The Mid-Size Bank Coalition of America worries that failure of another regional lender would lead many depositors to move their money to the nation's largest banks, regardless of the underlying health of their bank.
Although the U.S. "will be attentive to the global repercussions of our policies," the Treasury secretary appears uninterested in FX interventions that an ECB policymaker suggested.
Disinterest in reopening communication channels active under President Obama indicates a continuing deterioration in ties between the world's two biggest economies.
Federal agencies are drafting rules to identify threats to government programs, assets, and liabilities; reduce risks to the nation's financial stability; and bolster disclosures of climate risk.
China's trial issuance of a digital yuan has some officials concerned about whether the dollar will remain the world's dominant reserve currency in the long term.
As the Treasury Department's top diplomat from 2010 to 2013, she never labeled China a currency manipulator, though some say she advocated behind the scenes to do so.
Shortly after economic adviser Larry Kudlow said the White House had “ruled out any currency intervention,” the president directly disputed this claim.