Adjusting the exemption amounts for special appraisal requirements, the CFPB, Federal Reserve, and the Office of the Comptroller of the Currency have revised dollar thresholds to match wage increases as measured by the CPI-W.
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Marking the largest increase in nearly 22 years, the Federal Open Market Committee raised interest rates by 50 basis points to a range of 0.75-1.00% amidst record-high inflation. The Fed will also allow $60 billion in Treasuries and $35 billion in MBS to roll off their balance sheet each month.
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Twenty-first Chair of the FDIC tenders her resignation, and will be replaced by current Board member Martin L. Gruenberg.
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President Barack Obama has announced his intention to nominate former Bank of Hawaii CEO Allan Landon to fill one of two available governor positions for the Federal Reserve System on its seven-seat board of governors, according to an announcement from the White House.
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