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Little to no relief from high borrowing costs expected as Fed Chair Powell heads to the Hill
Read full article: Little to no relief from high borrowing costs expected as Fed Chair Powell heads to the HillThe odds of further interest rate cuts this year by the Federal Reserve dwindled last week as unemployment fell and more officials say they want to see how new policies from the White House affect the economy.
Federal Reserve says it will leave climate change organization
Read full article: Federal Reserve says it will leave climate change organizationThe Federal Reserve said Friday that it is leaving an international grouping of central banks that focused on how the financial system could help combat climate change.
Richmond Fed president urges caution on interest rate cuts because inflation isn't defeated
Read full article: Richmond Fed president urges caution on interest rate cuts because inflation isn't defeatedA Federal Reserve official says he supports reducing the central bank’s key interest rate somewhat from its current level.
3 officials sworn in at Federal Reserve, as governing board reaches full strength
Read full article: 3 officials sworn in at Federal Reserve, as governing board reaches full strengthFederal Reserve Chair Jerome Powell swore in three members of the central bank’s governing board Wednesday, including Philip Jefferson as vice chair and Adriana Kugler to fill a vacant seat as the central bank’s first Latina governor.
Biden's 3 Federal Reserve nominees appear likely to win Senate approval
Read full article: Biden's 3 Federal Reserve nominees appear likely to win Senate approvalPresident Joe Biden’s three nominees for the Federal Reserve’s Board of Governors pledged to fight inflation during a confirmation hearing that drew only modest pushback from Republican members of the Senate Banking Committee.
Biden taps Philip Jefferson to be Fed's vice chair, Adriana Kugler as first Hispanic on Fed board
Read full article: Biden taps Philip Jefferson to be Fed's vice chair, Adriana Kugler as first Hispanic on Fed boardPresident Joe Biden has nominated Philip Jefferson, a member of the Federal Reserve’s Board of Governors, to serve as vice chair of the board.