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The Fed Janet Yellen

  • NEW YORK, Sept 29- The dollar was little changed against a basket of major currencies on Friday after conflicting U.S. economic data, leaving it on course for its largest weekly rise in 2017 amid a rise in expectations for inflation and U.S. interest rate hikes. Ironically, data from the Commodity Futures Trading Commission showed speculators boosted net short...

  • Federal Reserve Board Chair Janet Yellen

    An announcement on who will lead Federal Reserve in 2018 and beyond could come in the next few weeks, President Donald Trump said Friday.

  • NEW YORK, Sept 29- The dollar was little changed against a basket of major currencies on Friday after conflicting U.S. economic data, leaving it on course for its largest weekly rise in 2017 amid a rise in expectations for inflation and U.S. interest rate hikes. Analysts said the week's rally was sparked by the German election last weekend in which the far-right...

  • NEW YORK, Sept 29- Most U.S. Treasury yields edged higher on Friday, marking the end of a choppy third quarter, as investors weighed the chances on the Federal Reserve raising interest rates in December and Washington's implementation of tax cuts and other fiscal changes. "He has the make-up to be more hawkish, but you don't know until he gets the job," said Jim Caron,...

  • President Trump interviews Jay Powell for Fed Chairman job: DJ

    CNBC's Steve Liesman reports the latest on how President Trump interviewed Governor Jerome "Jay" Powell for the Fed chair position.

  • Jerome Powell interviewed at Jackson Hole, Wyoming on Friday, August 25, 2017.

    Trump also has spoken to Governor Jerome "Jay" Powell in recent days for the Fed chair position, according to a report from the Wall Street Journal.

  • *Tech sector buoys Wall Street after record high close. NEW YORK, Sept 29- The dollar was headed for its strongest week of the year on Friday as it rose again, while world stock markets climbed back near record-high levels on the last trading day of the quarter. The economic data we got was either on target or it was slightly better than expected so there wasnt anything...

  • Trump met with Kevin Warsh amid quest to fill Fed chair job

    Former Federal Reserve Governor Kevin Warsh has met with Trump as the search continues for the next Fed chair.

  • Kevin Warsh

    Kevin Warsh might be different enough from Chair Janet Yellen to please President Trump while maintaining loose enough policy not to tank the economy.

  • WASHINGTON, Sept 29- U.S. consumer spending barely rose in August likely as Hurricane Harvey weighed on auto sales, while annual inflation increased at its slowest pace in nearly two years, pointing to a moderation in economic growth in the third quarter. The weak report from the Commerce Department on Friday did little to change expectations that the Federal...

  • Kevin Warsh

    Warsh's meeting with Trump pushes him to the lead in the race for a new Fed chair, for now.

  • NEW YORK, Sept 29- Most U.S. President Donald Trump met with former Federal Reserve Governor Kevin Warsh about a potential nomination to head the U.S. central bank. "He's quite a contrast to Yellen," said Gennadiy Goldberg, interest rates strategist at TD Securities in New York.

  • Analysts said the week's rally was sparked by German elections last weekend in which the far-right Alternative for Germany won seats in parliament for the first time, leading to worries that anti-European political movements on the continent, including those in Spain and Italy, could be more worrisome than initially thought. "Economically the situation in...

  • President Donald Trump met with former Federal Reserve Governor Kevin Warsh at the White House to discuss his potential nomination as Fed chair, a source with knowledge of the meeting said. News of the meeting between Trump, Warsh and Treasury Secretary Steve Mnuchin was first reported by the Wall Street Journal. The White House confirmed the meeting took...

  • Kevin Warsh

    Treasury yields rose on reports that Kevin Warsh, a former Fed governor, met with President Donald Trump Thursday to discuss his potential nomination as Fed chair.

  • NEW YORK, Sept 29- U.S. President Donald Trump met with former Federal Reserve Governor Kevin Warsh to discuss his potential nomination to succeed Janet Yellen to head the U.S. central bank. At 10:23 a.m., the benchmark 10- year Treasury yield reached a session peak at 2.339 percent before easing to 2.332 percent, up over 2 basis points from late on Thursday.

  • Kevin Warsh

    Former Federal Reserve Governor Kevin Warsh has met with President Donald Trump as the search continues to see who will head the central bank, according to a report.

  • WASHINGTON, Sept 29- President Donald Trump met with former Federal Reserve Governor Kevin Warsh to discuss potentially being nominated as Fed chairman, a source familiar with the meeting said on Friday. The White House would not confirm the topic of the conversation, saying only that the president met on Monday with Warsh at the White House.

  • *Crown jumps to strongest level since Aug. 3 rate hike. BUDAPEST/ WARSAW, Sept 29- The zloty extended gains against the euro on Friday after flash September data showed a bigger-than-expected rise in Polish inflation, which may worry some central bank rate-setters. The inflation figures could have led to a bigger fall in bond prices, but the fourth-quarter...

  • WASHINGTON, Sept 29- U.S. consumer spending barely rose in August likely as Hurricane Harvey weighed on auto sales and annual inflation increased at its slowest pace since late 2015, pointing to a moderation in economic growth in the third quarter. The weak report from the Commerce Department on Friday did little to change expectations that the Federal...