Federal Reserve Chair Powell's renomination may or may not happen, Sen. Sherrod Brown says
Federal Reserve Chair Jerome Powell’s future as head of the central bank remains in doubt this week, with Senate Banking Committee Chair Sherrod Brown, D-Ohio, noting Powell may or may not be re-nominated when President Biden unveils his Fed nominees in the coming days.
Fed prepares to begin tapering asset purchases as inflation surges
Federal Reserve officials are poised to start slowing their aggressive bond-buying program in November, the first step in dialing back pandemic-era support for the U.S. economy.
Supply chain snarls, labor shortage slowing economic growth, Fed's Beige Book says
U.S. economic growth slowed in the fall as supply chain disruptions and a growing labor shortage weighed on the nation's recovery from the coronavirus pandemic, according to a new Federal Reserve report.
Fed's Powell sold up to $5M in stock in 2020 before market tanked
Federal Reserve Chairman Jerome Powell sold up to $5 million worth of stock last October, according to a new financial disclosure form, shortly before the Dow Jones Industrial Average cratered.
Jerome Powell renomination for Fed chair backed by key Republican senators
Support for the potential renomination of Jerome Powell as chairman of the Federal Reserve is growing among key Senate Republicans, who have indicated they could help him earn a second term to lead the central bank despite fierce criticism from progressive lawmakers.
White House decisions on Fed leadership complicated by trading furor
Federal Reserve Chairman Jerome Powell’s chances for a second term leading the central bank so far have been dented but not derailed by a reputational crisis over stock-trading disclosures by senior officials.
Powell still favorite for Fed reinstatement but investors examine alternatives
Jerome Powell may still be the clear favorite to get renominated as Federal Reserve Chairman, but some investors are considering the long-shot alternative should there be a surprise change
'Woke' Fed risks losing control of inflation, says former Treasury Secretary Larry Summers
Former Treasury Secretary Larry Summers on Wednesday excoriated Federal Reserve policymakers for paying too much attention to social issues rather than a pandemic-induced inflation surge that's triggered wild increases in many consumer prices.
White House offers muted backing for Fed Chair Powell amid fierce criticism from Warren
The White House expressed muted support for Federal Reserve Chair Jerome Powell on Tuesday, the same day Sen. Elizabeth Warren, D-Mass., ripped Powell in a scathing floor speech amid widening ethics concerns at the central bank.
Sen. Warren pushes SEC on Federal Reserve stock trades
Sen. Elizabeth Warren is calling on the SEC to launch investigations into trades by high level Federal Reserve officials.
Fed's Powell pledges diversity focus in filling reserve bank openings
U.S. Federal Reserve Chair Jerome Powell on Thursday promised to redouble efforts to find "diverse candidates" to replace two high-profile officials who resigned this week after criticism of their securities trading, as the central bank tried to regroup from a blow to its typically staid, technocratic image.
Sen. Warren tells Fed Chairman Powell she will oppose his renomination
Sen. Elizabeth Warren told Federal Reserve Chairman Jerome Powell on Tuesday that she would oppose his re-nomination.
Janet Yellen says Treasury could exhaust cash reserves by Oct. 18 if debt limit isn’t raised
Treasury Secretary Janet Yellen told Congress that the Treasury would be unable to pay all of the government’s bills if lawmakers don’t raise the federal borrowing limit by Oct. 18.
Dallas Fed’s Kaplan resigns, follows Boston’s Rosengren after stock sale controversy
The Federal Reserve announced Monday that Dallas Fed chief Robert Kaplan will soon retire, just hours after Boston Fed president Eric Rosengren said he would be retiring at the end of the month.
Fed's Powell says coronavirus recession, recovery 'without modern precedent'
Federal Reserve Chairman Jerome Powell said Friday the pandemic-induced recession – one of the sharpest, but shortest, downturns in history – and the subsequent recovery are unprecedented.
Wall Street eyes four more years for Powell at Fed
Federal Reserve Chairman Jerome Powell remains favored for renomination by the White House, and if recent history repeats itself a decision may come at any time before the central bank meets again in early November.
Fed officials see ‘transitory’ inflation lasting quite a while
All year the Federal Reserve’s message on inflation has been consistent: This year’s surge is transitory, and inflation will soon return close to the central bank’s 2% target.
Jerome Powell says Fed to change trading rules for central bank officials
Federal Reserve Chairman Jerome Powell said on Wednesday the U.S. central bank's current rules dictating what its officials are allowed to invest in and trade are "not adequate" and need to be updated after recent disclosures showed that two Fed officials actively traded markets in 2020.
Fed Powell’s press conference, Q&A: Recap
The Federal Reserve signals more rates hikes, taper timeline and acknowledges rising inflation.
Fed signals tapering could begin 'soon,' projects interest rate liftoff in 2022
The Federal Reserve signaled at the conclusion of its two-day meeting this week that it will begin slowing its aggressive bond-buying program later this year, the first step that policymakers will take to dialing back pandemic-era support for the U.S. economy.