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#financialstability

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Breaking economy totally Trump has called 4 #termination of #FederalReserve Chairman #JeromePowell in a dispute over #interestrates, cutting across the political independence of US #centralbank. The Federal Reserve's decision-making is supposed to be free [not any more] from #political interference so it can make calls it believes are right for country and the economy rather than in the interests of presidents or lawmakers. #economy #financialsystem #financialstability newsweek.com/trump-demands-ter

Newsweek · Trump Demands 'Termination' of Fed's Jerome PowellBy Shane Croucher

#Republican strategist Stuart Stevens, senior advisor for the Lincoln Project, is arguing that monied interests and economic giants #BigTech #WallStreet #bankers #billionaires are complicit in ruining the nation as they blindly follow a president determined to sink markets in both the United States and around the world. #tariffs #economy #financialstability #risk #economics #Trump #maga #wealth #money #power #politics #fear #complicit #collusion #democracy #congress alternet.org/ceos-trump-polici

Alternet.org · 'Basic betrayal': CEOs terrified of Trump retaliation won’t speak out against policiesBy Adam Lynch
Continued thread

"The world’s #FinancialStability watchdog has warned that disasters caused by #ClimateChange are increasingly likely to trigger broader panic in financial markets.

“There could also be an abrupt, broad-based repricing of climate-physical risk, as the expectation of larger future losses are incorporated into current prices and impact sectors and jurisdictions not currently directly affected by disasters.” "

ft.com/content/c907d5f7-1a85-4

Financial Times · Top financial watchdog warns climate change set to trigger market panicsBy Lee Harris

#Trump transition team exploring ways to significantly #reduce, #merge, or even #eliminate top #bank #regulators in Washington WSJ reported on Thursday.. In recent interviews with potential candidates for leading these regulatory agencies, Trump advisers and officials from the newly established Department of Government Efficiency #DOGE have inquired about the possibility of the president-elect abolishing the #FDIC #banking #financialcrisis #financialstability #finance #economy #WallStreet

#LLRX AI In Finance & Banking 7/15/24 llrx.com/2024/07/ai-in-finance 6 highlights - We need bold minds to challenge AI, not lazy prompt writers, bank CIO says; Managing AI in banking: are we ready to cooperate?; The gen AI gender gap; Will User-Contributed AI Training Data Eat Its Own Tail?; Demand for AI in Settlement Negotiations; & Artificial intelligence a central bank’s view. #AI #banking #finance #financialstability #AIprompts #prompts #fintech #financialtechnology #education #workforce #KM

www.llrx.comAI In Finance and Banking – July 15, 2024 – LLRX

#AI in #Banking & #Finance, 6/15/24. Sabrina I. Pacifici highlights news, govt reports, NGO/IGO papers, industry white papers, academic papers, speeches AI’s fast paced impact on #banking & #finance sectors. 5 highlights from this post: Financial regulators have ‘insufficiently’ addressed #hedgefunds’ use of AI; 2024 Conference on Artificial Intelligence & #FinancialStability; Two AI Truths and a Lie; Simple #Macroeconomics of AI; Rise of AI at #JPMorganChase llrx.com/2024/06/ai-in-banking #economics

www.llrx.comAI in Banking and Finance, June 15, 2024 – LLRX

Central banks should be fighting the #climate crisis – here’s why

"Our recent research points out that their policies have been slowing down – rather than speeding up – transformative climate action. The problem is these banks focus on #FinancialStability in the near term, which means propping up a status quo which promotes further climate instability. And that means they are making things more unstable in the long term."

theconversation.com/central-ba

The ConversationCentral banks should be fighting the climate crisis – here's whyA focus on economic stability in the near-term makes the climate crisis worse in the long-term.