fed.” With @BurgessEv:
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New: Republicans on the Senate Banking Committee have prepared a second discussion draft of a bill to overhaul the market structure of federal crypto regulation. Senate Democrats have yet to weigh in on the 182-page draft, which you can read here:
punchbowl.news
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Nasdaq is asking regulators to let investors trade tokenized versions of stocks on its exchange, a move that could mark the first big test of blockchain technology inside the core of America’s equity markets
bloomberg.com
Nasdaq Inc. is asking regulators to let investors trade tokenized versions of stocks on its exchange, a move that could mark the first big test of blockchain technology inside the core of America’s...
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Treasury Secretary Scott Bessent defends Trump’s handling of the economy following a string of lackluster employment reports. He says on NBC’s Meet The Press that the August jobs report might be unreliable and should be taken with grains of salt: • “August is the noisiest
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Employers added 22,000 jobs in August, with private sector payrolls up 38,000. The unemployment rate rose to 4.3% (This is the highest since 2021.) Job growth for June was revised down to show a *loss* of 13,000 jobs, and July was revised up to a gain of 79,000 from 73,000. On
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Michelle Bowman, vice chair for supervision at @federalreserve, will join us at this year’s Financial Markets Quality (#FMQ) Conference! 📅 Date: Thursday, September 25, 2025 📍 Location: Lohrfink Auditorium, @msbgu 🔗 Register now: https://t.co/2EPd5aWwUR See you at #FMQ!
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Klarna aims to raise up to $1.27bn as it revives New York IPO
ft.com
Swedish fintech aims to raise up to $1.27bn less than six months after postponing previous attempt to go public
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Treasury Secretary Scott Bessent said the Trump administration may declare a national housing emergency this fall as the White House looks to highlight key issues for midterm campaign voters
bloomberg.com
Treasury Secretary Scott Bessent said the Trump administration may declare a national housing emergency this fall as the White House looks to highlight key issues for midterm campaign voters.
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12/ We’ll be back to a busy schedule in DC after Labor Day, starting with CoinDesk’s event on Sept. 10. I'll join former CFTC Chairman Rostin Behnam to discuss market structure and the role of the CFTC.
I’m excited to speak at #CDPolicyRegulation hosted by @CoinDesk. Join me in D.C. on Sept. 10 for this important event that brings together TradFi and DeFi policy and legal leaders with key public officials. https://t.co/BNjo79AFdZ
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Lael Brainard, Psaros Center Distinguished Fellow and Former Director of the White House National Economic Council, Vice Chair of the Federal Reserve Board, and Under Secretary of the U.S. Department of the Treasury, will join us at this year’s Financial Markets Quality (#FMQ)
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Democratic Commissioner Kristin Johnson will leave the Commodity Futures Trading Commission on Sept. 3
bloomberg.com
Democratic Commissioner Kristin Johnson will leave the Commodity Futures Trading Commission on Sept. 3, bringing the agency under the sole leadership of Acting Chairman Caroline Pham.
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Individual senators have a lot of sway over the Fed. Just one Republican on the Senate Banking Committee could jam up any attempt to replace Lisa Cook in committee Committee split 13-11 and several Republicans tout importance of independent Fed. Retiring Tillis also on panel
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News w/ @Jasper_Goodman: Senate Banking expected to hold hearing next week on Miran's Fed nom, per two sources: https://t.co/YsKIyfJTbP Schedule hasn't been announced. Plan was in the works before Trump fired Cook and floated possibly shifting Miran to replace her if its upheld
politico.com
A nomination hearing for Trump’s pick to fill a vacant Fed board seat is expected next week.
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