Inflation (Economics) – Page 56

Late-Night Negotiating Frenzy Left First Republic in JPMorgan’s Control

The resolution of First Republic Bank came after a frantic night of deal making by government officials and executives at the country’s biggest bank.

Regulators found a buyer for First Republic, but the conditions that led to its failure remain in place.

As part of its deal, 84 First Republic branches in eight states will reopen as JPMorgan branches on Monday.

“Realism” can be an intellectual and political trap.

Key pay and inflation gauges have stayed stubbornly high as Federal Reserve officials consider when to stop raising interest rates.