President Donald Trump is leaving the possibility open for allowing Janet Yellen to remain the chairwoman of the Federal Reserve instead of replacing her, according to the Wall Street Journal.
The policy-making arm of the Federal Reserve is raising interest rates a quarter of a percentage point for the second time in three months.
Raphael Bostic, the newly appointed president of the Federal Reserve Bank of Atlanta, has donated $5,476 to Democrats, including former President Barack Obama and presidential candidate Hillary Clinton, according to information obtained from OpenSecrets.
The Trump administration is searching for a candidate to fill the position of vice chairman for supervision at the Federal Reserve, according to the Wall Street Journal.
Federal Reserve Chair Janet Yellen said on Tuesday that the Fed will begin to shrink its $4.45 trillion balance sheet when the central bank is confident the economy is on a solid course.
A former staffer at the Federal Reserve Bank of Dallas has criticized the central bank, saying economists employed there don’t know how finance and the economy works, the Wall Street Journal reported.
The policy-making arm of the Federal Reserve has decided to keep the federal funds rate at a range of 0.5 to 0.75 percent at its February meeting.
The policy making arm of the Federal Reserve is raising the federal funds rate the first time this year by a quarter of a percentage point to a range of 0.5-0.75 percent.
New York Fed President William Dudley said that he sees a smaller role for the Federal Reserve’s monetary policy going forward and instead sees a larger role for fiscal policy.
Federal Reserve Governor Daniel Tarullo said the Fed may hike interest rates at its next meeting and will make its decision based on the impact of President-elect Donald Trump’s fiscal policies.