Tag: Federal Reserve

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.”