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.
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.
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.
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.
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
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.
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. Elizabeth Warren is calling on the SEC to launch investigations into trades by high level Federal Reserve officials.
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. Elizabeth Warren told Federal Reserve Chairman Jerome Powell on Tuesday that she would oppose his re-nomination.
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.
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.
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.
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.
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.
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.
The Federal Reserve signals more rates hikes, taper timeline and acknowledges rising inflation.
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.
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.
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.