San Francisco Fed President feels 'zero' political pressure from Trump

San Francisco Fed President feels 'zero' political pressure from Trump
Rebecca Howard
By Rebecca Howard Aug. 29 (BusinessDesk) - The US Federal Reserve has come under heavy fire from President Donald Trump but Mary Daly, president and chief executive officer of the Federal Reserve Bank of San Francisco, said politics are never on its agenda. “You literally walk across the threshold of the FOMC meeting room and when we walk in and we start our deliberations, politics never comes up. They never come up. We never discuss them,” she told journalists in Wellington. “I don’t feel under any political pressure. Zero,” she added...

More Finance

Willis can do more to fix banking competition
Finance

Andrew Body: Willis can do more to fix banking competition

A competitive banking system needs more than lower capital adequacy ratios.

Andrew Body 02 Apr 2025
Credit card issuers fear ComCom proposals
Finance

Credit card issuers fear ComCom proposals

The proposed regulations will stifle banking competition, says Mastercard.

Pattrick Smellie 02 Apr 2025
RBNZ signals U-turn on bank capital requirements
Finance

RBNZ signals U-turn on bank capital requirements

A major shift at RBNZ's first public outing since Adrian Orr's sudden departure.

Pattrick Smellie 31 Mar 2025
Grenon seeks to end ‘futile’ NZME board stoush
Finance

Grenon seeks to end ‘futile’ NZME board stoush

It's time for the current board to fold 'em, says coup orchestrator. 

Pattrick Smellie 26 Mar 2025