Nov 02 Watch 8:07 What priorities will Jerome Powell bring to the Federal Reserve? By PBS News Hour 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… Continue watching
Nov 02 Who is Jerome Powell, Trump’s pick to lead the Federal Reserve? By Gretchen Frazee, Daniel Bush Jerome Powell, President Donald Trump's pick to replace Janet Yellen as Federal Reserve chairman, would bring a unique educational background to the top spot at the U.S. central bank. Continue reading
Nov 02 WATCH: Donald Trump names Jerome Powell as Federal Reserve chair nominee By Ken Thomas, Associated Press Jerome Powell spent years working at investment firms. Unlike the past three Fed leaders, he doesn't have a doctorate degree in economics. Continue reading
Jul 18 Column: What does it mean when the Fed says it should ‘normalize’? By Benjamin M. Friedman As the economy has returned to normal following the financial crisis and the unusually steep recession that it triggered, the Federal Reserve now represents its intended course as “normalizing” monetary policy. Harvard's Ben Friedman explains what the Fed means by… Continue reading
Jul 12 Watch 3:37 News Wrap: Yellen signals likely interest rate hike By PBS News Hour In the our news wrap Wednesday, Federal Reserve Chair Janet Yellen affirmed that short-term interest rates are likely to rise again in the coming months, but left the door open to change those plans. Also, Brazil's former president was convicted… Continue watching
Jun 14 Column: 5 ways higher interest rates could affect you By Teresa Ghilarducci The Federal Reserve moved to raise short-term interest rates on Wednesday. What does that mean for American households and American workers?… Continue reading
Apr 06 Watch 7:47 Outgoing Fed official sees room for banking rule changes, but fears financial crisis forgetfulness By PBS News Hour Federal Reserve governor Daniel Tarullo was central to the implementation of the Dodd-Frank Act, which imposed tougher regulations on banks in the wake of the financial crisis. Though his term isn't up until 2022, Tarullo is now stepping down, just… Continue watching
Mar 15 Federal Reserve raises key interest rate after solid jobs report By Kristen Doerer For the second time in three months, the Federal Reserve decided to raise its key interest rate a quarter point today. Continue reading
Dec 14 Watch 4:32 Raising interest rate, Fed sees stronger economy and faces uncertain policy By PBS News Hour The Federal Reserve hiked a benchmark interest rate on Wednesday. Largely expected but only the second time since 2008, it was a big deal for Fed Chair Janet Yellen to make the announcement. Why now? Jeffrey Brown speaks with Diane… Continue watching
Dec 14 Federal Reserve raises key interest rate and signals more to come in 2017 By Kristen Doerer The Federal Reserve decided today to raise its benchmark interest rate .25 percent, a move widely expected by investors and economists. So what does the move mean for you?… Continue reading