How the market’s turmoil could affect Fed’s rate decisions
Wall Street has thrown a rather sour welcoming party for Jerome Powell.
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Yellen disappointed not to get a second term as Fed chair
Janet Yellen said she was disappointed that President Donald Trump didn't offer her a second term as Federal Reserve chair, but supports her central bank successor, Jerome Powell, who takes...
Fed survey finds solid growth and rising wages
The Federal Reserve reported Wednesday that the economy was growing at a moderate pace at the start of the year, with the majority of business contacts optimistic about prospects for...
Transcripts show Fed divided in 2012 over bond purchases
Transcripts released Friday show sharp divisions inside the Federal Reserve in 2012 over the need for a third round of bond purchases to boost a lagging economy.
Fed officials expect economic boost from tax cuts
Federal Reserve policymakers largely agreed last month that the U.S. tax overhaul would likely benefit the economy, but they were split on whether the resulting growth would warrant a faster...
Fed boosts benchmark rate for third time this year
The Federal Reserve is raising its benchmark interest rate for the third time this year, signaling its confidence that the U.S. economy remains on solid footing 8½ years after the...
Powell casts himself as a figure of stability for Federal Reserve
Jerome Powell says that if confirmed as the next chairman of the Federal Reserve, he expects the Fed to continue raising interest rates gradually to support its twin goals of...
Applications for U.S. unemployment benefits edge up by 10,000
The number of Americans filing applications for unemployment benefits edged up slightly to a still-low 239,000 last week
Powell top candidate for Fed chair, says administration official
Jerome "Jay" Powell, a member of the Federal Reserve's board, is President Donald Trump's leading candidate to replace Janet Yellen as the head of the nation's central bank, with an...
U.S. consumer spending surged 1 percent in September
Consumers boosted their spending by 1 percent in September, the biggest gain in eight years. The surge was fueled by robust demand across sectors, especially autos in the wake of...