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cwilliams@morningconsult.com // @byclairewClaire is a reporter at Morning Consult covering financial regulation.
By Claire Williams Top Stories The New York Federal Reserve unusually clarified the remarks of the bank’s president, John Williams, saying Williams didn’t mean to suggest that the Fed would make a large interest rate cut when it meets at the end of July and that his comments were “academic.” At an economic conference, Williams […]
By Claire Williams Out today: The latest editions of Morning Consult’s Senator Approval Rankings and Governor Approval Rankings. Top Stories Trade negotiations between the United States and China have hit a bump as the two countries continue to not meet demands on key issues, according to people familiar with the matter. Beijing isn’t buying the […]
By Claire Williams Top Stories Facebook Inc. privately pitched its plans to launch a digital currency to more than a dozen officials from the Treasury Department, Securities and Exchange Commission and other agencies in June, leaving the regulators shocked at the tech giant’s lack of preparedness, according to three people familiar with the meeting. The […]
By Claire Williams Top Stories Key lawmakers and aides on both sides of the aisle said Facebook Inc. has not met with them, and the tech giant has been providing incomplete and sometimes contradictory information ahead of the back-to-back hearings in the Senate and House kicking off today. David Marcus, the Facebook executive expected to […]
By Claire Williams Top Stories Democrats on the House Financial Services Committee are circulating a proposal that would bar large technology companies such as Facebook Inc. from behaving like financial institutions or issuing digital currencies, according to a copy of the draft legislation. While the legislation, which proposes a $1 million daily fine for rule […]
By Claire Williams Week in Review Libra President Donald Trump criticized Facebook Inc.’s plan to create Libra, a digital currency, which would have “little standing or dependability,” while also weighing in on cryptocurrencies, saying they are “not money” and that their value is based on “thin air.” Trump also said Facebook should seek a banking […]
By Claire Williams Top Stories The Trump administration is becoming more cautious about moving forward on its plans to free Fannie Mae and Freddie Mac from government control before the 2020 election, amid fears that moves to that end could make it more difficult for borrowers to get loans and impact the economy, according to […]
By Claire Williams Top Stories France has approved a tax on the revenues of some of the United States’ largest tech companies, including Facebook Inc. and Amazon.com Inc., shortly after the Trump administration ordered an investigation into the then-proposed tax that could result in tariffs on French goods. Yesterday, U.S. Trade Representative Robert Lighthizer said […]
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