The Federal Reserve Board on Monday announced that reputational risk will no longer be a component of examination programs in its supervision of banks.
https://www.federalreserve.gov/newsevents/pressreleases/bcreg20250623a.htm
We’re now seeing Trump’s influence on the Fed. I predict that a year from now he’ll appoint his operative, Michelle Bowman, to replace Jay Powell. Neither of them is an economist, but Bowman’s credentials are, as Trump would put it, “very weak.”