Fed expected to provide taper timeline hints at key policy meeting this week
The Federal Reserve kicked off a much-anticipated meeting this week during which policymakers are widely expected to shed light on their plans to begin dialing back support for the U.S. economy – a decision complicated by rising inflation and lackluster job growth.
White House mum on Powell Fed reappointment
The White House is still mulling the potential renomination of Jerome Powell as chairman of the Federal Reserve, one of the most consequential economic decisions for President Biden in his first term.
Fed Chair Jerome Powell to review trading rules after central banker stock trades raise eyebrows
Federal Reserve Chairman Jerome Powell has called for a fresh review of the central bank's ethics rules after top officials fell under scrutiny for trades made last year.
Elizabeth Warren asks the Fed to break up Wells Fargo, citing a 'broken culture'
Sen. Elizabeth Warren on Tuesday urged the Federal Reserve to break up Wells Fargo, arguing corruption and scandals at the financial powerhouse posed "substantial risks" to consumers and the financial system.
Consumer prices rise 5.3% annually in August
U.S. consumer prices grew at a slower pace in August as gains cooled off from their fastest rate in 13 years.
Disappointing August jobs report could throw wrench in Fed's taper plans
The abrupt slowdown in job growth last month could derail the Federal Reserve's plan to start unwinding its easy-monetary policies at its September policy meeting amid signs the highly contagious delta variant is weighing on the labor market's recovery from the pandemic.
Fed will become 'even more dovish' if Powell loses chairman job, market expert says
Mark Tepper argues the Fed will become more 'dovish' if Jerome Powell isn't reappointed as chairman.
Fed faces new challenge spelling out employment goals
Federal Reserve officials are talking more about how to define a fuzzy concept—maximum employment—that will heavily influence their thinking around how much longer to keep interest rates near zero.
Fed Chair Powell says inflation surge will be temporary: Here's what it means for interest rates
Federal Reserve Chairman Jerome Powell confirmed Friday his view that today's high inflation is temporary. Here's what that means for interest rates.
Fed's Powell signals tapering could begin this year, but suggests rate hike a ways off
Federal Reserve Chairman Jerome Powell signaled Friday the U.S. central bank expects to begin unwinding some of its ultra-easy monetary policies by the end of the year as the U.S. economy continues to rebound from the COVID-19 pandemic.
Fed's George says it's time to start tapering asset purchases
Kansas City Federal Reserve President Esther George said Thursday the U.S. central bank should begin winding down its massive bond-buying program as the U.S. economy continues to recover from the COVID-19 pandemic.
At Fed's Jackson Hole meeting, Powell unlikely to provide tapering roadmap for investors
All eyes will be on Federal Reserve Chairman Jerome Powell this week as investors watch for signs that U.S. policymakers are preparing to wind down the massive bond-buying program put in place during the COVID-19 pandemic.
Yellen endorses Powell for second Fed term, boosting his reappointment odds
Treasury Secretary Janet Yellen has reportedly told senior White House advisers that she supports reappointing Jerome Powell as Federal Reserve chair, a key endorsement that likely boosts his odds for a second term.
Fed Chair Powell: Delta variant a wildcard for economy
Federal Reserve Chairman Powell warned COVID-19 is "still casting a shadow on economic activity."
Fed's Rosengren: Stimulus wind down to begin by fall
The president of the Federal Reserve Bank of Boston added his voice Monday to a growing number of people, inside and outside the Fed, who say the central bank should soon begin to dial back its extraordinary aid for an economy that is strongly recovering from the pandemic recession.
Ex-Atlanta Fed president Lockhart predicts decision on tapering bond purchases will happen 'later in the year’
Former Atlanta Federal Reserve President Dennis Lockhart said on Thursday that he believes the Fed's decision to potentially taper bond purchases will not happen immediately and will likely “be made later in the year.”
Fed's Powell touches on timeline, details for central bank’s return-to-work plans
Federal Reserve Chair Jerome Powell indicated that the agency’s staff would be resuming in-person work in a few weeks, though he did not mention any specific mandates as more requirements are announced for federal employees.
Fed’s Powell doesn’t see delta variant toppling economy
Federal Reserve Chairman Jerome Powell said Wednesday that policymakers at the U.S. central bank see no cause for alarm from the resurgence of COVID-19 cases nationwide, driven by the highly transmissible delta variant.
Powell’s press conference, Federal Reserve meeting: LIVE Updates
Federal Reserve Chairman Jerome Powell gave his latest views on inflation, tapering and the health of the U.S. economy amid rising COVID-19 cases and a return to mask mandates.
Fed keeps ultra-low interest rates but says US economy made 'progress' toward its goals
The Federal Reserve said Wednesday that it would maintain ultra-low interest rates and reaffirmed its commitment to other easing policies.