The profit the Fed makes on issuing dollar cash may be going away as well. Cash continues to decline as a share of total payments. The White House and Republicans in Congress have made clear that the Fed is not to replace dollar cash on its own balance sheet with any other kind of liability, such as a digital currency.

(Reuters) -Federal Reserve Governor Lisa Cook on Friday noted financial market volatility last month driven by the Trump administration's announcement of unexpectedly high tariffs did not result in the kind of U.

The Federal Reserve is unlikely to lower its benchmark interest rate at its two meetings this summer, several bank policymakers indicated in speeches and interviews this week.

The manager of the Federal Reserve’s massive portfolio of securities said the central bank’s effort to reduce the size of its balance sheet is beginning to place pressure on the market for repurchase agreements.

A proposal for the U.S. Federal Reserve to release detailed economic forecasts after some of its meetings to anchor the discussion of monetary policy is drawing fire from the heads of its regional banks who worry it will be hard to agree on a common outlook and risks further confusing the public.

Treasury yields are rising because financial-market participants are concerned that there won’t be any meaningful near-term effort to reduce budget deficits, Federal Reserve governor Christopher Waller said Thursday.

Only 17% of California households could qualify to buy in 2025’s first quarter, according to calculations from the California Association of Realtors. Six years earlier, this affordability yardstick showed 32% could buy. And this qualification measure has averaged 31% since 2006.

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