Good afternoon and thank you to the organizers of the 2025 Wyoming Blockchain Symposium for inviting me to speak to you today.1 It is an honor to be included in this year’s event, which is being held at a critical moment for American leadership in the digital asset space. We are at the beginning of what appears to be a …
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Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. August 15, 2025 Federal Reserve Board announces it will sunset its novel activities supervision program and return to monitoring banks’ novel activities through the normal supervisory process For release at 12:00 p.m. EDT …
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Thank you for inviting me to speak to you today.1 It is wonderful to join you again this year, now as the Fed’s Vice Chair for Supervision. Since assuming this important financial regulatory role, we have hit the ground running—addressing some of the most critical matters in the bank regulatory space, all of which fall under the broad categories of …
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On Wednesday, July 30, 2025, I dissented from the Federal Open Market Committee’s (FOMC) decision to maintain the target range for the federal funds rate at its current level. As the Committee’s post-meeting statement notes, I preferred to lower the target range for the federal funds rate by 25 basis points.1 Inflation has moved considerably closer to our target, after …
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Goldman Sachs Group Inc. (NYSE:GS) shares traded higher Wednesday after the firm reported second-quarter results that beat analyst expectations, boosted by robust gains in its global banking and trading divisions. Net revenue rose 15% year over year to $14.58 billion, topping the consensus estimate of $13.36 billion, though it declined 3% from the prior quarter. GAAP earnings came in at …
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