The Fed
Janet Yellen
WASHINGTON— President Donald Trump has selected Columbia University professor Richard Clarida to be vice chairman of the Federal Reserve and Kansas bank commissioner Michelle Bowman to fill another vacancy on the Fed's seven-member board. Both nominations need Senate approval. He also selected Utah investment banker Randal Quarles to be Fed vice...
BOSTON, April 13- The Federal Reserve will probably need to raise interest rates at least three more times this year in the face of a robust U.S. economy, even while possible trade disruptions pose risks, a top Fed policymaker said on Friday. Boston Fed President Eric Rosengren, in a speech at the Greater Boston Chamber Economic Outlook Breakfast, painted an...
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Federal Reserve is worried about trade tensions with China, but newly released details on policymakers' views suggest those concerns have not translated into concerns about the overall economy. Trade tensions between the United States and China were heating up in the weeks prior to the Fed's March policy meeting, and have grown more acute since then.
WASHINGTON— Federal Reserve officials signaled rising confidence last month that a strong economy will lift inflation closer to its 2 percent target and that they may accelerate the Fed's pace of interest rate hikes as a result. The minutes of the Fed's March 20-21 meeting, which were released Wednesday, showed that a number of participants believed that a...
The former congressman and presidential candidate also warns of a looming debt crisis.
Last year's aggressive tax cuts are at the heart of a worsening budget situation that will see deficits surge in the years ahead, according to an op-ed by former Fed Chair Janet Yellen and others.
CHICAGO— Federal Reserve Chairman Jerome Powell on Friday painted a mostly sunny view of the U.S. economy and said the Fed remains committed to raising its key interest rate gradually unless events change. He said it was too soon to determine how a trade fight with China could affect the U.S. economy. This "patient approach has paid dividends and contributed to the...
NEW YORK/ SAN FRANCISCO, April 5- Janet Yellen cashed in with her first paid visit to Wall Street since stepping down as Federal Reserve chair, discussing rate hikes and U.S. President Donald Trump at events on Monday that included a dinner for 40 at a CEO's Manhattan penthouse. Two people familiar with the events hosted by investment bank Jefferies, including the...
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Janet Yellen visited Wall Street for a paid appearance two months after stepping down as Fed chair.
NEW YORK/ SAN FRANCISCO, April 5- Janet Yellen visited Wall Street for a paid appearance two months after stepping down as Fed chair, discussing the economy and interest rates at an event hosted by investment bank Jefferies that included a sit-down dinner for forty. Federal Reserve the last four years until early February, said she revealed no confidential...
NEW YORK/ SAN FRANCISCO, April 3- John Williams, the genial president of the Federal Reserve Bank of San Francisco and a top monetary economist, was promoted on Tuesday to head the New York Fed in a politically explosive decision that has been criticized for ignoring more diverse candidates. The New York Fed's directors said Williams will on June 18 succeed...
NEW YORK, April 3- John Williams, the genial president of the Federal Reserve Bank of San Francisco and a top monetary economist, was promoted on Tuesday to head the New York Fed in a politically explosive decision that has been criticized for ignoring more diverse candidates. The New York Fed's directors said Williams will on June 18 succeed William Dudley in...
John Williams will move from one coast to the other and take on the pivotal New York Fed president's position. Long rumored for the position, Williams will exit the president's post he held in San Francisco since 2011.
WASHINGTON/ SAN FRANCISCO, March 21- Federal Reserve Chairman Jerome Powell set a record on Wednesday, after the U.S. central bank delivered a widely-expected interest rate hike, by holding the briefest quarterly news conference since the Fed began giving them in April 2011. Powell showed a business-like approach that contrasted with the more academic style...
WASHINGTON, March 21- The U.S. In its first policy meeting under new Fed chief Jerome Powell, the U.S. central bank indicated that inflation should finally move higher after years below its 2 percent target and that the economy had recently gained momentum. Powell, who took over from former Fed chief Janet Yellen in early February, said the central bank was staying...
Federal Reserve Chairman Jerome Powell doesn't see any serious risks to the financial system.
"A number of participants in the [Federal Open Market Committee] did bring up the issue of tariffs," Federal Reserve Chairman Jerome Powell said at a news conference.
WASHINGTON, March 21- The Federal Reserve raised interest rates on Wednesday and forecast at least two more hikes for 2018, signaling growing confidence that U.S. tax cuts and government spending will boost the economy and inflation and lead to more aggressive future tightening. In its first policy meeting under new Fed chief Jerome Powell, the U.S. central...
LONDON, March 21- Euro zone government bond yields rose on Wednesday as strong British jobs data stoked expectations for a rate rise from the Bank of England ahead of an anticipated rate hike from the U.S Federal Reserve later in the session. British workers' overall pay rose at the fastest pace in more than two years during the three months to January, bolstering...
As Fed Chairman Jerome Powell gets set to deliver his first news conference Wednesday, he has a good example of what not to do from the fairly recent past.
