"We may look back on this and say that the slowdown, if there was one here in 2019, might have been great timing for the Republican Party," says Leuthold Group's Jim Paulsen. » Read More
By: John Harwood
Trump's Fed pick Stephen Moore has brought that less-flattering trade-off into focus, a comparison that Democrats like better. » Read More |
By: Jeff Cox
The prospective nominee promises to pursue a stable dollar if confirmed to a central bank board that he thinks is too dominated by academics. » Read More |
By: Jacob Pramuk
Cain said he is "very committed" to the process despite an apparent lack of Senate support, he told The Wall Street Journal. » Read More |
President Donald Trump's pick for the Federal Reserve board, Stephen Moore, once joked that he had used Hillary Clinton's photo as a bullseye to potty train one son. Both Moore's and Herman Cain's candidacies for the Fed face heavy criticism.
Larry Kudlow insists that controversial Trump picks Herman Cain and Stephen Moore are still in the running to join the board of the Federal Reserve.
Gold is poised to move higher later this year, powered by Fed dovishness on interest rates and lingering global uncertainties, the global head of precious metals at financial services firm INTL FCStone told CNBC.
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.
Powell "ain't quittin'. ... This is a guy who is doing his job. He's adjusted to doing his job," CNBC's Jim Cramer says.
Chicago Federal Reserve President Charles Evans said on Monday that he'd be comfortable leaving interest rates alone until autumn 2020.
As President Donald Trump keeps up his attacks on the Federal Reserve's policies, Wall Street is cautiously embracing them.
The best investment opportunities may be thousands of miles away.
The lack of any recession threat will remove incentive to cut, with the next move more likely an increase than a decrease, Goldman said.
Economic growth won't last as the U.S. labors under the burden of growing entitlement programs, former Fed Chairman Alan Greenspan tells CNBC.
In recent days, at least four GOP senators said they would not back Cain, seeming to torpedo the nomination before it even become official.
The central bank's shift to a more dovish stance has contributed to greater volatility in financial markets, according to Allianz's El-Erian.
Central bank independence is one of the most important pillars of economic policy, says Jacob Frenkel, chairman of J.P. Morgan Chase International.
Republican Sen. Kevin Cramer, N.D., on Thursday became the fourth member of his party's caucus to tell reporters he would vote against the nomination of former pizza executive Herman Cain to join the board of the Federal Reserve.
The director of Trump's National Economic Council struck a decidedly noncommittal note when asked about Cain's support within the White House. On Capitol Hill, Cain's prospects for Senate confirmation grew dimmer by the day.
Speaking to reporters at a private lawmakers' retreat, House Speaker Nancy Pelosi called conservative commentator Stephen Moore and businessman Herman Cain "the worst, ill-suited appointments that the president could come up with."
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