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
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