Daily Money & Banking News Update: 4/5/2017

  1. Fed Plans to Shrink Balance Sheet This Year, Minutes Show (MarketWatch)
  2. Trump Continues to Ignore Monetary Policy – And It Will Cost Him (Mises Institute)
  3. Fannie and Freddie’s New Bubble (Mises Institute)
  4. Minutes of the March 14-15 Federal Open Market Committee Meeting (Federal Reserve Board)
  5. Welcoming Remarks by Governor Jerome Powell (Federal Reserve Board)
  6. European Union: New €50 “Europa” Series Banknote Issued Today (Coin Update)
  7. Fed’s Tarullo May Have Provided “Major Headache Relief” for Biggest Banks in His Farewell Speech (MarketWatch)
  8. Most Fed Policymakers See Change to Balance Sheet Policy “Later This year”: Minutes (Reuters)
  9. Wall Street Falls as Fed Minutes Reverse Earlier Rally (Reuters)
  10. Wells Fargo’s Aggressive Sales Tactics Hit Small Firms: WSJ (Reuters)
  11. US Consumer Financial Protection Chief Defends Agency Before Congress (Reuters)
  12. Fed Officials Say the Stock Market May Be Overvalued and History Shows They Are Often Right (CNBC)
  13. Fed Officials Expect to Whittle Down Portfolio Later This Year: Minutes (Wall Street Journal)
  14. Former Fed Policymaker Lockhart Says Lacker Leak Could “Very Well Be Inadvertent” (CNBC)
  15. Mexican Central Bank Says Trump’s Tweets Modified Peso Strategy (Reuters)
  16. Financial Institutions Risk 24 Percent Revenue Loss From Fintech: PwC (Reuters)
  17. Former Fed Advisor Says the Central Bank Shouldn’t Comment on Equities (CNBC)