Daniel Indiviglio is a Reuters Breakingviews columnist, based in Washington, where he covers the intersection of politics and business. He joined from The Atlantic, where he covered a similar beat, providing analysis on topics such as financial regulation, housing finance policy, the Treasury, and the Fed. He also wrote for Forbes. He is a 2011 Robert Novak Journalism Fellow through the Phillips Foundation. Prior to becoming a journalist, Dan spent several years working as an investment banker and a consultant for financial services firms. He holds a BA from Cornell University, where he triple majored in economics, philosophy and physics. Follow Dan on Twitter @indiviglio
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The FDIC’s latest belt tightening means its budget is now 42 percent lower than at its peak. With the OCC warning of lower lending standards, that might sound worrisome. But the FDIC’s actually shifting resources to where they’re needed most – a sign it’s learned from the crisis.
The U.S. central bank now puts “patience” above needing “considerable time” for changing monetary policy. It suggests Chair Janet Yellen is focusing more on data than anything else. That could stoke interpretive disagreements on the committee – but also spark unexpected hikes.
November saw a blowout 321,000 new positions. The bigger picture is improving, with the best six months’ job creation since 2000 and firmer wage growth. Weaker oil may also boost the U.S. economy. If the pace picks up, the central bank may have to tear up carefully laid plans.
- Brainard emerges as another Fed regulatory voice
- Tax credit gridlock may bring about needed reform
- Wells Fargo: first big bank simple enough to fail
- Certain gridlock offsets Obama's immigration move
- Dizzying revolving door risks overdone response
- Deutsche trading exit as much about bank as market
- Markets get shot at crisis early warning system