macro

US central bank chair’s Jackson Hole hint that rates may rise runs counter to the reduction in borrowing costs the US president desires

Federal Reserve Chair Kevin Warsh’s first Jackson Hole speech gave central bankers and investors greater clarity on how he views the economy and the Fed’s path ahead, though questions remain about the timing and number of potential rate hikes. Bloomberg Odd Lots co-host Joe Weisenthal is on Bloomber

Warsh reiterated that policymakers have a "firm, fixed target" of 2% inflation at the 2026 Jackson Hole Economic Policy Symposium. Bloomberg's Maria Eloisa Capurro explains. (Source: Bloomberg)

This might be remembered as a moment when the central bank switched approach

Federal Reserve Board announces approval of the application by FS Bancorp, Inc.

Federal Reserve Board issues enforcement actions with former employee of Regions Bank and former employee of United Community Bank

Federal Reserve Board issues enforcement action with SouthPoint Bancshares, Inc. and announces termination of enforcement action with Deutsche Bank AG, DB USA Corporation, and Deutsche Bank AG New York Branch

Federal Reserve Board issues enforcement actions with former employee of Regions Bank and former employee of First Interstate Bank

Federal Reserve Board issues enforcement action with Iuka Bancshares, Inc. and The Iuka State Bank

Federal Reserve Board announces approval of the application by Coastal Bend Bancshares, Inc.