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President Donald Trump held a listening session Thursday to hear from community banks about their struggles with regulations. He assured the bankers that a rollback in regulations is coming soon, and that community banks could soon hold a seat once again on the Federal Reserve Board. Source: HousingWire Magazine
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Once this became evident, US Treasury securities were no longer a one way bet, and thus the willingness to hold bonds at a sub-2% rate decreased somewhat. As should have been no surprise to anyone, Federal Reserve officials included, rates thus.
Monday Morning Cup of Coffee: Federal reserve stunts wells fargo’s growth. Plus, Millennials riot in post-apocalyptic Super bowl ad. monday morning cup of Coffee takes a looks at the news.
The Federal Reserve Board chairman told Sen.. not to remove the asset growth restriction until Wells Fargo CEO Tim Sloan is replaced.
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