Today on TAP: What’s really going on with the economy?
Federal Reserve
Posted inEconomic Policy
How Banks Keep You Trapped
Financial institutions are doing everything they can to prevent consumers from shopping around for better banking options. A new federal rule attempts to change that.
Posted inEconomic Policy
Capitalists Against Capital Standards for Banks
How the biggest banks are using community bankers to front for the self-interest of Wall Street in trying to weaken the rules
Posted inLaw and Justice
Supreme Court Seems Hesitant to Toss Out the CFPB
Oral arguments today saw the justices skeptical that the Constitution doesn’t allow Congress to fund the CFPB in a particular fashion.
Posted inTAP
Does Jay Powell Want to Elect Trump?
Today on TAP: Most of the sources of inflation are either the result of the Fed’s own policy, or have nothing to do with domestic demand, such as the rising price of oil.
Posted inEconomic Policy
The Federal Reserve Could Be a Powerful Weapon Against Climate Change
Activists are pushing Fed vice chair Michael Barr and his deputy Kevin Stiroh to force the financial sector to take climate change seriously.
Posted inTAP
The Wasted Crisis
Today on TAP: What did we learn from the financial collapse of September 2008? Not enough.
Posted inTAP
The Economy: Steady as She Goes
Today on TAP: The Fed needs to understand that this economy defies its models. It should begin to cut rates, and get ready for a whole other kind of inflation driven by climate change.
Posted inEconomic Policy
Jay Powell’s Legacy Depends on Whether He Steps Up on Climate Risk
In advance of his Jackson Hole speech, the Fed chair has neglected his role of ensuring the safety and soundness of banks with substantial fossil fuel assets.