President Obama yesterday named John Herrera to a vacant seat on the National Credit Union Administration board. Herrera is currently an executive at a community development financial institution. He previously served as a commissioner of the North Carolina Credit Union Commission and co-founder of a state-chartered Latino credit union. If confirmed, Herrera would take the seat vacated by Debbie Matz, who resigned as NCUA chairman in the spring.
FOMC sees ‘lack of further progress’ in reducing inflation
Citing a “lack of further progress” in recent months in dialing back inflation, the FOMC announced that it will maintain...