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‘We’re in risk management mode:’ Fed chair expects no rate cuts through March

‘We’re in risk management mode:’ Fed chair expects no rate cuts through March

by Alicia Tang | Feb 1, 2024 | Business, Featured

WASHINGTON – The Federal Reserve on Wednesday left its key interest rate unchanged for the fourth consecutive meeting, with Chair Jerome Powell quashing hope of rate cuts in March. The unanimous vote by the 12-member, rate-setting Federal Open Market Committee called...
Senators demand accessible, affordable flood insurance as Congress looks to reauthorize a federal program

Senators demand accessible, affordable flood insurance as Congress looks to reauthorize a federal program

by Charlotte Ehrlich and Clare Zhang | Jan 25, 2024 | Environment, Featured

WASHINGTON – Lawmakers on Thursday stressed the urgency of renewing the National Flood Insurance Program, with reforms to rein in ever-increasing premiums that are becoming harder for homeowners to afford. The Senate Banking Committee is working to reauthorize the...
Lawmakers Scrutinize Bank And Brokerage Mandatory Arbitration Agreements

Lawmakers Scrutinize Bank And Brokerage Mandatory Arbitration Agreements

by Zachary Miller | Mar 8, 2022 | Business, Featured

WASHINGTON — Last Thursday, President Biden signed into law a bipartisan bill to bar companies from contractually forcing sexual assault and harrassment complaints into arbitration. Now, the change has reinvigorated efforts to pass similar legislation in the financial...

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