The meeting will be closed to the public, the Treasury Department statement said. Treasury Secretary Janet Yellen will convene the heads of top US financial regulators Friday morning for a previously unscheduled meeting of the Financial Stability Oversight Council. The step comes as regulators continue efforts to instill calm in financial markets and among bank depositors following the recent failure of two mid-sized lenders in the US and the near-collapse of banking giant Cr

"History Doesn't Repeat It's Self But It Often Rhymes" Mark Twain Moral hazard is a situation where an economic actor has an incentive to increase its exposure to risk because it does not bear the full costs of that risk. Or, put another way, it is when a party takes an excessive risk in bad faith, knowing another party is economically responsible for the outcome Looking back over time from the days of Mark Twain, The Reconstruction Era to the time of F. Scott Fitzgerald, Gat

"Green Metals," some of which are also "Rare Earth Elements," are gaining investor attention "Green Metals", which include copper, lithium, tin, and zinc, among others, are integral in the production of clean energy concepts, including batteries, solar panels, and more. In other words, green metals have long-term tailwinds. The global transition from fossil fuels to a low carbon economy is the primary driver of demand. The difficulty of and environmental hurdles related to de

Efforts to stem systemic banking risk increases US Dollar inflationary consequences. What is moral hazard? Investopedia defines it this way: In economics, the term “moral hazard” refers to a situation where a party lacks the incentive to guard against a financial risk due to being protected from any potential consequences. Moody's now negative on U.S. banks due to 'extremely volatile funding conditions, while First Republic and other regional banks are placed under review Moo

Todays release of the Budget cuts the deficit by nearly $3 Trillion over 10 years. Briefing Room Statement Release President Biden believes that investing in America, growing the economy from the bottom up and middle out, lowering costs for families, and reforming our tax code to reward work and not wealth are economic and fiscal imperatives. Strong and shared growth that benefits all Americans isn’t just good for the economy; it will also lead to better fiscal outcomes. At t

FRB Chairman Powell Semiannual Monetary Policy Report to the Congress Testimony Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate, Washington, D.C. Chairman Brown, Ranking Member Scott, and other members of the Committee, I appreciate the opportunity to present the Federal Reserve's semiannual Monetary Policy Report. My colleagues and I are acutely aware that high inflation is causing significant hardship, and we are strongly committed to returning infl