Federal Reserve

The Bank of England is on Thursday set to raise interest rates for the first time in a decade in order to keep a lid on inflation, a move that has the potential to hurt the British economy just as it struggles with the uncertainties of Brexit.

Stock markets around the world took a pause on Monday from their record-setting run ahead of a busy week for markets.

This week's Federal Reserve policy meeting is shaping up to be an afterthought next to that other imminent Fed event of the week: President Donald Trump's announcement of who will lead the central bank for the next four years.

Sources familiar with the discussions say Jerome Powell is in line to be the next Fed chair, and in appointing Powell, the administration would be getting someone who embodies from a policy standpoint all of what Trump believed were the key attributes of those candidates who have made his short list, these people add.

Sources familiar with the discussions say Jerome Powell is in line to be the next Fed chair, and in appointing Powell, the administration would be getting someone who embodies from a policy standpoint all of what Trump believed were the key attributes of those candidates who have made his short list, these people add.

U.S. President Donald Trump is expected to announce his choice to chair the Federal Reserve on Thursday, a White House official said on Monday.

U.S. President Donald Trump is expected to announce his choice to chair the Federal Reserve on Thursday, a White House official said on Monday.

After years of talking about improving the trade deficit, Trump’s short list of Federal Reserve Chair candidates suggests his administration is poised to make it larger.

President Donald Trump is leaning toward nominating Federal Reserve Governor Jerome Powell to be the next head of the U.S. central bank, Bloomberg News reported on Friday, citing three unnamed sources.

U.S. stocks are edging higher Thursday morning as technology companies and banks advance.

U.S. stocks are edging higher Thursday morning as technology companies and banks advance.

The European Central Bank is expected to say how it plans to ease back next year on its stimulus programs that are credited with a boom in the 19-country eurozone.

The European Central Bank is expected to say how it plans to ease back next year on its stimulus programs that are credited with a boom in the 19-country eurozone.

U.S. President Donald Trump told reporters on Monday he is "very, very close" to making his decision on who should chair the Federal Reserve.

U.S. President Donald Trump told reporters on Monday he is "very, very close" to making his decision on who should chair the Federal Reserve.

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.

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.

How long can this nirvana last for investors?