The Latest Breaking News from the Senate Banking Committee

The Federal Reserve faces a cooling job market as well as persistently high prices, Chair Jerome Powell said in written testimony Tuesday, a shift in emphasis away from the Fed’s single-minded fight against inflation that suggests it's moving closer to cutting interest rates

This week the news is mostly backloaded to the second half of the week with PPI, CPI, and Sentiment all due out as well as bank earnings starting on Friday.

Fed Chair Powell today presented his semi-annual testimony before the House Financial Services Committee. Mr. Powell will appear Thursday before the Senate Banking Committee and repeat his prepared testimony, although he will answer different questions from panel members. Mr. Powell’s prepared statement today was in line with his comments last...

Questions on interest rates, banking regulation, and inflation to be raised during Powell's testimony.

Lawmakers are talking about raising the deposit insurance cap, but don't have consensus about how to do it.

WASHINGTON — Maryland Democratic Rep. Glenn F. Ivey got his start on Capitol Hill with a conversation about jazz. After blanketing members of the Congressional Black Caucus with his résumé, Ivey landed an interview with one of its founders, Democratic Rep. John Conyers Jr. of Michigan. Instead of talking politics,…

Freshman Rep. Glenn Ivey returns to D.C. having worked for John Conyers, Paul Sarbanes and former Senate Minority Leader Tom Daschle.

A top federal regulator called the failure of Silicon Valley Bank a "textbook case of bank mismanagement" during a Senate hearing about what led to its spectacular collapse

The nation’s top financial regulator is asserting that Silicon Valley Bank’s own management was largely to blame for the bank’s failure earlier this month and says the Federal Reserve will review whether a 2018 law that weakened stricter bank rules also contributed to its collapse