Jennifer Schonberger
Jennifer Schonberger is a crypto reporter at Yahoo Finance. She has a background in journalism and has covered finance and technology for various publications. In her current role, she focuses on the rapidly evolving world of cryptocurrencies and blockchain technology, providing insights into regulatory developments, market trends, and industry news to her audience.
52%
The Daily's Verdict
This author has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on the author's reporting.
Bias
50%
Examples:
- Federal Reserve Vice Chair Philip Jefferson used the phrase 'later this year' when discussing rate cuts, which has caused some confusion and uncertainty.
- The title of the article suggests that there are some Fed officials questioning new bank capital rules when only two Federal Reserve officials have raised concerns about it. This is a lie by omission.
Conflicts of Interest
50%
Examples:
- The Bank Policy Institute, a trade group representing JPMorgan and other big banks, has reportedly hired a lawyer to prepare a lawsuit if the rules don't get changed.
Contradictions
85%
Examples:
- Federal Reserve Vice Chair Philip Jefferson said that he is still eyeing rate cuts later this year despite new readings on inflation that were hotter than expected.
- Inflation remained elevated according to the minutes, but there had been modest further progress toward the 2% goal in recent months.
Deceptions
50%
Examples:
- The article states that the title of a speech by Federal Reserve Governor Michelle Bowman was 'crypto regulation', but the actual text of the speech did not mention crypto regulation.
- The title suggests that there are some Fed officials questioning new bank capital rules when only two Federal Reserve officials have raised concerns about it. This is a lie by omission.
Recent Articles
Fed and ECB Express Caution on Inflation and Rate Cuts at Portugal Conference
Broke On: Tuesday, 02 July 2024The Federal Reserve and European Central Bank acknowledged progress in fighting inflation but held off on rate cuts at their recent joint conference, citing the need for more evidence. Inflation factors include slower wage growth and retail price drops, but consumer spending concerns and uncertainty about interest rates remain. Fed Expected to Keep Rates Steady Amid Decelerating Inflation: What's Next for the Housing Market?
Broke On: Wednesday, 12 June 2024The Federal Reserve is expected to keep interest rates steady in June 2024 despite a deceleration in annual inflation rate to 3.3% from 3.4%. The CPI report showed both the overall and core index experiencing deceleration, leading some investors to question the number of anticipated rate cuts for the rest of the year. However, Chair Jerome Powell emphasized that more data is needed before making any decisions on rate reductions. 
FDIC Chair Martin Gruenberg Resigns Amid Harassment Scandal, Leaving Agency Deadlocked
Broke On: Monday, 20 May 2024FDIC Chair Martin Gruenberg resigned on May 20, 2024, following a scathing report detailing pervasive sexual harassment, discrimination, and bullying at the Federal Deposit Insurance Corporation (FDIC). The investigation revealed his own role in the toxic workplace culture. Senator Sherrod Brown called for President Biden to nominate a new leader prioritizing decency and integrity. Gruenberg's resignation leaves the FDIC board deadlocked, potentially delaying controversial rulemaking, including new capital requirements for banks. 
Fed Officials Split on Rate Cuts Amid Inflation Concerns: Williams and Bostic Express Doubts, While Mester Projects Three Cuts by 2024
Broke On: Tuesday, 16 April 2024Fed officials Williams and Bostic express doubts about immediate interest rate cuts, but inflation remains a concern for some. Cleveland Fed President Mester projects achieving the projected three rate cuts by 2024 will be close. Chair Powell suggests rate cuts could be delayed due to stubborn inflation readings, while New York Fed President Williams indicates another hike may be necessary. 
Federal Reserve May Cut Interest Rates for First Time in Over a Decade Amid Cooling Inflation
Broke On: Thursday, 07 March 2024The Federal Reserve is considering cutting interest rates for the first time in over a decade to combat falling inflation. However, Chair Jerome Powell warns that cutting rates too soon or too late could weaken the economy and hiring. 
Federal Reserve Cautions on Cutting Interest Rates as US Economy Grows, Labor Market Remains Tight
Broke On: Monday, 19 February 2024The US economy is expected to continue growing in 2023, driven by strong consumer spending. However, the Federal Reserve needs to be cautious about cutting interest rates too far as it could undermine its goal of price stability. Vice Chair Philip Jefferson has warned that excessive easing can lead to a stalling or reversal in progress towards restoring price stability. Fed Proposes Increased Capital Requirements for Banks, Faces Opposition from Various Groups and Individuals
Broke On: Friday, 19 January 2024The Federal Reserve is proposing to increase capital requirements for banks, including both large and small financial institutions. This plan aims to raise the amount of cash-like assets that banks have to hold in order to tide them over during an emergency, potentially preventing a taxpayer-funded bailout like the one seen in 2008. However, this proposal is facing opposition from various groups and individuals who argue it will harm economic growth by making banks less competitive and restricting lending. The Fed has yet to finalize its proposal but may make significant changes based on feedback received during the public comment period.