“Hassett’s main challenge would be to prove to markets that, though a Trump loyalist, he would be sufficiently independent of the president as Fed chair to maintain Fed credibility.".

Kevin Hassett is rising in the competition to become the next Fed chair. Whoever Trump picks may say things that cause markets to lose confidence he will raise rates to tackle inflation. Will heat from the market doom the eventual nominee? .

“Will the project reduce costs for the Fed?. Yes. Over time, the Board has needed to lease space in several commercial office buildings to support its operations. This project allows the Board to consolidate its operations and reduce expenses…”

In the dark, amid screams, a Camp Mystic counselor had 16 girls and one headlamp

RT @JamesBlairUSA: Is Trump Using an Obscure Architecture Board to Fire Jerome Powell? - POLITICO

JPMorgan has told financial-technology companies that it will start charging fees amounting to hundreds of millions of dollars for access to JPM's customers’ bank account information – a move that threatens to upend the FinTech industry’s business models

No other. long day, can't spell.

Hoping Jonathan Gould is able to do something know other modern-day comptroller has done: restore justice to the universe by returning Hugh McCulloch.

Nearly half of the us mortgage market revolves around a guy who is tweeting out fiction.

RT @IsaacDovere: Not exactly a leap over a tall building to see how a character created by two guys whose parents were from Eastern Europe….

So under yesterday’s proposal, a big bank could be considered well managed if determined to be deficient in its capital or liquidity but would only get dinged if they are deficient in both? Seems, uh, really favorable to the biggest banks.

RT @tracyalloway: this week in a nutshell

U.S. could lose more immigrants than it gains for first time in 50 years

US short-term rates should reflect those of the weakest economies, the president says.

Why Trump’s attacks on the Fed are self-defeating if they cause bond investors to lose confidence in the Fed’s ability to tackle inflation. That would potentially cause long term rates to rise, raising borrowing costs for the US.

I didn't read the entire section of the Reserve Act but it's pretty sweeping in terms of the Fed's authority to build as it wishes:."The Board may maintain, enlarge, or remodel any building or buildings so acquired or constructed and shall have sole control of such building or.

"for the acquisition by the Board in its own name of such site or building in the District of Columbia as in its judgment alone shall be necessary for the purpose of providing suitable and adequate quarters for the performance of its functions.".

First time the Senate has confirmed a Comptroller of the Currency in 8 years.