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Tag: Federal Reserve

Everything You Need to Know About the Federal Reserve Trading Scandal

Exposing Pandemic Profiteering at American’s Central Bank, Leadership Failures & Cover Up As hundreds of thousands of Americans were dying and tens of millions were being thrown out of work due to a catastrophic pandemic that gripped the country with fear, some of the most senior officials at the U.S. central bank – the Federal […]

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Sen. Manchin is Wrong About Sarah Bloom Raskin, Who Should Be Confirmed for Vice Chair for Supervision at the Federal Reserve

WASHINGTON, D.C.— Dennis Kelleher, President and CEO of Better Markets, issued the following statement regarding Sen. Manchin’s reported opposition to Sarah Bloom Raskin for Vice Chair for Supervision at the Federal Reserve: “Sen. Manchin claims to have “carefully reviewed Sarah Bloom Raskin’s qualifications and previous public statements” and, based on that review, announced his opposition […]

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The Federal Reserve’s Disturbing Pattern of Late-Friday Bank Merger Approvals Highlights the Need for More Transparency and Accountability

WASHINGTON, D.C.— Today, Phillip Basil, Director of Banking Policy at Better Markets, issued the following statement on today’s action by the Federal Reserve to approve the acquisition of People’s United Bank by M&T Bank: “Today the Federal Reserve announced yet another late-Friday approval of a bank acquisition, which follows its late-Friday announcements of three bank […]

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Fact Check Memo: Critics of Sarah Bloom Raskin for the Federal Reserve Board Distort Her Climate Statements Which Align with Chair Powell, Former Vice Chair Quarles, Wall St’s Banks & Others

FOR IMMEDIATE RELEASE Monday, January 31, 2022 Contact: Evelyn Swan at 202-618-6433 or eswan@bettermarkets.org WASHINGTON, D.C.—Dennis Kelleher, Co-founder, President and Chief Executive Officer of Better Markets, issued the following statement in connection with the release of a Fact Check Memo detailing critics’ distortion of Sarah Bloom Raskin’s statements regarding climate, which align with Chair Powell, […]

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Biden’s First Year Down—Three Years of Opportunities Remain

As we said at the beginning of 2021, President Biden’s first term is going to be over before you know it and one quarter of it already is. While much has been accomplished, too many of administration’s initiatives and nominees have languished in the Senate, mostly due to obstruction unrelated to the merits. Regardless of […]

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President Biden’s Three Nominees to the Federal Reserve Board Are All Deeply Experienced and Highly Qualified

FOR IMMEDIATE RELEASE Friday, January 14, 2022 Contact: Doug Walker at 202-618-6430 or dwalker@bettermarkets.org WASHINGTON, D.C.—Dennis Kelleher, Co-founder, President and Chief Executive Officer of Better Markets, released the following statement in response to President Biden’s nomination of Sarah Bloom Raskin, Lisa Cook and Philip N. Jefferson to serve on the Federal Reserve Board: “We applaud […]

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Vice Chairman Clarida’s Resignation Confirms There Is an Epidemic of Ethical and Legal Violations at the Highest Levels of the Federal Reserve

FOR IMMEDIATE RELEASE Monday, January 10, 2022 Contact: Doug Walker at 202-618-6430 or dwalker@bettermarkets.com WASHINGTON, D.C.— Dennis Kelleher, Co-founder, President, and Chief Executive Officer of Better Markets, issued the following statement in response to the announced resignation of Federal Reserve’s Vice Chair Clarida: “Federal Reserve Vice Chair Richard Clarida’s conduct in seeking to personally profit […]

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As Explosive New Facts About Federal Reserve Insider Trading Scandal Are Revealed, Better Markets Renews Call for the Fed to End Its Cover Up and for an Investigation by the Justice Department

FOR IMMEDIATE RELEASE Thursday, January 6, 2022 Contact: Doug Walker at 202-618-6430 or dwalker@bettermarkets.com WASHINGTON, D.C.— Dennis Kelleher, Co-founder, President, and Chief Executive Officer of Better Markets, issued the following statement in connection with the New York Times story today about Federal Reserve’s Vice Chair Clarida’s amended trading disclosure: “The New York Times’ explosive story […]

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The Federal Reserve’s Late-Friday Bank Merger Approvals Highlight the Need for More Transparency and Public Accountability

FOR IMMEDIATE RELEASE Monday, December 20, 2021 Contact: Doug Walker at 202-618-6430 or dwalker@bettermarkets.org WASHINGTON, D.C.— Today, Phillip Basil, Director of Banking Policy at Better Markets, issued the following statement on last Friday’s action by the Federal Reserve to approve three bank mergers: “The Federal Reserve’s late-day approval announcements of three bank mergers last Friday—as […]

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In a New Report, Better Markets Calls on Banking Regulators to Act ASAP to Address Material Risks to the Banking System from Climate Change

FOR IMMEDIATE RELEASE Tuesday, November 2, 2021 Contact: Evelyn Swan at 202-618-6433 or eswan@bettermarkets.org WASHINGTON, D.C.— Today, Phillip Basil, Director of Banking Policy at Better Markets, issued the following statement regarding the publication of our new report, Climate Change and the Banking System: “As world governments debate national commitments to address the global climate change […]

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