Sheila

Fed sparks irrational market optimism on possible rate cuts: Sheila Bair

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Market optimism over the potential for interest rate cuts next year is dangerously overdone, according to former FDIC Chair Sheila Bair. Bair, who ran the FDIC during the 2008 financial crisis, suggested Federal Reserve Chair Jerome Powell was irresponsibly dovish at last week’s policy meeting by creating “irrational exuberance” among investors. “The focus still needs … Read more

Sheila Jackson Lee loses Houston mayor’s race to tough-on-crime state senator

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Democratic state Sen. John Whitmire defeated Democratic Rep. Sheila Jackson Lee in the Houston mayoral race in Saturday’s runoff election after a campaign heavily focused on voter concerns over safety on the streets. Whitmire, a perennial tough-on-crime voice who for decades heralded Texas regulations over public safety, was declared the winner by the Associated Press … Read more