News published on Monetary Brief in April 2025

News from April 2025

Trump terminates NCUA Board members Harper and Otsuka

The National Credit Union Administration (NCUA) has announced the termination of two NCUA Board members, Todd Harper and Tanya Otsuka, whose positions were ended by President Donald J. Trump on April 17.

Anna Paulson appointed as new president and CEO of Philadelphia Fed

The Federal Reserve Bank of Philadelphia has announced the appointment of Anna Paulson as its new president and chief executive officer.

Federal Reserve outlines actions against synthetic identity fraud amplified by Gen AI

Synthetic identity fraud is a growing concern, with losses surpassing $35 billion in 2023, as reported by the anti-fraud collaboration platform, FiVerity.

Fed seeks comment on stress test volatility reduction proposal

The Federal Reserve Board has opened up for public comment a proposal aimed at lessening the volatility of capital requirements that originate from the Board's annual stress test results.

Fed event highlights role of financial literacy in career planning

The Fourth Federal Reserve District will host a panel discussion on the significance of financial literacy in career navigation.

Trump's new directive sparks debate over history, culture in the U.S

On March 27, President Trump signed the directive “Restoring Truth and Sanity to American History.” This directive mandates that the Smithsonian Institution and the Department of the Interior work to rectify what Trump called "divisive narratives...

U.S. Treasury sanctions Chinese firms importing Iranian oil, targeting 'shadow fleet' vessels

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) has placed sanctions on Shandong Shengxing Chemical Co., Ltd.

TIC data reveals foreign holdings of U.S. securities increase by $284.7B in February 2025

The U.S. Department of the Treasury has released the Treasury International Capital (TIC) data for February 2025, indicating an overall net TIC inflow of $284.7 billion.

Hailstorms on Jupiter accompanied by fierce lightning and mushballs, study reveals

A recent study from the University of California, Berkeley, reveals that hailstorms of "mushballs," coupled with lightning, are a reality on Jupiter and potentially other gas giant planets.

Regulators suspend appraisal requirements for California wildfires recovery

In response to the recent wildfires and straight-line wind damage in Los Angeles County, California, four federal financial regulatory agencies have taken steps to aid recovery efforts by temporarily suspending certain appraisal requirements for...

Treasury sanctions top leaders of La Nueva Familia Michoacana cartel

The U.S. Department of the Treasury has announced sanctions against four members of the Mexican cartel, La Nueva Familia Michoacana (LNFM), recognized for its involvement in trafficking fentanyl and other illicit drugs into the United States,...

Secretary Bessent discusses US-Jordan economic ties with Prime Minister Hassan

Today, Secretary of the Treasury Scott K.H. Bessent had a meeting with the Prime Minister and Minister of Defense of Jordan, Dr. Jafar Hassan, in Washington.

Treasury Secretary Bessent discusses trade and defense with Spain's Minister Cuerpo

Today, Secretary of the Treasury Scott K.H. Bessent engaged in discussions with Carlos Cuerpo, Spain's Minister of Economy, Trade, and Business.

Carlyle provides Argon €180 million financing for growth and acquisitions

Global investment firm Carlyle has announced that its Global Credit platform is providing a €180 million financing package to Argon & Co.

Cleveland Fed president outlines regional insights on monetary policy and economic prospects

The Federal Reserve has outlined its approach to monetary policy during a recent address at the Columbus Metropolitan Club.

Federal Reserve Bank's role in Ohio: economic stability and community support

President Hammack addressed a gathering in Columbus, Ohio, on April 16, 2025, discussing the Federal Reserve System's approach to monetary policy.

United Community Banks merger approved by the Federal Reserve Board

The Federal Reserve Board has approved the application by United Community Banks, Inc., based in Greenville, South Carolina, to merge with ANB Holdings, Inc. This merger will facilitate the indirect acquisition of American National Bank, located...

Bank of Canada releases April 2025 monetary policy report

The Bank of Canada has released its April 2025 Monetary Policy Report, offering insights into the nation's inflation-control strategy, monetary policy objectives, and the primary tools employed for policy implementation.

Bank of Canada maintains overnight rate at 2.75% amid global economic uncertainties

The Bank of Canada has opted to keep its target for the overnight rate unchanged at 2.75%.

Carlyle and SK Capital extend bluebird bio tender offer to May 2, 2025

Carlyle and SK Capital Partners have announced an extension to their tender offer for bluebird bio, Inc., moving the expiration date to one minute after 11:59 p.m. New York City time on May 2, 2025.