News published on Monetary Brief in September 2025

News from September 2025

Treasury Secretary promotes no tax on tips initiative across multiple media platforms

Treasury Secretary Scott Bessent has been actively promoting the Biden administration’s “No Tax on Tips” initiative, which aims to provide tax relief for tipped workers.

Federal Open Market Committee releases tentative 2027 meeting schedule

The Federal Open Market Committee (FOMC) has released its tentative meeting schedule for 2027.

NCUA reports asset and membership growth in Q2 2025 for federally insured credit unions

The National Credit Union Administration (NCUA) has released its second quarter performance data for the credit union system in 2025.

U.S.-Ukraine Reconstruction Investment Fund holds inaugural board meeting

The United States Secretary of the Treasury, Scott Bessent, led the first board meeting of the United States-Ukraine Reconstruction Investment Fund on September 3 in Washington.

Carlyle AlpInvest closes $20B fundraising round for global secondaries strategy

Carlyle AlpInvest has announced the successful close of its global Secondaries strategy fundraising, reaching $20 billion.

Federal Reserve Board ends enforcement action against Société Générale and its New York branch

The Federal Reserve Board has announced the termination of a written agreement with Société Générale S.A., based in Paris, France, and its New York branch.

NCUA removes disparate impact references from fair lending materials

The National Credit Union Administration (NCUA) has announced the removal of all references to disparate impact liability from its Fair Lending Guide and other related documents.

Boston Fed reports slight economic expansion amid mixed sector performance

Economic activity in the First District expanded slightly, according to the latest Beige Book report released by the Federal Reserve Bank of Boston.

IBM launches 'Let's create smarter business' campaign focused on enterprise AI adoption

IBM has introduced a new brand campaign titled "Let's create smarter business," aimed at addressing the challenges businesses face in adopting artificial intelligence (AI) at scale.

Reserve Bank of Australia appoints Dr Claude Lopez as head of economic research

Dr Claude Lopez has been appointed as the new Head of the Economic Research Department at the Reserve Bank of Australia (RBA), effective 1 September 2025.

Cleveland Fed economists estimate nominal neutral interest rate at 3.7 percent

Economists at the Federal Reserve Bank of Cleveland have released new estimates of the nominal neutral interest rate using a model developed by Saeed Zaman.

Moody's Analytics offers new spatial data tool for assessing physical climate risks

Moody’s Analytics has introduced its Spatial Areas datasets to help organizations manage the growing challenges of physical risk.

UC Berkeley introduces ten innovative courses for fall semester

The University of California, Berkeley has introduced a range of new courses for the fall semester, offering students diverse options across disciplines.

UC Berkeley study finds key steps could halve wildfire damage across California

Since the wildfires in January that destroyed neighborhoods in Los Angeles, displacing nearly 13,000 households and causing an estimated $30 billion in damages, California communities have been seeking ways to better protect themselves from...

Berkeley researcher examines history amid plans for simpler US nutritional guidelines

As the Trump administration signals a major shift in federal nutrition policy, Robert F. Kennedy, Jr., now Secretary of Health and Human Services, is preparing to introduce new dietary guidelines that would significantly reduce their length and...

UC Berkeley expert says humanoid robot revolution faces major technical obstacles

Robotics experts are urging caution in the face of growing claims that humanoid robots will soon be able to perform complex tasks like surgery, factory work, or household chores.

Federal Reserve Bank researchers say job growth data volatility remains within historic range

Recent revisions to monthly payroll employment data by the Bureau of Labor Statistics (BLS) have drawn attention due to their size, prompting renewed discussion about the reliability of economic data.

UC Berkeley names new student housing after disability rights leader Judith Heumann

The University of California, Berkeley has announced that its new student housing project at People’s Park will be named Judith E. Heumann House, in honor of the late disability rights advocate Judith Heumann.

FDIC releases list of banks up for CRA review in late 2025

The Federal Deposit Insurance Corporation (FDIC) has released its list of financial institutions set for Community Reinvestment Act (CRA) examinations in the fourth quarter of 2025.

FDIC releases July 2025 enforcement actions; no September hearings scheduled

The Federal Deposit Insurance Corporation (FDIC) has released its list of administrative enforcement actions taken in July 2025.