Tag: Federal Reserve

Federal Reserve Board Chairman Jerome Powell took office in February, replacing Janet Yellen, who left office having won plaudits for her stewardship of an economic recovery that produced low inflation and steady job growth

Fed Chief Jerome Powell Goes Populist

Federal Reserve chairman Jerome Powell wants to make America’s central bank easier to understand and more open to the public.

Jerome Powell

Fifth Third Deal Flashes a Warning Sign for Banking

Fifth Third’s $4.7 billion deal to purchase Chicago’s MB Financial is a sign that large regional banks are feeling pressure to grow and believe the regulatory environment has turned positive for bank mergers and acquisitions.

closed-factory-packard-plant-ny-stock-exchange-wall-street-ap-getty

Virgil — The Two Americas: One America Grows and Profits, the Other Shrinks and Dies

The headline in the November 19 Wall Street Journal put the matter plainly: There are “Two Americas.” One America that gains from globalization, and another much larger America that loses from globalization. And as we now know, this cleaving of the nation is not just a matter of economics, it’s also a matter of life and death.

FILE - In this Wednesday, Sept. 20, 2017, file photo, Federal Reserve Chair Janet Yellen speaks at a news conference following the Federal Open Market Committee meeting in Washington. On the day when Yellen will hold her final news conference as Federal Reserve chair, the Fed has left little doubt …

Federal Reserve Expected to Raise Rate Target

The Federal Reserve will almost certainly raise its short-term interest rate target by a quarter percentage point at the conclusion of its two-day policy meeting Wednesday.

The US Federal Reserve said recent hurricanes are "inflicting severe hardship" but that the economic impact will likely only be short-term

Trump Likely to Choose Powell and Taylor for Top Fed Roles

President Donald Trump is leaning toward appointing both Standford University economist John Taylor and former investment Jerome “Jay” Powell to top positions at the Federal Reserve, according to people familiar with the president’s thinking.

Janet Yellen

WSJ Ed Board: The Federal Reserve Needs an Outsider for Chairman, Not Yellen or Powell

Two of Donald Trump’s front-runners for Fed Chairman represent “the monetary policies that have favored the affluent and done little or nothing for the real economy,” says the Wall Street Journal’s Editorial Board. Current Chair Janet Yellen and Fed Board alum Jay Powell are, according to the publication, a continuation of the same failed Fed policies that led “so many working-class voters [to turn] to Mr. Trump in 2016.”