The U.S. Federal Reserve raised interest rates on Wednesday, as expected, but forecast fewer rate hikes next year and signaled its tightening cycle is nearing an end in the face of financial market volatility and slowing global growth.
Entrepreneurship is negatively impacted by higher corporate tax rates, according to a study from the Federal Reserve.
Today, the Senate Banking Committee voted to recommend Jerome Powell as Federal Reserve chairman. His nomination will next move for a full vote on the Senate floor.
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.