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Andrew Ackerman

@amackerdc.bsky.social
51 followers 12 following 11 posts

Covering the Federal Reserve and financial regulation for the @washingtonpost

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Andrew Ackerman @amackerdc.bsky.social · 09/08/2026
How “Y’all Street” is taking off in Dallas, which is far out-pacing New York and other cities for finance jobs. (Also my last story got WaPo) wapo.st/4byiDWA
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Andrew Ackerman @amackerdc.bsky.social · 15/06/2026
Falling oil “mitigate[s] one of three inflation waves,” per Evercore — but “the US rate outlook decoupled from oil a month back,” leaving the Fed still facing tariffs, AI capex pressures, and the question of whether it can avoid a rate hike.
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Andrew Ackerman @amackerdc.bsky.social · 08/06/2026
The Trump administration tried to kill the CFPB. Courts stopped it. Now it's been repurposed — dropping cases against big banks while probing a nonprofit that started with a $77 bake sale. www.washingtonpost.com/business/202...
washingtonpost.com
Trump allies wanted to ‘delete’ this consumer watchdog. Now it’s a political weapon.
The administration that tried to kill the Consumer Financial Protection Bureau has found a new use for it: advancing its political goals.
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David Wessel @davidmwessel.bsky.social · 25/05/2026
37 European banks have lined up behind a single euro stablecoin project (Qivalis), as executives and policymakers become increasingly concerned about dollar dominance in the crypto market. Coin has yet to launch, tho. giftarticle.ft.com/giftarticle/...
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Andrew Ackerman @amackerdc.bsky.social · 24/05/2026
Crypto and prediction markets have achieved a level of regulatory capture atop the CFTC that TradFi could only dream of obtaining. www.nytimes.com/2026/05/24/u...
nytimes.com
How Prediction Markets and Crypto Firms Steamrolled a Watchdog Agency
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Andrew Ackerman @amackerdc.bsky.social · 23/05/2026
From February but still topical as Warsh is sworn in: Trump wants lower mortgage rates. His Fed pick may push the other way. www.washingtonpost.com/business/202...
washingtonpost.com
Trump wants lower mortgage rates. His Fed pick may push the other way.
Kevin Warsh’s push to shrink the $6.6 trillion balance sheet could raise long-term rates, creating tension with the administration over its housing agenda.
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Andrew Ackerman @amackerdc.bsky.social · 15/04/2026
Prosecutors from the U.S. attorney’s office in Washington on Tuesday appeared without warning at the Federal Reserve’s headquarters seeking a tour of an active construction site, escalating their probe of the central bank wapo.st/4cbGCvp
wapo.st
Justice Department officials turned away from Fed construction site
Prosecutors from U.S. Attorney Jeanine Pirro’s office appeared without warning at the Federal Reserve’s headquarters construction site Tuesday. They were turned away.
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Andrew Ackerman @amackerdc.bsky.social · 14/04/2026
Whatever. The real money is in reporting.
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David Wessel @davidmwessel.bsky.social · 25/03/2026
Stanford’s Darrell Duffie explains what Kevin Warsh will have to do if he wants to shrink the Fed balance sheet at 4 pm EDT Thursday 3/26 at www.brookings.edu/events/bpea-... livestreamed #BPEA
brookings.edu
BPEA Spring 2026 Conference | Brookings
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Andrew Ackerman @amackerdc.bsky.social · 24/03/2026
New: In a closed-door hearing, a prosecutor admitted DOJ doesn't have evidence of wrongdoing in its probe of Jay Powell and the Fed’s $2.5 billion renovations. A judge later quashed a pair of DOJ subpoenas, calling them an illegal effort to pressure Powell. www.washingtonpost.com/national-sec...
washingtonpost.com
Prosecutor admits government lacks evidence of misconduct by Fed chair
The admission during a closed-door hearing undercuts President Donald Trump’s claims of “criminality” in the central bank’s $2.5 billion office renovations.
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Andrew Ackerman @amackerdc.bsky.social · 18/03/2026
How Trump’s attacks on Jay Powell just backfired spectacularly. www.washingtonpost.com/business/202...
washingtonpost.com
Trump tried to push Powell out, but now he may be stuck with him
Powell says he would remain as Fed chief and stay on the board — as Trump’s efforts to reshape the Fed run into legal and political roadblocks.
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Andrew Ackerman @amackerdc.bsky.social · 11/03/2026
new: Three years after Silicon Valley Bank’s implosion, bipartisan legislation would require the CEOs of failed banks to surrender pay wapo.st/46Suaxs
wapo.st
CEO pay to be clawed back when banks fail under new Senate plan
Under the bipartisan legislative proposal, regulators would have to seize pay from bank executives whose decisions trigger failures.
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Bill Grueskin @bgrueskin.bsky.social · 02/12/2025
NYT: Five officials told us that Hegseth had nothing to do with the second strike Washpost (which broke the story 2 days ago): “This is ‘protect Pete’ bullshit,” and “It’s throwing us, the service members, under the bus.”
At the White House on Monday, Karoline Leavitt, the press secretary, read a statement that said Mr. Hegseth had authorized the Special Operations commander overseeing the attack, Adm. Frank M. Bradley, “to conduct these kinetic strikes.”

