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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Vice President JD Vance’s Ohio river kayaking trip sparks controversy
COLUMBUS, Ohio (AP) — Vice President JD Vance’s security detail had an Ohio river’s water level raised last week to accommodate a kayaking trip he and his family took to celebrate his 41st birthday. The U.S. Secret Service said it requested the increased waterflow for the Little Miami River, first reported by The Guardian, to ensure motorized watercraft and emergency …
Read More »Sony Senior Vice President says they are moving away from a hardware centric business model
It sounds like in the long term Sony is eventually moving away from a hardware centric business model according to the company’s senior vice president. We have already had LEGO Horizon Adventures grace the Nintendo Switch and by the sounds of it more games could eventually come to the Nintendo Switch 2 and future Nintendo platforms. Sony has been releasing …
Read More »Statement by Vice Chair for Supervision Michelle W. Bowman
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 …
Read More »Did the state of California turn on In-and-Out, or vice versa?
Southern Californians, we have not been betrayed. In-N-Out Burger is not moving its headquarters to another state, despite all the panic and performative outrage over recent comments by the fast food chain’s owner and chief executive, Lynsi Snyder. Last week, on the “Relatable” podcast, Snyder told conservative commentator Allie Beth Stuckey that she’s leaving the Golden State for Tennessee. “There’s …
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