President Donald Trump heaped more criticism on the Federal Reserve in an interview with Fox Business Network on Tuesday, extending his discontent beyond its chairman, Jerome Powell, whom he has frequently critiqued in public. Trump has said he is not trying to oust Powell, whom he appointed to replace former Chair Janet Yellen. The president also appointed two...
President Donald Trump heaped more criticism on the Federal Reserve in an interview with Fox Business Network on Tuesday, extending his discontent beyond its chairman, Jerome Powell, who he has frequently critiqued in public. "My biggest threat is the Fed," he said according to excerpts released before the interview with Trish Regan Primetime airs.
Former Federal Reserve Chair Janet Yellen balks at President Trump's growing attacks on the Fed, expressing confidence in her successor, Jay Powell, according to The Wall Street Journal.
During her tenure, Fed Chair Janet Yellen was cautious about raising rates while stressing that any future moves would depend on what the economic data showed.
Hans Goetti of HG Research says U.S. President Donald Trump could have reappointed former Federal Reserve Chair Janet Yellen if he wanted lower interest rates.
CNBC's Jim Cramer wants a Federal Reserve that can say it may be raising rates a little too fast, too much.
CNBC's Jim Cramer discusses why he doesn't like the Fed's manner of raising interest rates and preferred Janet Yellen's leadership to Jay Powell's.
The shift at the Fed from being data-dependent to being blinded by the desire to normalize interest rates could spell trouble for stocks, according to CNBC's Jim Cramer.
Understanding the slump — think of it as a mini-recession — of 2015 and 2016 is important in many ways. It helps explains the economic growth spurt of the last two years.
WASHINGTON, Sept 21- Unemployment near a 20- year low screams at the U.S. Which path they follow will begin to define whether Chairman Jerome Powell engineers a sustained, recession-free era of full employment, or spoils the party with interest rate increases that prove too much for the economy to swallow. New York Fed President John Williams deemed the current...
WASHINGTON, Sept 21- Unemployment near a 20- year low screams at the U.S. Which path they follow will begin to define whether Chairman Jerome Powell engineers a sustained, recession-free era of full employment, or spoils the party with interest rate increases that prove too much for the economy to swallow. New York Fed President John Williams deemed the current...
Fed Chairman Jerome Powell has reportedly been making the rounds on Capitol Hill amidst criticism from President Trump that could threaten the central bank's independence.
WASHINGTON, Sept 14- The Federal Reserve faces a "quite challenging" period in trying to keep the U.S. recovery on track amid a risk that low unemployment could lead to an overheated economy, former Fed chief Janet Yellen said on Friday. But I think it could occur, "she said in remarks to reporters at the Brookings Institution. In a paper presented at the Brookings...
FORT WAYNE, Ind., Sept 14- Mary Daly, a labor economist who dropped out of high school, later earned a PhD from Syracuse University, joined the San Francisco Fed's research department in 1996 and led it since 2017, was picked on Friday to be the bank's next president after a five-month search. Daly, 55, will succeed John Williams, who left in July to become president of...
WASHINGTON, Sept 14- The appointment of Mary Daly as the second-ever woman to head up the San Francisco Federal Reserve makes plain that some regional central banks continue to make strides in creating a diverse leadership as criticism intensifies about the Fed's hiring policies while others fall behind. Philadelphia, Richmond and Dallas have all appointed...
FORT WAYNE, Ind., Sept 14- Mary Daly, a labor economist who dropped out of high school, later earned a PhD from Syracuse University, joined the San Francisco Fed's research department in 1996 and led it since 2017, was picked Friday to be the bank's next president after a five-month search. She will take over the U.S. central bank's westernmost outpost starting Oct 1,...
WASHINGTON, Sept 14- The Federal Reserve faces a "quite challenging" period in trying to keep the U.S. recovery on track amid a risk that low unemployment could lead to an overheated economy, former Fed chief Janet Yellen said on Friday. "The question for the Fed is how to manage monetary policy to try to keep the expansion going for a long time. And it is going to be quite...
When Lehman Brothers failed, the Fed took extreme actions to head off a collapse of the financial system, and the hangover of those policies could be with them well into the future.
South Africa entered recession in the second quarter for the first time since 2009, data showed on Tuesday.
President Donald Trump said he respected Federal Reserve Chairman Jerome Powell even though the central bank was not helping him out in trade disputes, Bloomberg News reported on Thursday. "I put a man in there who I like and respect," Trump told Bloomberg in an interview that included a seeming nod by the president to the importance of the Fed's independence in...
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