covering the Fed for @business. formerly @washingtonpost and @wsj DC via ATL & MCO
Washington, DC
Joined October 2007
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Andrew Ackerman retweeted
Read more, including more about Memphis, in this extensive @wapo series published last year: washingtonpost.com/business/…
Increasingly, people are hit by cars on roads designed like Union Avenue in Memphis, Tenn.—one of the most dangerous roads in America. All while this type of roadway continues to spread across the country. on.wsj.com/4zDI9TE
Andrew Ackerman retweeted
The symbolism of Bessent not showing up to chair a G20 Ministerial and forgoing a major gathering in Asia when China’s regional economic presence is ever larger is not a good look for the US.
Some impressions from the Bank-Fund meetings in Bangkok:
1. The words are all negative but the numbers are all positive. Is all about unprecedented waves of shocks and risks while the IMF upgraded the forecast to something even stronger.
2. No one cares about tariffs anymore, they expect them to continue forever and have adjusted and moved on.
3. Everyone cares a lot about high interest rates. They expect them to continue forever but they haven't moved on.
4. Oil prices fall somewhere between these two. Everyone cares some, aren't sure if they'll continue and have partially moved on.
5. Everyone is having exactly the same conversations about AI as they are having here: will the demand boost continue, is it a bubble, will it kill jobs, when will it show up in productivity. I sensed much more optimism than pessimism and finance ministers and central bankers are not particuarly interested in p(doom).
6. No one seemed to mind that Scott Bessent didn't bother to attend.
Andrew Ackerman retweeted
Federal judge rejects @CFTC and @Gemini ‘s unusual joint request from May to undo a January 2025 $5 million settlement negotiated in the waning days of the Biden administration. On @TheTerminal.
Andrew Ackerman retweeted
One stat from today's hot inflation data: toy prices in September jumped by the most on record on a monthly basis, and the most since 1988 on year. Our piece on what it all means for the Federal Reserve and interest rates
bloomberg.com/news/articles/…
Andrew Ackerman retweeted
Isn't this just regular supervisory activity? Aren't they doing this for not only private credit but all of the loans, as they normally do?
Andrew Ackerman retweeted
Here’s @SalehaMohsin on Scott Bessent’s missed calls: bloomberg.com/news/articles/…
Andrew Ackerman retweeted
BOLO forthcoming CFTC prediction market rules.
One that excludes casino-style games from swap definitions would go into effect immediately, even while they take comment on it. The other would specify that event contracts fall under swap definition.
bloomberg.com/news/articles/…
Andrew Ackerman retweeted
I should put a big @nytimes logo on my laptop to remind myself for whom I work because if I forget I might file a story to the @washingtonpost or @WSJ.
Andrew Ackerman retweeted
6-1 vote on this with Governor Barr voting against. The first non-unanimous merger approval vote from the Fed since Governor Brainard voted against two transactions in 2020.
Here, Governor Barr would have required branch divestitures in a specific market in Kentucky.
Approval of application by Peoples Bancorp Inc.: federalreserve.gov/newsevent…
Andrew Ackerman retweeted
I've been following the Clarity debate since I started at Bloomberg earlier this year and it became very clear very quickly, talking with Senate offices on both sides, that the one issue that would stop the bill from passing was Trump's crypto haul. New from me, @olgakharif & @antoniabmassa
The crypto industry watched with a grim foreboding as its landmark bill detonated on the Senate floor. Blame first fell on Democrats, none of whom voted to advance it. But some of the industry’s own supporters pointed elsewhere: at Trump bloomberg.com/news/articles/…
Andrew Ackerman retweeted
MS NOW said its journalists were denied access to the White House grounds Saturday, a day after President Trump said he would ban the outlet, as well as CNN and Politico, from the site.
The president said Friday he disliked how they covered him. wapo.st/46RUEip
Andrew Ackerman retweeted
Weirdly, the #KennedyCenter board publicizes falling plaster in its main hall, I guess to show fixes are needed. But it kind of shows they're spectacularly mismanaging the place, no?
“Another example of the urgent need to close for renovation and revitalization, as our Chairman President Trump has championed. Fortunately, no one was injured when the main hall’s ceiling collapsed.
This structural failure stems from decades of neglect and deferred maintenance by the previous leadership, and there’s no justification for further delays in restoring America’s cultural center.”
— @romadaravi, Vice President of Public Relations
Andrew Ackerman retweeted
In *non-CLARITY* related financial news, the CFTC is probing the voluntary carbon credit market for potentially problematic projects, @nicola_m_white reports.
More on @TheTerminal
Andrew Ackerman retweeted
Fed Chairman Kevin Warsh is under pressure from financial markets to raise rates, putting him on a collision course with President Trump bloomberg.com/news/articles/…
Andrew Ackerman retweeted
A mystery Polymarket user earned about $22,000 with a series of near-perfect bets on the quarterly earnings of companies that had one thing in common: they were all audited by KPMG. wsj.com/business/c-suite/clu…
Andrew Ackerman retweeted
Another exclusive from the newspaper still known as the Washington Post:
wapo.st/4xPWyMd
Andrew Ackerman retweeted
A columnist demanding the prosecution of those who leaked newsworthy information to his own newspaper:
xitter.cf/marcthiessen/status/20…
Andrew Ackerman retweeted
For @esquire, I wrote about losing a dream job earlier this year in the same month our daughter arrived.
About the fear and anxiety of it all.
And about the clarity on the other side: esquire.com/lifestyle/money/…
