Federal Reserve Chair Janet Yellen is defending the central bank's extraordinary efforts to fight the Great Recession and says they might be needed again.
President Donald Trump may give the Federal Reserve a double dose of top talent by nominating two top contenders, Federal Reserve Governor Jerome Powell and Stanford University economist John Taylor, as candidates for either Fed chairman and vice chairman, but it is still unclear which role either would get, FOX Business has learned.
As Federal Reserve Chair Janet Yellen meets with President Donald Trump Thursday to determine if she will remain at the helm of the central bank, Fed candidate and Stanford economist John Taylor is garnering fresh attention as he’s become a preference for conservative lawmakers on Capitol Hill and some White House officials.
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The U.S. economy expanded at a modest to moderate pace in September through early October despite the impact of hurricanes on some regions, the Federal Reserve said in its latest snapshot of the U.S. economy released on Wednesday, but there were still few signs of an acceleration in inflation.
The Trump administration has once again declined to label China a currency manipulator, even though Donald Trump repeatedly pledged during last year's presidential campaign that he would do so as soon as he took office.
President Donald Trump has narrowed down his candidate list for the Federal Reserve chairmanship to five candidates and he has a target date to make a decision on who will get the Fed’s top job, FOX Business has learned.
President Donald Trump will host Federal Reserve Chair Janet Yellen for a meeting at the White House on Thursday.
The Federal Reserve will probably need to raise interest rates in December and then three of four times "over the course of next year," assuming the U.S. unemployment rate continues to fall and inflation rises, Boston Fed President Eric Rosengren said.
Federal Reserve Chair Janet Yellen is sketching a bright outlook for the U.S. economy and for inflation prospects in coming months.
DoubleLine Capital CEO Jeffrey Gundlach on Friday said he expects the Federal Reserve to raise interest rates in December and discussed how the Fed’s plan to taper its balance sheet may be a problem for the stock market.
President Donald Trump’s administration is continuing to turn their attention to making a decision on who will be the next chairman of the Federal Reserve, including Vice President Mike Pence, who met with three free market economists at the White House on Wednesday to discuss the candidates that could replace Janet Yellen.
Federal Reserve policymakers had a prolonged debate about the prospects of a pickup in inflation and slowing the path of future interest rate rises if it did not, according to the minutes of the U.S. central bank's last policy meeting on Sept. 19-20 released on Wednesday.
Federal Reserve Bank of Chicago President Charles Evans said Wednesday there was room for an "honest discussion" later in 2017 on whether it was the right time to raise interest rates--suggesting another hike by year-end wasn't a done deal.
Federal Reserve Bank of Boston President Eric Rosengren said Saturday additional interest-rate rises are needed to keep the economy on track, while warning that Fed officials need to make policy with an eye on longer-term issues over short-term data fluctuations.
U.S. stocks faded a bit from their record highs in early trading Friday, and the Standard & Poor's 500 index was on pace to snap its longest winning streak in four years.
President Donald Trump and Treasury Secretary Steven Mnuchin met with former Morgan Stanley banker and Federal Reserve governor Kevin Warsh on Thursday to discuss his potential nomination as the next chair of the U.S. central bank, FOX Business confirmed Friday.
Eight of the largest U.S. banks and 82 foreign banks will have an extra year to submit their so-called living wills outlining how they would be unwound in the event of bankruptcy, the Federal Reserve said on Thursday.
U.S. stocks are jumping along with bond yields Wednesday morning, and technology companies continue to recover some of their recent losses.
Asian stock markets turned mostly lower on Wednesday as investors awaited the outlines of U.S. tax overhaul plans by President Donald Trump while news headlines on geopolitical tensions surrounding North Korea have quieted.