Remaking the financial system does not require any new laws.
Federal Reserve
Posted inMoney, Politics, and Power
Facebook Wants to Become the World’s Banker—and Congress Isn’t Paying Enough Attention
Despite the company’s plan to issue its own currency, lawmakers haven’t grasped the threat this poses to the world’s economy.
Posted inEconomic Policy
Wells Fargo Gets What It Deserves—And Just in Time
Janet Yellen lowered the boom on the crooked bank—but now finance’s regulators are all Trump appointees.
Posted inMoney, Politics, and Power
Janet Yellen Can Still Serve on the Fed Board
She may no longer be the chair, but she’s still a member—and could be a force for good.
Posted inEconomic Policy
Is Trump Smart Enough to Reappoint Janet Yellen?
Despite the dreaded taint of Barack Obama, she’s been very good for the economy, and the others on his list are far worse.
Posted inMoney, Politics, and Power
Janet Yellen’s Secret Weapon Against Wall Street Deregulation
Federal Reserve Chair Janet Yellen has a rare opportunity to change the culture of the nation’s central bank when she picks a successor to outgoing general counsel Scott Alvarez.
Posted inCivil Rights in America
Q&A: Diversifying the Fed
National Urban League President Marc Morial recently met with the Federal Reserve’s Board of Governors to make the case that more diversity in the U.S. banking system would have mitigated the devastation the recession inflicted on communities of color.
Posted inEconomic Policy
Et Tu, Janet Yellen?
The Fed chair recently announced that the bank will raise interest rates by year-end, but that doesn’t mean she’s gone to the dark side.
Posted inEconomic Policy
Are We Asking Too Much of the Federal Reserve—or Too Little?
How the Fed can jump-start much-needed public investment.
Posted inCivil Rights in America
Do Black Lives Matter to the Federal Reserve?
With black communities nationwide far from recovered, a grassroots coalition wants the Fed to know that an interest rate hike could be disastrous.