Andrew Ackerman

Covering the Federal Reserve and #finreg for @washingtonpost. Formerly @wsj [email protected] DC via ATL & MCO

[Andrew Ackerman @amacker]

“Pulte's main accomplishment at the Federal Housing Finance Agency was making it easier for Fannie and Freddie to guarantee more mortgages for riskier borrowers. He's also the man who dug up the mortgage documents of Mr. Trump's political opponents…” https://t.co/ZdPcXU8mpD

[Andrew Ackerman @amacker]

Barr says regulatory relief largely tilted toward the biggest global banks, which got $65 billion capital relief.
Also says executive compensation as a share of revenue is up about 20 percent while share buybacks are also up substantially.

[Federal Reserve @federalreserve]

Governor Barr participates in a discussion at the Community Development Bankers Association (CDBA) Peer Forum 2026

Watch live: https://t.co/vT5ZL8sv58

Learn more about Governor Barr: https://t.co/AZsNWhl2ze

[Jeremiah Johnson 🌐 @JeremiahDJohns]

Reporting from the Financial Times on Xinjiang remains incredibly grim:

* In some areas, 90% of children are taken from parents to be educated in boarding schools where they aren't allowed to speak Uyghur
* Officials monitor who eats during Ramadan and report those who skip meals
* Basic items like prayer mats and religious text are considered illegal contraband
* Adult Uyghur women are pressured to marry Han Chinese men, and there are official goals to sterilize a certain % of them.
* Xinjiang has the largest prison capacity in the world relative to population
* Huge numbers of Uyghur prisoners are now being shipped across the country in forced labor schemes, as a way to dodge Xinjiang sanctions/boycotts
* The CCP shut down all 10 existing Uyghur-language publishers, none remain. They fed one university's book collection into a shredder.

There's a lot going on the world, but it's worth remembering that China is still actively engaged in cultural genocide. They're barely even hiding it, they openly talk about the need to 'correct' Uyghur culture and create 'ethnic unity'. They are openly destroying an entire culture as efficiently as they can, cutting children off from parents, restricting language, restricting religious practice, forcing sterilizations and intermarriage, imprisoning anyone who resists the tiniest amount and shipping them out to forced labor factories. That is what the CCP is.

https://t.co/gHK9ZS38Vx

[Andrew Ackerman @amacker]

@MKTWgoldstein They weren’t going to do anything administratively until after the midterms, i assume

[Andrew Ackerman @amacker]

Not exactly a deep bench

[Andrew Ackerman @amacker]

🤔🤔

[Andrew Ackerman @amacker]

🤔🤔

[Andrew Ackerman @amacker]

@AlanZibel @TylerGellasch @HannahDCox I’ve written a little about the failure to regulate index providers. https://t.co/OCRAO3Hjpc

[Andrew Ackerman @amacker]

Inbox: “It’s weird that you and @NickTimiraos both have dopplegangers in this race.”

[Micah Lasher @MicahLasher]

Election Day is just three weeks away. New Yorkers know who is ready to fight for them.

Our new ad is live today ⬇️

[Andrew Ackerman @amacker]

After 67 people died in a midair crash in Washington, D.C., government and industry officials pledged action to prevent similar tragedies. Now they are at loggerheads over a piece of equipment that could cost $50,000 per aircraft.
https://t.co/JiW8bUfLku @AndrewTangel

[Andrew Ackerman @amacker]

"Like many other institutions, the Fed has been undergoing a stress test.

Fed officials have legal protection against being fired, and the White House has no role in picking or overseeing the regional bank presidents, Powell says.

https://t.co/7WuLiXrplK

[Andrew Ackerman @amacker]

The John F Kennedy Library Foundation is honoring former Fed chair Jay Powell and "the people of the Twin Cities" at 8:30 pm. Livestream here: https://t.co/Nyp8RA4OiB

[Andrew Ackerman @amacker]

The John F Kennedy Library Foundation is honoring former Fed chair Jay Powell and "the people of the Twin Cities" at 8:30 pm. Livestream here: https://t.co/Nyp8RA4OiB

[Andrew Ackerman @amacker]

Haven't followed the commission in a while but why did the Winklevei settle a lawsuit after Trump was re-elected?

[Tyler Gellasch @TylerGellasch]

A timeline:
-CFTC sued Gemini for lawbreaking
-President Trump was sworn in
-Gemini's Winklevoss twins reportedly sank the nomination of @BrianQuintenz to lead the CFTC
-The current Chairman was swapped in as the nominee and confirmed
-CFTC joins Gemini to avoid judgment

[Andrew Ackerman @amacker]

It must say something about the current environment for university presidential searches that Emory just promoted an internal candidate from the business/operations side of the school, who is not an academic, to the top role. (Seems like a reasonable pick... just noting it's been extremely challenging for top schools to fill these roles.) https://t.co/ZnEkPetqjS

[Andrew Ackerman @amacker]

Americans are bringing home less money — and when you strip out government aid, the picture looks even worse.

[Heather Long @byHeatherLong]

Yikes. You can see how Americans are getting squeezed financially right now.

Personal incomes in the US *fell* in April (after adjusting for taxes). See the blue bar below.

The savings rate fell to 2.6% in April --> one of the lowest readings in the past 20 years outside of the 2022 "revenge spend" era.

This is not sustainable.
People continue to spend (orange bar), but their incomes are not keeping up.

[Andrew Ackerman @amacker]

NYFed's John Williams: it's unclear how an increase in productivity will alter interest rates.
"My answer to the question of the effects of a shift in trend productivity growth on the economy and monetary policy is, unsurprisingly, 'it depends.' In particular, it depends on the nature and expected
duration of the shift in question."

[Andrew Ackerman @amacker]

Treasury abruptly reassigned the printing bureau director for questioning this push, which isn’t legal

[The Washington Post @washingtonpost]

Breaking news: Trump administration officials have pressed the Bureau of Engraving and Printing to design a $250 bill featuring the president’s portrait, in what would be the first appearance of a living person on U.S. currency in more than 150 years. https://t.co/S8sqdKSB7i

[Andrew Ackerman @amacker]

What’s that bright shining orb in the sky, DC?

[Andrew Ackerman @amacker]

Want to predict central banker behaviour? Look to their birth date https://t.co/bnSukZ18gz

[Andrew Ackerman @amacker]

Crypto and prediction markets have achieved a level of regulatory capture atop the CFTC that TradFi could only dream of obtaining.
https://t.co/bwjAsZOLWy

[Andrew Ackerman @amacker]

Pres Trump this morning: "I really mean this... I want Kevin [Warsh] to be totally independent... Just do your own thing."

This afternoon: "You get the interest rates down, everybody's gonna be very very happy. We're gonna get it down very quickly."

[Aaron Rupar @atrupar]

Trump vows to get interest rates down "very quickly"