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The Fed Janet Yellen

  • WASHINGTON, Oct 20- President Donald Trump is considering nominating Federal Reserve Governor Jerome Powell and Stanford University economist John Taylor for the central bank's top two jobs, in an apparent bid to reassure markets and appease conservatives hungry for change. Under that scenario, either Powell or Taylor would take the reins from Fed Chair...

  • WASHINGTON— Federal Reserve Chair Janet Yellen on Friday defended the central bank's extraordinary efforts to fight the Great Recession and said they might be needed again. During the recession, the Fed pushed short-term interest rates to zero. "The U.S. economy has made great strides," Yellen said in a speech Friday at a gathering of the National Economists Club...

  • Janet Yellen, chair of the U.S. Federal Reserve.

    Federal Reserve Chair Janet Yellen said while inflation has undershot the Fed's target, removal of stimulus is "working well."

  • WASHINGTON, Oct 20- President Donald Trump is considering nominating Federal Reserve Governor Jerome Powell and Stanford University economist John Taylor for the central bank's top two jobs, in an apparent bid to reassure markets and appease conservatives hungry for change. Under that scenario, either Powell or Taylor would take the reins from Fed Chair...

  • NEW YORK, Oct 20- Investors awaiting the nomination of the next Federal Reserve chair are hoping whoever is nominated pursues the same monetary policy that has supported rising stock prices for the past nine years. Led by Janet Yellen since 2014, the Fed is about to allow its $4.5 trillion portfolio of securities to shrink, and in late 2015 it began raising...

  • *U.S. tax cuts clear budget hurdle in Senate. "This is clearly a picture of somewhat of a risk-on rotation today, and its ignited some of the animal spirits as we take another step closer to the potential for tax reform coming to fruition," said Bill Northey, chief investment officer at the Private Client Group at U.S. Bank in Helena, Montana. Senate approval of a budget...

  • John Taylor, of professor of economics at Stanford University (l), and Jerome Powell, governor of the Federal Reserve.

    President Donald Trump's options for the future Federal Reserve leadership could include not one but two of the top contenders.

  • NEW YORK, Oct 20- U.S. Treasury yields resumed their rise on Friday reversing a modest pullback after a White House official said Federal Reserve Chair Janet Yellen was in the White House for lunch with President Donald Trump's economic adviser Gary Cohn. At 12:36 p.m., the yield on 10- year government debt was 2.381 percent, up 6 basis points from late on Thursday,...

  • NEW YORK, Oct 20- U.S. Treasury yields pared their rise on Friday following a Bloomberg report that said Fed Chair Janet Yellen returned to the White House a day after her interview with President Donald Trump on her potential reappointment as the head of the central bank. At 12:28 p.m., the 10- year Treasury yield was up 6 basis points at 2.379 percent, while the 2-...

  • CNBC’s Fed Survey: Forty-four percent say Trump will pick Jay Powell as next Fed chair

    CNBC’s Steve Liesman reports on results from the CNBC Fed Survey, which polled economists about who they think will become the next Federal Reserve chair.

  • SAO PAULO, Oct 20- The Mexican peso tumbled on Friday after the U.S. Senate cleared the way for a tax reform that raised the prospect of a fiscal lift to the U.S. economy that could force interest rates to rise faster. Senate approval of a U.S. budget blueprint on Thursday for the 2018 fiscal year cleared a critical hurdle for Republicans to pursue a tax-cut package...

  • *U.S. tax cuts clear budget hurdle in Senate. NEW YORK, Oct 20- The dollar rose on Friday, on track for its biggest daily gain in more than two weeks, as progress on U.S. tax reforms raised prospects of a fiscal lift to the economy, bolstering investor appetite for risk. Senate approval of a budget blueprint on Thursday for the 2018 fiscal year cleared a critical hurdle for...

  • Next Fed pick likely a choice between stability or reform: Economist Stephen Stanley

    Stephen Stanley, Amherst Pierpont Securities chief economist, weighs in on President Trump's likely pick to lead the Federal Reserve.

  • Jerome Powell, governor of the U.S. Federal Reserve.

    While the CNBC Fed Survey says nearly half expect Trump to nominate Jay Powell, Wall Street thinks he should name Yellen.

  • *U.S. Senate vote clears hurdle for Trump tax cuts. LONDON, Oct 20- Gold prices fell on Friday after the U.S. Senate approved a budget blueprint that paves the way for tax cuts, causing European stocks, the dollar and bond yields to rise as investors betting on faster economic growth bought riskier assets. The Republican-controlled Senate voted by 51- to-49 late on...

  • CNBC Survey: 44.7% think Trump will nominate Jerome Powell for Fed

    CNBC's Steve Liesman sifts through the numbers to see which candidate President Trump will likely nominate to lead the Federal Reserve.

  • Gold prices fell on Friday following the U.S. Senate's progress in pursuit of tax cuts.

  • Oct 20- Hong Kong shares rebounded sharply on Friday, as investors scrambled for bargains among stocks bruised from the previous session's sell-off, which was triggered by the Chinese central bank chief's reference to a "Minsky moment". The benchmark Hang Seng index fell the most in two months on Thursday, as investors were spooked by People's Bank of China...

  • *Spot gold may be rangebound between $1,278 and $1,291/ oz- techs. The Republican-controlled Senate voted for the budget measure late on Thursday by 51- to-49, which would add up to $1.5 trillion to the federal deficit over the next decade in order to pay for proposed tax cuts. "The dollar is up on account of the Senate vote... which in turn could pave the way for...

  • HONG KONG— World stock markets pushed higher Friday on investor optimism over the global outlook despite uncertainties over the outcome of political events in China and Japan and speculation over Trump's choice for the next Fed chief. Britain's FTSE 100 climbed 0.2 percent to 7,533.85. CHINA CONGRESS: Markets are keeping an eye on the Chinese Communist...