Podcast: How a CBDC would ‘fundamentally rewire our economy’

FHFA said it will continue to prioritize the Federal Home Loan Banks, property insurance and energy efficiency in the housing industry, although whether those issues will remain priorities under the Trump administration is unclear.

The U.S. banking system remains sound and resilient, with strong asset quality and earnings, but pockets of elevated risk pose challenges for some banks with commercial real estate remaining an area of concern, the Federal Reserve said.

Though the GOP sweep of the House and Senate portends good things for bank-friendly policy, there is still a lot of work to do on both sides of the aisle. Agriculture issues should see movement in new Congress.

The Federal Open Market Committee can take its time lowering rates given the strength of the U.S. economy, Federal Reserve Chairman Jerome Powell said.

Credit and debit card payments continued to grow in 2022, reaching 153.3 billion transactions and $9.76 trillion in value, according to Federal Reserve data, which also showed strong growth in mobile wallet payments.

With many provisions of the 2017 Tax Cuts and Jobs Act expiring at the end of next year and tax policy changes able to be passed on a simple-majority basis through budget reconciliation, bankers can expect to see...