Jun 20 Central bank chiefs of 4 major nations raise trade concerns By Christopher Rugaber, Associated Press The leaders of the central banks of four major economies expressed alarm Wednesday that multiple trade conflicts are threatening to slow global growth. Continue reading
Mar 21 Federal Reserve raises key interest rate, says it expects 2 more hikes this year By Martin Crutsinger, Associated Press These steps show confidence that the economy remains sturdy nearly nine years after the Great Recession ended, officials said. Continue reading
Feb 21 Fed officials: Stronger economy boosts chance for rate hikes By Martin Crutsinger, Associated Press 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. Continue reading
Feb 04 Yellen disappointed not to get a second term as Fed chair By Martin Crutsinger, Associated Press 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. Continue reading
Feb 02 Watch 2:49 What does Friday's sweeping sell-off mean for Wall Street? By PBS News Hour 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… Continue watching
Feb 02 Watch 12:27 Yellen sees long-term growth as she leaves the Federal Reserve, despite bad day for the Dow By Murrey Jacobson 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… Continue watching
Jan 23 Senate approves Jerome Powell as next chair of the Federal Reserve By Martin Crutsinger, Associated Press Powell will succeed Janet Yellen, the first woman to lead the Fed, when her term ends Feb. 3. Continue reading
Nov 28 WATCH: Trump's Fed nominee Jerome Powell testifies at Senate confirmation hearing By Martin Crutsinger, Associated Press Jerome Powell's confirmation hearing is scheduled to begin at 9:45 a.m. ET today. Watch the hearing here. Continue reading
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