The Federal Reserve now needs to be on Trump watch if it wants to engineer the proper dose of monetary policy, according to Bank of America chief Brian Moynihan.

Douglas McIntyre, Editor-in-Chief at Climate Crisis, reports that the Federal Reserve has exited a climate alliance following similar moves by major U.S. banks, including Goldman Sachs, Morgan Stanley,

Several large U.S. financial institutions, including the Federal Reserve, have withdrawn from the networks after years of growing political and legal pressure.

Wall Street’s largest banks are poised to report their highest fourth-quarter trading revenue in five years, as November’s election and global uncertainty sparked market moves that boosted profits. According to a Bloomberg report issued this week,

Related: Fed members reset interest rate cut forecasts for 2025 The Fed helps manage the economy by influencing borrowing costs, adjusting overnight interest rates in an effort to maintain those goals of price stability and low joblessness.

Bank of America CEO Brian Moynihan says US banks will start providing crypto payment services if federal regulators ever approve it.

Global fund managers have come down from post-U.S. election euphoria as fears over Trump administration tariffs and inflation concerns have risen in January, according to the results of Bank of America’s latest Global Fund Manager survey.

The December jobs report surprised markets, leading to Wall Street banks abandoning rate cut predictions. A strong labor market may bring back interest rate hikes.

Wells Fargo & Co. (NYSE: WFC), Bank of America Corp. (NYSE: BAC) and Truist Financial Corp. (NYSE: TFC) are scheduled to release their fourth-quarter 2024 earnings on Jan. 15, Jan. 16 and Jan. 17, respectively.

From the stock market impact to tariffs and inflation, what will Trump's second term mean for your money? The team at MoneyWeek is reporting live on inauguration day.

The number of huge banks and financial firms that are members of The Net-Zero Banking Alliance (NZBA), created

Despite a strong Q4 performance, Truist Financial's net interest income is set to decline in a lower rate world. Learn more about TFC stock here.