Federal Reserve
Trump Fed Nomination Catches COVID
Like so many Americans, Judy Shelton’s hopes for a spot on the Fed are on life support.
![By US government [Public domain], via Wikimedia Commons](https://dealbreaker.com/.image/ar_16:9%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_620/MTYxMjc3NjkyNDM5MzczMzAx/gensler.jpg)
Wall Street May Not Have Biden’s Ear, But Two Guys Who Hate It Do
Gary Gensler and Ted Kaufman are not the kind of people big finance want to see in positions of influence.
Simply Being Citigroup An Offense Carrying A Nine-Figure Fine
And that doesn’t even take into account the QAnon guy.
Jay Powell Coins A Fedspeak Neologism
Among central bankers, “powerful” will now be used to connote howling, helpless impotence.
Seth Klarman Thinks Investors Are Childish Enough Without The Fed’s Milk And Cookies And Cooing
They’ll probably just shrug off the impending economic cliff the president and Congress seem intent on driving off.
![By Federalreserve [Public domain], via Wikimedia Commons](https://dealbreaker.com/.image/ar_16:9%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_620/MTYxMjc3MTk4NTE3OTM3NjUz/volcker.jpg)
America’s Regulatory Ranks Have No Room For Black People, But Plenty For Judy Shelton
Who says this country suffers from systemic racism?
The Radical Truth Is Bridgewater’s Not Responsible For Its 20.6% Loss
Some people have understood and connected the dots and lay the blame at the Fed’s door.
James Gorman Worried He Won’t Set Another Earnings Record Next Quarter
I mean, sure, a 50% jump in profits seems great, but he wouldn’t want to set expectations too high.
![See page for author [Public domain], via Wikimedia Commons](https://dealbreaker.com/.image/ar_16:9%2Cc_fill%2Ccs_srgb%2Cfl_progressive%2Cg_faces:center%2Cq_auto:good%2Cw_620/MTYxMjc3MTIyODE5NDY3MjI4/paulvolcker.jpg)
Regulators Unceremoniously Dump Volcker Rule Into Crude Ditch Next To Its Author
But not without delivering another, posthumous “F.U.” to the late former Fed chief.
Jay Powell Is Making It Up As He Goes Along
This is a less reassuring statement than he probably thinks.
Deutsche Bank’s Money Laundering Controls Still Need A Touch Of Work
Not that the Federal Reserve is mad about it or anything. Oh, they are?
Jeff Gundlach Has A Question
It is not a serious question, but it is a sign that he is seriously pissed.
Stress Tests Still Happening, Banks To Get Special Treat If They Pass
Well, their investors will get the treat, but all the same.
Since Coronavirus Is Far Worse Than Any Stress Test, What’s The Point Of Stress Tests?
Don’t banks and the Fed have better things to do right now?
The Last Three Weeks Have Made The Great Depression Look Like A Gentle Drive Down A Moderately Steep Hill
Welcome to the Zumanjaro: Drop of Doom market.
What America Needs At This Particular Moment Is Definitely A New Bank From Jack Dorsey
An eager and not-at-all-shellshocked world greets the arrival of Square Financial Services.
It’s Starting To Feel Like Jay Powell’s Not Cut Out For This Fed Chair Thing
Donald Trump may be right about Bizarro King Midas, although for the wrong reasons, of course.
Call the **Cough Cough** Close
Let’s play a pre-pandemic parlor game together, maybe for the last time.