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Topic:Banking Outlet:Spokane Spokesman-Review Clear all

14 articles, grouped into stories

All that home equity, now what? A senior’s guide to unlocking housing wealthIf you’ve owned your property for decades, your house has likely been doing some financial heavy lifting in the background. According to the Federal Reserve, the housing wealth of baby boomers hit a record $19.84 trillion at the beginning of 2026.

Spokane Spokesman-Review4d agoWhole story →

DOJ not reopening criminal probe into Powell, Blanche saysThe U.S. Justice Department is not reopening a criminal probe into former Federal Reserve Chair Jerome Powell for cost overruns related to the central bank's building renovation project, a DOJ spokesperson said on Friday. Attorney General Todd ⁠Blanche, in comments to Bloomberg News, which first reported the ‌development, said he has not ruled out…

Spokane Spokesman-Review5d agoWhole story →

Government fed building renovation probe

Fed may take time to make next interest rate move, Jefferson saysFederal Reserve Vice Chair Philip Jefferson said on Thursday that while he supported the US central bank's interest rate increase last month, he does not see any urgency to make another move.

Spokane Spokesman-Review6d agoWhole story →

Economy fed interest rate decision

Bessent Urges Fed to Keep ‘Open Mind’ on U.S. Inflation OutlookTreasury Secretary Scott Bessent said Federal Reserve policymakers should keep an “open mind” on interest rates, arguing that productivity gains from artificial intelligence and deregulation will help keep U.S. inflation in check.

Spokane Spokesman-Review10d agoWhole story →

Technology fed rate decision

Outside View: Crypto doesn’t need a whole new set of lawsFor at least eight years, Congress has been trying and (mostly) failing to create a special set of rules for digital assets and the markets they trade on. It’s worth asking how much, if any, of that was advisable.

Spokane Spokesman-Review12d agoWhole story →

Economy crypto regulation debate

US Fed plans to raise bank oversight thresholds, sources sayThe US Federal Reserve is working on a plan to raise the asset thresholds that trigger stricter oversight of big banks, four people with knowledge of the matter said, which would allow some lenders to avoid costly additional regulation and potentially spur consolidation.

Spokane Spokesman-Review13d agoWhole story →

Fed’s Paulson says modest further rate increases may be neededFederal Reserve Bank of Philadelphia President Anna Paulson said additional interest rate increases may be needed to ensure inflation returns to the central bank’s 2% goal.

Spokane Spokesman-Review14d agoWhole story →

Economy federal reserve rate hike

What does a Fed rate hike mean for mortgage rates?Homebuyers face higher borrowing costs after the 30-year fixed rate for mortgages rose last week to its highest level in nearly two years. Don’t just blame the Federal Reserve.

Spokane Spokesman-Review16d agoWhole story →

Economy fed rate hike

Here’s what a Fed rate hike means for your mortgage, car loan and credit cardsThe Federal Reserve raised interest rates Wednesday for the first time since 2023, but that won’t mean the mortgage rate or car loan you’ve been eyeing will suddenly shoot up.

Spokane Spokesman-Review21d agoWhole story →

Economy fed rate hike

History Shows Fed Will Deliver Rate Hike Markets Have Locked InBond traders are pricing in a Federal Reserve interest-rate hike Wednesday with a level of conviction that has proven right for decades.

Spokane Spokesman-Review22d agoWhole story →

Economy federal reserve rate hike decision

Commentary: The Fed’s credibility depends on resisting politics, not playing itAt Jackson Hole last month, all eyes were on Federal Reserve Chair Kevin Warsh in his first speech at the Fed’s annual conference. But all thoughts were about the Fed’s rate decision next week. Kenneth Rogoff, a Harvard economist who was at Jackson Hole as a lunchtime speaker, offered this advice to a New York Times journalist: “If they can possibly put…

Spokane Spokesman-Review25d agoWhole story →

Economy federal reserve rate decision

U.S. 2026 budget gap hits $1.97 trillion with month left to goThe federal budget deficit hit $1.97 trillion for the first 11 months of the fiscal year, one of the highest such figures on record and leaving the debt burden heading within a few years to levels unseen in U.S. history.

Spokane Spokesman-Review26d agoWhole story →

Economy S 2026 federal budget update

Analysis: What a Fed rate hike would mean for the U.S. economy and inflationFederal Reserve officials have signaled they’re prepared to raise interest rates if inflation doesn’t improve soon, but they may find their main policy tool will do little to restrain some of the forces pushing up prices now. The consumer price index report due Friday is poised to determine whether policymakers will lift rates next week, with officials…

Spokane Spokesman-Review27d agoWhole story →

Commerce fed rate hike decision

Treasuries weaken as soaring oil Prices revive rate hike worriesTreasuries fell as traders worried that rising oil prices will fan inflation and add to pressure on the Federal Reserve to raise interest rates.

Spokane Spokesman-Review29d agoWhole story →

Economy federal reserve rate hike worries