News · wjon.com

Dr . Christina Romer On The Federal Reserve Biggest Challenges

Christina Romer, who chaired President Obama’s Council of Economic Advisers from 2009 to 2010, will deliver the 2026 Clemens Lecture on Monday at 7:00 p.m. at the College of St. Benedict in St. Joseph, titled “The Federal Reserve Under Pressure: Extraordinary Challenges and Limited Options.” She says the Fed faces persistent inflation, a large and growing budget deficit, pressure from policymakers, and threats from AI. During the Obama administration, she was one of four economic experts who met with the president daily to guide the response to the Great Recession.

Summary written by Upside AI from the original article. Read the source for full details.

Read the original on wjon.com ↗

Related news

  • What the Federal Reserve actually does

    The Federal Reserve is the central bank of the United States, created by Congress in 1913 after a series of banking panics. Its dual mandate is maximum employment and stable prices, with stable prices defined since 2012 as 2% annual inflation measured by the PCE index. The Federal Open Market Committee, with twelve voting members, meets eight times a year to set the federal funds rate, its main tool; raising rates slows borrowing and inflation but risks recession, while cutting rates supports jobs but may lift inflation. During the 2008 crisis and the 2020 pandemic, the Fed bought Treasury and mortgage-backed securities to push down long-term rates, and it also serves as lender of last resort, bank supervisor and operator of payment systems such as FedNow, launched in 2023. It does not set tax or spending policy and cannot target individual prices like gas or groceries.

    addictinginfo.org·Fedinterest ratesinflation
  • Recent Federal Reserve Messaging Draws Dovish Interpretationseconotimes.com·▼ DXY▲ PAXG/USDT▲ XAUT/USDT▲ XAU/USDFedinterest ratesUS
  • Federal Reserve Ends Three Enforcement Actions Tied to Closed Kansas Bank

    The Federal Reserve Board said three enforcement actions against Small Business Bank and its parent are no longer active, with terminations effective Oct. 13 after the Lenexa lender closed on July 17. The terminated actions were a Sept. 1, 2023 cease-and-desist order against the bank and Gardner Bancshares, Inc., a Nov. 13, 2024 order against the bank, and a June 29, 2026 prompt corrective action directive, and the Fed did not explain the terminations. The Kansas Office of the State Bank Commissioner tied the closure to ongoing operating losses, and the FDIC was appointed receiver. The Farmers State Bank of Oakley took over nearly all deposits, while the bank held $73 million in assets and about $69 million in deposits at March 31, 2026. The FDIC estimates the failure will cost the Deposit Insurance Fund about $5.7 million, subject to revision as it sells retained assets.

    econotimes.com·
  • Federal Reserve Board announces termination of enforcement actions with Gardner Bancshares, Inc. and Small Business Bank

    On October 16, 2026, the Federal Reserve Board announced the termination of enforcement actions against Gardner Bancshares, Inc. and Small Business Bank, both based in Lenexa, Kansas. Three actions were terminated on October 13, 2026: a cease and desist order dated September 1, 2023, which covered both entities, a cease and desist order dated November 13, 2024, against Small Business Bank, and a Prompt Corrective Action dated June 29, 2026, also against Small Business Bank.

    Federal Reserve·
  • Federal Reserve Releases Latest Industrial Production and Capacity Utilization Data

    The Federal Reserve said the latest G.17 data on industrial production and capacity utilization are now available. The monthly statistical release covers U.S. industrial output and capacity utilization, and can be accessed via the Industrial Production and Capacity Utilization - G.17 page on the Federal Reserve Board's website.

    newsroomamerica.com·• DXY

Related markets

Currencies →Gold →

Latest news

  • One of this year's most important relationships in global financial markets is falling apart

    One of the most important relationships in global markets has started to unravel over the past couple of weeks. Investors are scrambling to work out what it could mean for the economy and their portfolios.

