President Donald Trump announced plans today to nominate Jerome Powell for chairman of the Federal Reserve, replacing sitting chair Janet Yellen.
President Donald Trump is set to nominate Federal Reserve governor Jerome Powell as the Fed’s next chairman, according to a new report.
Janet Yellen’s term as chair of the Federal Reserve expires in February 2018—but she would not give a yes or no answer when asked if she would serve another term.
The policy-making arm of the Federal Reserve is raising interest rates a quarter of a percentage point for the third time in six months.
The policy-making arm of the Federal Reserve has decided to keep interest rates steady in the target range of 0.75 to 1 percent.
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.