Commentary
Commentary

Ex-Department of Justice official: U.S. should stop forfeited fund sharing with Nigeria in light of 'transparently arbitrary, lawless prosecutions'

Andrew Adams, a partner at Steptoe & Johnson LLP, has called for the U.S. government to cease voluntarily sharing funds from investigations with Nigeria. This recommendation comes in response to what he describes as the Nigerian government's "arbitrary, lawless" prosecution of American citizen Tigran Gambaryan, a Binance employee and former U.S. federal agent. Adams shared his statement in a May 29 opinion regarding Gambaryan, who has been detained in Nigeria since February 26.
Latest Commentary News
Latest News

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.

New York Fed CEO on Hirtle being named research advisor: 'We are delighted to welcome Bev to her new advisory role'

Beverly Hirtle, the director of research and head of the Research and Statistics Group, will start working as a research advisor on June 30, according to a statement released by the Federal Reserve Bank of New York.

A time for reflection: The role of banks, Fed, and monetary policy in today's volatile economy

The words of investing legends Warren Buffett and Stanley Druckenmiller may seem all too familiar to cautious observers of the current financial climate.

The Fed's pause: A balancing act amid inflationary pressures

As we navigate the complexities of a recovering economy, the Federal Reserve (Fed) finds itself in a precarious position.