    MarketWatch·
  • 2 High-Flying Dividend Stocks to Buy and Hold for a Decade

    The article argues healthcare is rebounding in 2026, with Merck (MRK) shares up 39% and AbbVie (ABBV) up 24% year to date, versus about 12% for the S&P 500. Merck's second-quarter revenue rose 5% to $16.6 billion, beating estimates, with Keytruda sales of $8.4 billion, though Keytruda may lose patent exclusivity by 2028. AbbVie's second-quarter revenue grew 10.2% to nearly $17 billion and adjusted EPS rose 22.9% to $3.65, driven by Skyrizi and Rinvoq sales growing about 24%. AbbVie is on a streak of 54 consecutive annual dividend increases, including its time as part of Abbott Laboratories, qualifying it as a Dividend King. The author concludes both are attractive long-term holdings based on financial results, pipelines, and dividends.

    Yahoo Finance·
  • Nvidia (NVDA) Stock Price Lags Massive Earnings Growth—A Compelling Value Opportunity

    Munro Partners' Munro Global Growth Fund posted a -12.6% net return in Q3 2026, trailing the MAET.ASX return of -13.8%, with long holdings the main detractors. The fund's letter named NVIDIA (NASDAQ:NVDA) its largest contributor, citing strong earnings growth and guidance for at least 70% revenue growth next fiscal year, versus consensus of 45%. Nvidia reported quarterly revenue of USD96.2bn in August, up 106% year on year, and management said growth would have been closer to 100% without supply constraints. As of October 12, 2026, NVDA closed at $214.13, down 4.23% over the past month and up 19.23% over the past year, with a $5.16 trillion market cap and a 52-week range of $164.27 to $243.37. The fund says demand for semiconductors and AI remains strong, creating a constructive setup as capex and political fears are now priced in.

    Yahoo Finance·▲ NVDA
  • Better Artificial Intelligence Stock for 2026: C3.ai vs. SentinelOne

    The article compares C3.ai, which sells enterprise AI applications, with SentinelOne, which provides AI-powered autonomous cybersecurity. In fiscal 2026 (ended April 30), C3.ai's revenue was nearly $250.3 million, down 35.7%, with a net loss of $470.4 million and negative free cash flow of $190.7 million. SentinelOne's fiscal 2026 (ended January 31) revenue reached $1.0 billion, up 21.9%, with a net loss of $450.7 million and free cash flow of about $75.9 million, though stock-based compensation equaled roughly 388.4% of operating cash flow. The article cites C3.ai's restructuring plan from February 2026 and long government sales cycles as risks, and SentinelOne's competition from larger vendors and reliance on Amazon hosting. It says SentinelOne trades at a lower valuation relative to sales, while C3.ai has no future earnings estimates.

    Yahoo Finance·
  • Salazar Resources to Begin Drilling the Yumi Gold-Silver Veins at Tarqui, with Porphyry Drilling Planned at Monja, Ecuador

    Salazar Resources closed a $3,500,000 non-brokered private placement announced on October 8, 2026, and outlined its exploration plan. Phase 1 is about 1,500 metres of drilling in five holes at the Yumi gold-silver veins on its 100%-owned Tarqui project, with drilling expected to begin in late October 2026, and the veins have not previously been drilled. Selective rock-chip samples returned 105 g/t Au and 1,038 g/t Ag, and historical BHP holes intersected porphyry-style mineralization nearby, which the company interprets as lying on the periphery of a porphyry center not yet located. Phase 2 contemplates up to about 3,500 metres of drilling in four holes at the 100%-owned Monja copper-gold porphyry target from the first quarter of 2027, subject to surface access and permits. A soil survey of about 895 samples is also planned at Quimi, part of the Tarqui-Quimi project.

    Yahoo Finance·
  • Musk: AI’s Hard Part Is “Scaling Power”: 3 Stocks Uniquely Suited to Win This New Bottleneck Trade

    Microsoft said it will scale its Maia chips to multi-gigawatt deployments starting next calendar year, and Elon Musk said scaling power is the hard part of AI. The article argues power is an input that chip and app companies cannot copy quickly, which favors Vistra (VST), Constellation Energy (CEG) and GE Vernova (GEV). Vistra has lost nearly a fifth of its value over the past year even though its adjusted EBITDA rose to $5.91 billion, while Constellation's normalized EPS is expected to reach $13.29 in fiscal 2027. GE Vernova's revenue is expected to reach $60.7 billion by fiscal 2028, and Jefferies has a $298 price target on Vistra. The article warns that all three stocks could move with the mood around AI, regardless of their results.

    Yahoo Finance·

All news →

Get the briefing on Telegram or Zalo

Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.