Banking
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Kevin Warsh buried an unusual, unhedged promise in his first Fed minutes—and one economist says it’s the strongest signal in the document
Buried in the Federal Reserve’s June policy statement—the shortest of Kevin Warsh’s young tenure as chair—is a single sentence with no qualifiers, no hedges, and, according to at least one longtime Fed watcher, more signal than anything in the minutes released Wednesday: “The Committee will deliver price stability.” “There’s not a qualifying statement after that,”…
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Thousands wrote to the SEC about quarterly reporting. A detailed letter came from Exxon’s CFO
Good morning. Earnings season is about to kick off, just as the U.S. Securities and Exchange Commission weighs whether companies should keep reporting quarterly or have the option to shift to semiannual disclosures. In May, the SEC announced a proposed rule and form amendments that would allow semiannual reports to satisfy interim reporting obligations under…
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A former Fed colleague of Kevin Warsh on what to expect: ‘Plan for higher rates’
It’s been a constant question: will new Fed Chair Kevin Warsh act more like his true, hawkish self, or will he cater to President Donald Trump’s views that a rate cut is what the country needs right now? He’s been hawkish in the past—quitting in 2011 as a Fed governor over the its bond buying—just…
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Atlanta Fed chief selection delay gives Warsh a say
The Federal Reserve Bank of Atlanta has resumed its search for a new president following the arrival of Kevin Warsh, allowing the new Fed chairman to have a say in the selection of a key official who will vote on interest rates in 2027. The search to replace former Atlanta Fed President Raphael Bostic, who…
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Alan Greenspan said 3 years with Gerald Ford beat 18 at the Fed. His death at 100 raises the question: was he right?
Alan Greenspan, who died on June 22, 2026, at the age of 100, is best remembered for his 18 years at the helm of the Federal Reserve. What many people don’t know is that an earlier and more obscure stint during the administration of President Gerald Ford shaped him as a public servant. As professors…
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Maybank Singapore CEO Alvin Lee looks to tap the silver economy and cross-border flows to grow his business
Singapore is racing towards super-aged status. By 2030, one in four citizens will be 65 or older, up from just one in ten two decades ago. Demographic decline can be a burden on economies, as a shrinking working-age population is forced to support a growing elderly population. But for some businesses, the “silver economy”—products and…
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The man who invented the Fed’s magic trick just died. His successor is about to try it again
Some of the most consequential decisions in the global economy of the 1990s were worked out in a bathtub. Alan Greenspan, who died Monday at 100 from complications of Parkinson’s, had a bad back. He soaked it at dawn in a deep tub at home, thinking through the economy before the day began, and it…
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Who needs rate cuts? Even the Fed’s new chair admits companies are easily raising capital on financial markets amid epic stock and debt binge
Markets are losing hope that the Federal Reserve will lower rates anytime soon and are bracing for potential increases, but the deluge of capital being raised by companies signals financial conditions are already somewhat easy. Before SpaceX’s historic IPO, Goldman Sachs estimated IPOs in 2026 will generate a total of $225 billion in proceeds—up from…
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New Fed Chair Kevin Warsh’s decision to drop forward guidance may actually empower the central bank’s other policymakers
The Federal Reserve has for decades moved steadily from a remote, opaque government agency that shared little about what it did or why to a more transparent institution willing to explain how it makes decisions and what it thinks about the economy. But in his first press conference Wednesday, new chair Kevin Warsh began to…
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We’ve now got the full text of the U.S.-Iran peace deal—and allies are appalled at the gains it hands to Iran
Good morning. On Fortune’s radar today: We’ve now got the full text of the U.S.-Iran peace deal. Allies are glad the war is over but appalled at the gains it hands to Iran. Markets threw a fit over Kevin Warsh’s first appearance as Fed chief. Europe’s Most Innovative Companies: See the definitive list here. Elon…