Central bank chiefs of 4 major nations raise trade concerns
The leaders of the central banks of four major economies expressed alarm Wednesday that multiple trade conflicts are threatening to slow global growth.
Federal Reserve raises key interest rate, says it expects 2 more hikes this year
These steps show confidence that the economy remains sturdy nearly nine years after the Great Recession ended, officials said.
Fed officials: Stronger economy boosts chance for rate hikes
Federal Reserve officials at their January meeting believed that a brightening global economic picture and the effects of recently passed tax cuts had raised the prospect for solid growth and continued interest rate increases.
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 over on Monday.
Stocks plunged on Friday over fears that the Federal Reserve will accelerate interest rate hikes. The sell-off was driven by news that the economy added a net of 200,000 jobs in January, with wages rising at the fastest pace in…
Outgoing Federal Reserve Chair Janet Yellen has seen economic growth and the longest job expansion on record on her watch. She sits down with Judy Woodruff on her final day in office in a rare interview to share her overall…
Powell will succeed Janet Yellen, the first woman to lead the Fed, when her term ends Feb. 3.
Jerome Powell's confirmation hearing is scheduled to begin at 9:45 a.m. ET today. Watch the hearing here.
President Trump announced Jerome Powell as his nominee to be the new chair of the Federal Reserve, replacing Janet Yellen in early 2018. With a background in law and finance, Powell would be the first Fed chair in almost forty…
