Fed set to raise rates as Yellen gives final news conference
Investors seem certain about this: The Federal Reserve is going to raise interest rates this week for the third time this year.
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Yellen says she’ll leave Fed once Powell becomes chairman
Janet Yellen’s decision to leave will give Trump a fourth spot to fill on the Fed’s seven-person Board of Governors in Washington, including a vice chairman spot.
Powell pledges to pursue Fed’s employment, inflation goals
Jerome Powell, President Donald Trump’s pick to lead the Federal Reserve, pledged to pursue the U.S. central bank’s goals of stable prices and maximum employment while keeping a watchful eye on financial sector risks.
Trump to pick Powell as Federal Reserve chairman, sources say
Trump, who has said he’ll announce his pick Thursday, would be choosing a former private-equity executive who favors continuing gradual interest-rate increases and sympathizes with White House calls to ease financial regulations.
Fed leaves key rate unchanged but hints at future hikes
With a new Federal Reserve leader about to be announced, the Fed is hinting that it's preparing to resume raising rates as the economy shakes off the effects of recent hurricanes.
Trump’s top candidate for Fed chair is Powell, sources say
In Jerome Powell, President Donald Trump would be selecting a policymaker with a reputation as a moderate whose stance on interest rate increases would likely deviate little from Janet Yellen’s cautious approach.
Trump wants to make mark on Fed, but could keep ‘terrific’ Yellen
President Donald Trump said he’s narrowed his Federal Reserve decision to “two and maybe three people” and an announcement will come in a “very short period of time.”
Trump says his Fed chair pick will be one of five already named
President Donald Trump said he plans to choose from among five finalists to be the next Federal Reserve chair and will make his decision soon.
Yellen sounds upbeat on economy, signaling likely rate hike
Federal Reserve Chairwoman Janet Yellen on Sunday sketched a bright outlook for the U.S. economy and for inflation prospects in coming months, saying the impact of the recent hurricanes will likely slow economic growth slightly but only temporarily.
Yellen defends banking overhaul passed after 2008 crisis
Federal Reserve Chairwoman Janet Yellen on Friday defended the web of regulations the Fed helped enact after the 2008 financial crisis, disputing criticism that the rules have hurt lending.
A puzzle for central bankers: Solid growth but low inflation
With the prospect of new leadership at the Federal Reserve within months, investors will be listening for any hint of shifting interest rate plans from the policymakers.
Fed leaves rates alone but moves closer to selling off bonds
The Fed noted Wednesday that inflation has stayed undesirably low even though the job market keeps strengthening. Many economists say they foresee no further rate increases this year unless inflation picks up.
Fed leader Yellen tells Congress to expect more rate hikes
Federal Reserve Chairwoman Janet Yellen told Congress on Wednesday that the central bank expects to keep raising a key interest rate at a gradual pace and also plans to start trimming its massive bond holdings this year.
Fed raises key rate, unveils plan to reduce bond holdings
The Federal Reserve has raised its key interest rate for the third time in six months, providing its latest vote of confidence in a slow-growing but durable economy.
Investors watching more than rate hikes from Federal Reserve
There isn’t much suspense about what the Fed will announce regarding a rate hike when its latest policy meeting ends Wednesday. But economic observers are watching for additional reasons.
Expect two more Federal Reserve rate hikes in 2017, economists say
Though widely expected to raise rates this week, Fed policy makers are being pulled in two directions by a spirited drop in unemployment this year and a surprisingly listless reaction in wages and prices.
Fed leaves rates unchanged but signals further hikes ahead
A statement the Fed issued Wednesday after its latest policy meeting noted that the economy slowed sharply during the January-March quarter but that it expects that slump to be “transitory.”
Yellen says economy close to achieving Federal Reserve goals
Federal Reserve Chairwoman Janet Yellen did not specifically address the timing for future rate hikes, but her remarks support the view that future hikes are coming.
Federal Reserve hikes key rate for second time in three months
The move reflects a consistently solid U.S. economy and will likely mean higher rates on some consumer and business loans.
Yellen signals Federal Reserve likely to raise rates this month
Federal Reserve Chairwoman Janet Yellen said in a speech in Chicago that the Federal Reserve expects steady economic improvement to justify additional rate increases.