Federal Reserve

President Trump said on Friday that he will nominate conservative TV commentator and former Trump campaign adviser Stephen Moore to the Federal Reserve Board.

Economists Forecast Stephen Moore Wouldn't Be Good For Fed Post

1:23pm March 28, 2019

by Scott Horsley

President Trump's pick for a seat on the Federal Reserve Board is drawing mounting criticism from economists of all stripes. Moore says he has the right experience, but critics fault his track record.

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Stephen Moore, a conservative commentator and former Trump campaign adviser, has joined the president in criticizing the Federal Reserve.

Trump To Nominate Stephen Moore To The Fed. Both Say It Raised Rates Too Much

10:45pm March 22, 2019

by Jim Zarroli

Moore, a conservative commentator and former Trump campaign adviser, has joined the president in criticizing the central bank. "The Fed is sucking the oxygen out of the economy," Moore has said.

Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee on Feb. 26. "It may be some time before the outlook for jobs and inflation calls clearly for a change in policy," he said Wednesday.

Fed Signals Rate Hikes May Be Over For 2019

5:50pm March 20, 2019

by Scott Horsley

The Federal Reserve left interest rates unchanged Wednesday and signaled that no more rate hikes may be necessary this year amid signs of economic slowing.

Federal Reserve Chairman Jerome Powell has said the central bank can afford to be patient on further rate increases.

Economy

Fed Says U.S. Growth Is 'Solid,' Keeps Interest Rates Unchanged

5:30pm January 30, 2019

by Avie Schneider

The labor market continues to get stronger and the economy is growing at a solid rate, the Federal Reserve said. The central bank also said it will be patient as it decides on future rate increases.

Even the Federal Reserve has noticed ghosting, which it defines as "a situation where a worker stops coming to work without notice and then is impossible to contact."

In A Hot Labor Market, Some Employees Are 'Ghosting' Bad Bosses

9:47pm January 25, 2019

by Emily Sullivan

More employers say they're being "ghosted," the Federal Reserve noted recently. That's when a worker just stops coming to work and is impossible to contact. The strong economy may help explain it.

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Federal Reserve Board Gov. Lael Brainard says a growing body of research suggests that diversity leads to better decision-making.

The Push To Break Up The Boys' Club At The Fed

9:43am January 13, 2019

by Lily Jamali

At a time when more women than men are graduating from college and earning doctorates, just a third of Ph.D.s in economics go to women. Now there's an effort to increase women economists at the Fed.

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Federal Reserve Board Chairman Jerome Powell speaks during a Rural Housing Assistance Council Awards Reception, on Dec. 6 in Washington, D.C.

Politics & Government

Fed Raises Rates Despite Trump Attacks, Stocks Tank

3:23pm December 19, 2018

by Emily Sullivan

The U.S. Federal Reserve is raising the benchmark borrowing rate to a range of 2.25 percent to 2.50 percent, a move that would put it at the highest level in a decade.

Shoppers walk past a Saks Fifth Avenue outlet store in Miami on Black Friday. Millennials have lower earnings, fewer assets and less wealth, a new Federal Reserve study says.

Why Aren't Millennials Spending? They're Poorer Than Previous Generations, Fed Says

10:25am November 30, 2018

by Emily Sullivan

Millennials are less well off than members of earlier generations when they were young. They have lower earnings, fewer assets and less wealth, a new Federal Reserve study says.

In a speech to the Economic Club of New York on Wednesday, Federal Reserve Chairman Jerome Powell said interest rates are just below the range of estimates that would be "neutral" for the economy.

Economy

Fed Chief's Remarks On Economy And Interest Rates Cheer Investors

4:09pm November 28, 2018

by Jim Zarroli

Federal Reserve Chairman Jerome Powell said that the outlook for the U.S. economy remains solid and that interest rates are nearly within a "neutral" range, touching off a surge in stock prices.

Federal Reserve Board Chairman Jerome Powell, seen before a Senate committee hearing in July. The Fed announced another interest rate bump Wednesday on the strength of a healthy economy.

The Fed Just Raised Its Rate Again. When Will It Start To Hurt Consumers?

4:50pm September 26, 2018

by Colin Dwyer

Bullish stocks, low unemployment, high confidence — from most angles, the economy is strong. But questions linger as the Federal Reserve raises interest rates for the third time in 2018.