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Kamala Harris strengthens her street cred with labor. Gets support of the AFL-CIO.

Donald Trump’s criticism of labor unions last week at the Republican national convention apparently gave unions further license to support the Democrats. That support, due to a decision by President Joe Biden to not pursue his party’s nomination for a second term, has passed directly to Kamala Harris. Today, the AFL-CIO unanimously endorsed Ms. Harris … Continue reading Kamala Harris strengthens her street cred with labor. Gets support of the AFL-CIO.

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Kamala Harris isn’t ready to share her independent ideas … yet

I visited kamalaharris.com today to find out more specifics as to Vice-President Harris’ position on banking or any other issues she deemed important to her campaign. To say her website is lacking would be an understatement. If you are ready to make donations, her site, as situated, is for you. Also, if you are willing … Continue reading Kamala Harris isn’t ready to share her independent ideas … yet

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Could Harris be moved to a position to spin a positive narrative on banking?

In the 24 hours since President Joe Biden announced that he would not seek the Democratic Party nomination for president, the press has been analyzing and forecasting the positions Ms. Harris may take on a number of social and fiscal policy issues. Because my focus is on the banking system, I tried to nail down … Continue reading Could Harris be moved to a position to spin a positive narrative on banking?

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The Wes Moore gambit. The downside of Joe Biden not resigning full stop.

Around 1:46 pm today, President Joe Biden, via a letter to delegates, announced that he would not seek nor accept the nomination by the Democratic Party for president. I expected the announcement by tomorrow (Monday), but I guess a Sunday is good as any. More people at home to receive the news. The energy was … Continue reading The Wes Moore gambit. The downside of Joe Biden not resigning full stop.

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Does the Federal Reserve need better listening tools?

I just read through opening remarks by Governor Michelle W, Bowman, a member of the Board of Governors of the Federal Reserve System, delivered today during a Fed Listens event in Chicago. Fed Listens is an initiative through which policy makers engage community stakeholders in order to determine how monetary policy is impacting the lives … Continue reading Does the Federal Reserve need better listening tools?

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Senate hearings on Federal Reserve monetary policy: Warnock surprised me today.

U.S. Senator Raphael Warnock, Democrat of Georgia, used his time during today’s U.S. Senate Committee on Banking, Housing and Urban Affairs hearing on monetary policy to tie the problem of affordable housing in Georgia to Federal Reserve System rate setting. Jerome Powell, chairman of the Board of Governors of the Federal Reserve System pointed out … Continue reading Senate hearings on Federal Reserve monetary policy: Warnock surprised me today.