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☆ How Donald Trump's criminal conviction boosted his campaign fundraising machine
▼ + stars: | 2024-06-13 | by ( Merritt Enright | ) www.cnbc.com time to read: +3 min

"This has been a problem for years, if not decades," said Saurav Ghosh, director of campaign finance at the Campaign Legal Center. Filings show President Joe Biden recently used donations from the Democratic National Committee to pay lawyers in a classified documents case. For personal legal matters, such as Trump's New York business fraud case, experts say the use of political donations is prohibited. With an additional three criminal cases awaiting trial dates, Trump's legal costs are expected to continue mounting. In the week following the trial, Trump's team and the RNC reported having raised $141 million during the month of May, bolstered by millions raised in the aftermath of the verdict.

Persons: Donald Trump, Trump, Saurav Ghosh, Joe Biden, Sen, Bob Menendez, Ghosh, we've Organizations: Trump, White House, Save, Democratic National Committee, FEC, RNC Locations: Manhattan, York

☆ How the Fed's quest for transparency made markets more volatile
▼ + stars: | 2024-05-11 | by ( Merritt Enright | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow the Fed's quest for transparency made markets more volatileMarkets often respond to Fed comments with big price swings, and recent research shows they are particularly reactive to Fed Chair Jerome Powell.

Persons: Jerome Powell

☆ How the Fed’s quest for transparency made markets more volatile
▼ + stars: | 2024-05-11 | by ( Merritt Enright | ) www.cnbc.com time to read: +2 min

Markets typically respond to Fed comments with price swings in either direction, and recent research shows they are particularly reactive to Powell. And given the Fed's "data-dependent" approach, the baseline can change rapidly as new economic reports are released. "So now we're stuck with a system where there's only one view, there's only one outlook, it's a baseline outlook. And there's really no way to understand the Fed's thinking about where are the risks." Watch the video above to learn more about how the Fed's busy speaking schedule can create market volatility and how it balances transparency with market impact.

Persons: Jerome Powell, Powell, Andrew Levin, —, Levin, Ben Bernanke Organizations: Fed, Federal, Center for Economic Policy Research, Dartmouth College, Federal Reserve Locations: Federal, what's

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