News from October 2023

JP Morgan Chase & Co committed $150 million to Chicago's South and West Sides

JPMorgan Chase & Co has committed $150 million to advance racial equity in Chicago's South and West sides. This commitment is part of the firm's $30 billion national commitment to advance racial equity.

JPMorgan & Chase celebrates $200 million investment in Detroit economy

JPMorgan Chase & Co invested $200 million through philanthropic capital, volunteerism, low-cost loans and equity investments into the city after the city historically went bankrupt in 2013.

Morgan Stanley announces Ted Pick as next CEO

Leadership for Morgan Stanley is changing as Ted Pick was announced as the next CEO of the company once James Gorman retires. Pick has been with the firm for three decades and was selected over Andy Saperstein and Dan Simkowitz.

U.S. deficit climbs to 1.7 trillion dollars as interest rates rise

The Congressional Budget Office found that the budget deficit surpassed $1.7 trillion for the fiscal year and $166 billion in September.

Key Monetary Policy Developments from 1998-2023

Governor Christopher J. Waller of the Federal Reserve Board gave a speech at a conference, remembering and teaching on Bennett McCallum, a great American economist.

Federal Open Market Committee releases analysis of monetary policy rules

Governor Christopher J. Waller of the Federal Reserve Board gave a speech at a conference, remembering and teaching on Bennett McCallum, a great American economist.

Charmain of the Senate Committee raises concerns about Wells Fargo's Labor Practices

Sherrod Brown (D-OH) raised concerns about unfair labor practices at Wells Fargo to Acting Comptroller Michael Hsu and Federal Reserve Vice Chair Michael Barr.