Federal Reserve

While the results of last month's election signal big changes in U.S. government policy, at least one Federal Reserve official isn't yet factoring this into his economic and interest rate projections.

While the results of last month's election signal big changes in U.S. government policy, at least one Federal Reserve official isn't yet factoring this into his economic and interest rate projections.

The U.S. economy continued to expand in October and November, the Federal Reserve said on Wednesday in its anecdotal Beige Book report.

The U.S. economy continued to expand in October and November, the Federal Reserve said on Wednesday in its anecdotal Beige Book report.

The U.S. economy needs higher interest rates although theFederal Reserve will closely scrutinize the expected changes in America's fiscal, trade and immigration policies, Cleveland Fed President Loretta Mester said on Wednesday.

The U.S. economy needs higher interest rates although theFederal Reserve will closely scrutinize the expected changes in America's fiscal, trade and immigration policies, Cleveland Fed President Loretta Mester said on Wednesday.

Federal Reserve policymakers should put less emphasis publicly on the short-term outlook for interest rate increases and more on the economics driving monetary policy and the uncertainty of forecasts, Fed Governor Jerome Powell said on Wednesday.

Federal Reserve policymakers should put less emphasis publicly on the short-term outlook for interest rate increases and more on the economics driving monetary policy and the uncertainty of forecasts, Fed Governor Jerome Powell said on Wednesday.

John Allison, former CEO of BB&T, said he would like to “get rid of the Fed,” and blamed the central banking system for playing a “major role” in the housing crisis of the mid to late 2000s.

John Allison, former CEO of BB&T, said he would like to “get rid of the Fed,” and blamed the central banking system for playing a “major role” in the housing crisis of the mid to late 2000s.

Federal Reserve governor Jerome Powell said Tuesday that the case for raising interest rates has strengthened since the central bank's rate-setting committee met earlier this month.

Federal Reserve governor Jerome Powell said Tuesday that the case for raising interest rates has strengthened since the central bank's rate-setting committee met earlier this month.

Federal Reserve officials earlier this month believed it would be appropriate to raise a key interest rate "relatively soon," with some arguing for a hike at the Fed's next meeting in December in order to preserve the Fed's credibility.

Federal Reserve officials earlier this month believed it would be appropriate to raise a key interest rate "relatively soon," with some arguing for a hike at the Fed's next meeting in December in order to preserve the Fed's credibility.

Turkey's Central Bank has raised its interest rates, a move experts say is meant to support the currency after steep drops recently.

Turkey's Central Bank has raised its interest rates, a move experts say is meant to support the currency after steep drops recently.

The new year is soon approaching and if you are counting on a big raise in 2017, you may be disappointed.

The new year is soon approaching and if you are counting on a big raise in 2017, you may be disappointed.

Japanese shares rose Friday on the yen's weakness while other Asian benchmarks wobbled after Fed chair Janet Yellen signaled that policymakers intend to raise interest rates soon.

Japanese shares rose Friday on the yen's weakness while other Asian benchmarks wobbled after Fed chair Janet Yellen signaled that policymakers intend to raise interest rates soon.