The Dow Jones Industrial Average rose on Tuesday as the corporate earnings season kicked into full gear, while also getting a boost from Boeing shares.
President Trump can't fire the Fed chairman, but he can make it "extremely uncomfortable" for him to stay in the job, says Komal Sri-Kumar.
Chicago Federal Reserve President Charles Evans said on Monday that he'd be comfortable leaving interest rates alone until autumn 2020.
Debt yields held steady Monday as investors digested new profit results from major U.S. banks and commentary from Fed President Evans.
Federal Reserve Chair Jerome Powell's top deputies are edging toward a clash that could shape the pace of interest-rate hikes in coming months.
Chicago Fed President Charles Evans says he'd prefer to "wait a little longer" before raising interest rates for the first time in 2018.
"If wage growth continues that could have an effect on the path of interest rates," he says.
The Federal Reserve had been expected to raise its benchmark interest rate a quarter point to a target range of 1.25 percent to 1.5 percent.
Solid economic data reinforced expectations that the Federal Reserve will press ahead with increases to U.S. interest rates.
Chicago Fed President Charles Evans became the second Fed policymaker in recent days to call for a new approach to rate-setting.
The Fed should adopt a gradual approach to normalizing its expansive monetary policy, U.S. central banker Charles Evans said on Wednesday.