Federal Reserve

Contenders emerge for No. 2 Fed job, search to narrow

The Federal Reserve Bank of New York will soon narrow its search for candidates to fill what is considered the Fed’s second-most powerful job after having scouted a diverse field, from a local business school dean to a former Fed governor.

Eurozone recovery fueling jobs but wages and prices lag

Official figures show that the unemployment rate in the 19-country eurozone has fallen to its lowest level since January 2009, further evidence that the buoyant economic recovery across the region is being felt in most corners of the labor market.

Inflation heating up: Fed Beige Book

While the U.S. economy has experienced a solid recovery since the Great Recession, stagnant wages and low inflation have baffled economists. But according to the Fed’s latest Beige Book, this may be turning around.