Craig Torres

December 12, 2022 | Daily Business Review

Federal Reserve Chair Jerome Powell has history on his side as he and colleagues split with Wall Street over how long interest rates will stay high in 2023.

By Craig Torres and Liz Capo McCormick

6 minute read

November 17, 2022 | Daily Business Review

After dealing with a largely friendly Congress over the past two years, Federal Reserve Chair Jerome Powell faces rising tensions over his policies as Democrats warn about job losses while Republicans continue to press on the importance of stable prices.

By Craig Torres, Bloomberg

5 minute read

October 13, 2022 | Daily Business Review

Slammed by critics for being slow to respond to mounting price pressures, the Federal Reserve has unleashed the most aggressive tightening campaign since the 1980s.

By Craig Torres and Steve Matthews

4 minute read

June 24, 2022 | Daily Business Review

Some of the nation's largest banks are now working with the Treasury Department, engaging in role play and sharing information they would have guarded closely in the past.

By Christopher Condon and Craig Torres

7 minute read

May 26, 2022 | Daily Business Review

Federal Reserve Vice Chair Lael Brainard alluded to the recent collapse of algorithmic stablecoin TerraUSD as well as Tether's dipping below its intended one-to-one peg to the dollar, saying "these events underscore the need for clear regulatory guardrails."

By Craig Torres

2 minute read

May 23, 2022 | Daily Business Review

"We need to give the Fed the space and the independence to do its job, which is to get inflation under control," said White House economic adviser Brian Deese.

By Victoria Cavaliere and Craig Torres

3 minute read

February 11, 2022 | Daily Business Review

Federal Reserve Chair Jerome Powell has shown a preference for building consensus within the policy-setting committee.

By Craig Torres

4 minute read

November 22, 2021 | Daily Business Review

Federal Reserve chair Jerome Powell's second term is going to be very different from his first. While the economy is rebounding, inflation is running at a three-decade high, COVID-19 cases remain elevated and strained supply chains present big uncertainties.

By Craig Torres and Nancy Cook

4 minute read

December 19, 2019 | Law.com

The Fed is investigating after an undetermined problem led to delay in processing of ACH payments.

By Christopher Condon & Craig Torres

2 minute read

December 11, 2014 | Daily Business Review

The danger of stimulus-induced bubbles is starting to play out in the market for energy-company debt.

By Christine Idzelis and Craig Torres

4 minute read