She said that Admiral Bradley had “worked well within his authority and the law directing the engagement to ensure the boat was destroyed and the threat to the United States of America was eliminated.”

According to five U.S. officials, who spoke separately and on the condition of anonymity to discuss a sensitive matter that is under investigation, Mr. Hegseth, ahead of the Sept. 2 attack, ordered a strike that would kill the people on the boat and destroy the vessel and its purported cargo of drugs.

But, each official said, Mr. Hegseth’s directive did not specifically address what should happen if a first missile turned out not to fully accomplish all of those things. And, the officials said, his order was not a response to surveillance footage showing that at least two people on the boat survived the first blast.

Admiral Bradley ordered the initial missile strike and then several follow-up strikes that killed the initial survivors and sank the disabled boat. As that operation unfolded, they said, Mr. Hegseth did not give any further orders to him.Her scripted remarks at a news briefing elicited a furious backlash within the Defense Department, where officials described feeling angry at the uncertainty over whether Hegseth would take responsibility for his alleged role in the operation — or leave the military and civilian staff under him to face the consequences.

“This is ‘protect Pete’ bulls---,” one military official, who, like others, spoke on the condition of anonymity to discuss internal conversations, told The Post.

Leavitt’s statement “left it up to interpretation” who was responsible for the second strike that killed the two survivors, a separate military official said, imploring the White House to provide clarity on the issue.

One official said of Leavitt’s statement, “It’s throwing us, the service members, under the bus.” Another person said some of Hegseth’s top civilian staff appeared deeply alarmed about the revelations and were contemplating whether to leave the administration.
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Andrew Ackerman @amackerdc.bsky.social · 15/11/2025
Shortly after Powell declined to grant Kugler a waiver to address her impermissible stock holdings during a July blackout period, Kugler missed the Fed’s policy meeting at the end of that month. She announced her resignation a couple days later. www.washingtonpost.com/business/202...
washingtonpost.com
Former Fed governor violated central bank’s trading rules, new disclosures show
Adriana Kugler, who resigned from the Fed in August, engaged in financial transactions that violated the central bank’s rules, according to new disclosures.
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David Wessel @davidmwessel.bsky.social · 15/06/2025
Wendy Edelberg & Tara Watson of @brookings.edu and Stan Veuger of AEI: For the first time in at least half a century, the U.S. could see more folks leaving the U.S. this year than immigrants arriving. wapo.st/3HFn5GR
wapo.st
U.S. could lose more immigrants than it gains for first time in 50 years
For the first time in 50 years, the United States may see more immigrants leave than arrive, a reversal driven by the Trump administration’s sweeping crackdown on legal and illegal migration.
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