Federal Reserve

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?

How long can this nirvana last for investors?

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.

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.

President Donald Trump will host Federal Reserve Chair Janet Yellen for a meeting at the White House on Thursday.

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.