The Latest Breaking News from Michael S Barr

Mortgage rates today September 25: 30-year rises above 7.4%, 15-year climbs to 6.647% - here’s what borrowers need to know and why mortgage rates are going higher

Mortgage rates today September 25: Mortgage rates have risen significantly, with the average 30-year purchase mortgage now standing at 7.477%. This increase in rates is largely attributed to elevated Treasury yields and ongoing Federal Reserve policy expectations. Refinance rates have also been impacted, reaching 7.588% for a 30-year refinance mortgage.

The Economic Times · 22h ago

Three scenarios for the AI economy: Fed governor outlines the future of work

Federal Reserve Governor Michael Barr reveals how AI could actually help job seekers by narrowing wage gaps and supercharging human productivity.

Fortune · Feb 19

AI doomsday where many workers are ‘essentially unemployable’ is totally possible, Fed governor says

Federal Reserve Governor Michael S. Barr gave a speech on Tuesday with three scenarios, including one where you don’t have a job.

Fortune · Feb 18

Fed’s Barr: SVB ignored ‘bread and butter’ banking issues - Roll Call

The Fed official in charge of bank supervision said SVB was warned about its risks and that it ignored “bread and butter” banking issues.

Roll Call · Mar 28, 2023

As another Fed official rips the 'textbook case of mismanagement' at SVB, he's also turning the mirror on his own failures

The Fed's vice chair for supervision, Michael S. Barr, says he is “committed” to finding “any supervisory or regulatory failings” that led to SVB's collapse.

Fortune · Mar 27, 2023

Lawmakers float ways to recapture deposit insurance discipline - Roll Call

The size of deposits covered by federal bank rescues has lawmakers talking about the discipline of a cap on deposit insurance.

Roll Call · Mar 20, 2023

Lawmakers from both parties skeptical of legislation over SVB - Roll Call

President Biden's call for a legislative response to the SVB collapse is meeting skepticism from members of both parties on Capitol Hill.

Roll Call · Mar 15, 2023

Top Fed official compares crypto assets to tulip frenzy

Michael Barr called for crypto guardrails in a speech at the Peterson Institute for International Economics.

Fortune · Mar 9, 2023

Will The Fed Funds Rate Continue To Go Up? Fed Officials Weigh In On How To Reduce Inflation

The Federal Reserve is back on center stage as high inflation continues to drill holes in the pockets of Americans. What Happened On Wednesday, the Fed released its Beige Book for September, sharing an official analysis of the economic conditions and prospects of the country.

Benzinga · Sep 7, 2022