Federal Reserve Board

Meet the Fed, the latest superpower to emerge from Washington's shadows

2:34pm July 31, 2022

by Ron Elving

Few voters may be thinking of Jerome Powell as they go to the polls in November, but all will be coping with economic conditions strongly influenced by Powell's Federal Reserve Board.

Biden to announce three more Federal Reserve nominees

11:24pm January 13, 2022

by Scott Horsley

Former Treasury official Sarah Bloom Raskin and economists Lisa Cook and Philip Jefferson are the three nominees Biden is expected to announce for the Fed board on Friday.

Federal Reserve Chair Jerome Powell appears before the Senate Banking, Housing and Urban Affairs Committee in July. The Fed is facing a key decision of when to start withdrawing some of the stimulus it has provided to markets during the pandemic.

Economy

It's Called The Bond Taper. Yes, It's Geeky. But This Is Why You Should Know About It

6:38pm August 23, 2021

by David Gura

The Federal Reserve has provided massive support to markets through the pandemic. Now it faces a tricky decision: how to start removing some of that help without triggering a market sell-off.

Judy Shelton appears before the Senate Banking, Housing, and Urban Affairs Committee in February. President Trump's nominee to the Federal Reserve has said she supports the gold standard and has questioned the mission of the central bank.

Senate Blocks President Trump's Controversial Nominee To The Federal Reserve Board

7:18pm November 17, 2020

The 47-50 vote came as Sens. Mitt Romney and Susan Collins sided with Democratic senators to preserve a filibuster of Judy Shelton's confirmation. Two other Republicans missed the vote.

Former Republican presidential candidate Herman Cain addresses the Americans for Prosperity Presidential Forum on Feb. 25, 2012, in Troy, Mich. President Trump says he plans to nominate Cain to a vacant spot on the Federal Reserve Board.

Trump To Recommend Pizza Magnate Herman Cain For Fed Post

5:52pm April 04, 2019

by Scott Horsley

President Trump says he plans to nominate former Godfather's Pizza CEO and GOP White House hopeful Herman Cain to a vacant spot on the Federal Reserve Board.

Jerome Powell, President Trump's pick for chairman of the Federal Reserve, testifying before a Senate committee in November 2017. He was confirmed by the full Senate on Tuesday.

Senate Confirms Jerome Powell As New Federal Reserve Chair

9:36pm January 23, 2018

by Richard Gonzales

Powell, an uncontroversial pick of President Trump, is widely expected to follow the gradual interest rate increase policy of outgoing chief Janet Yellen.

President Trump could ask Janet Yellen to stay on as the Federal Reserve chair, but other names are also circulating.

Next Fed Chair Will Help Determine Pace Of Interest Rate Hikes

6:10pm October 25, 2017

by John Ydstie

President Trump could ask Janet Yellen to stay on as Fed chair, but other names are also circulating. Will the next chief lead the central bank to boost rates more quickly than currently planned?

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Federal Reserve Board Chair Janet Yellen told Congress on Thursday she didn't agree with President-elect Donald Trump's plans for more infrastructure spending and less banking regulation.

Federal Reserve Chair Throws Cold Water On Trump's Economic Plan

5:55pm November 17, 2016

by Chris Arnold

Janet Yellen warned Congress Thursday the timing might not be right for infrastructure spending and questioned Donald Trump's assertions that the Dodd-Frank stock market rules stifle economic growth.

A New York Stock Exchange trader works on the floor on Dec. 17. Stocks rose nearly 300 points after the Federal Reserve announced it plans to begin raising interest rates next year.

Economy Weathers A Bad Winter And Other Storms To Finish 2014 Strong

1:09pm February 17, 2015

by John Ydstie

Early in 2014, the economy was floored by the polar vortex — plus, businesses and consumers were dazed by a government shutdown and debt limit fight. But it rebounded, and analysts are optimistic.

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