7 min readKey takeaways: On June 26, 2025, the Federal Reserve proposed significant changes to the enhanced Supplementary Leverage Ratio (eSLR), loosening a key capital constraint that has long limited how large banks use their balance sheets. While this move could unlock billions of dollars in capital, improve treasury market liquidity, and reshape bank’s capital allocation strategies,…
8 min readMichelle “Miki” Bowman’s nomination as the Federal Reserve’s Vice Chair for Supervision was confirmed by the U.S. Senate on June 4th, 2025[1]. The confirmation aligns with Washington’s broader effort to unwind regulatory safeguards implemented after the Global Financial Crisis. During her testimony in April, Bowman advocated for “pragmatic tailoring”, adjusting capital buffers, accelerating merger approvals,…
6 min readAs President Trump’s administration kicks off its second term, one of its most contentious executive orders—the mass deportation of undocumented immigrants—is already stirring debate. The policy is primarily aimed at widening enforcement of immigration laws, which could have a seismic impact on U.S. macroeconomic conditions. In this blog, we will dissect how the deportation policy…
2 min readYesterday, the FOMC left the range for the Fed Funds Rate unchanged at 5.25% – 5.50%, as expected. While the overall stance remains unchanged from June, Chair Powell was clear the committee is taking a more balanced approach by no longer overemphasizing the inflation side of its mandate. The Committee’s statement noted that the FOMC…