U.S. consumer credit increased $16.9 billion in October, down from a $27.8 billion gain in September, according to Federal Reserve data released Tuesday. Economists had been expecting a $25 billion gain, according to the Wall Street Journal forecast. That's an annual growth rate of 4.7% in Octobe...
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Fed Chairman Jerome Powell said Wednesday he doesn't think slowing down and ending asset purchases will disrupt financial markets.
Fed Chairman Jerome Powell said Tuesday he thought a discussion of a faster pace of tapering was appropriate given the strong economy and inflation pressures.
Federal Reserve Chairman Jerome Powell discussed in a Senate hearing the factors driving continued inflation and the risk the Omicron variant poses for the economy. Photo: Al Drago/Bloomberg News
President Joe Biden is considering Richard Cordray, who served as the first director of the Consumer Financial Protection Bureau, to be the Federal Reserve's top banking regulator, the Wall Street Journal reported Tuesday,...
Fed Chairman Jerome Powell said Monday the emergence of the omicron variant poses a risk to economic growth and adds to the uncertainty for inflation.
Federal Reserve officials expressed greater worries about a big surge in U.S. inflation at their meeting earlier this month and raised the possibility of ending bond purchases sooner than they planned if high prices persis...
San Francisco Fed President Mary Daly said Wednesday she is open to a faster taper of asset purchases if economic trends continue.
The Federal Reserve should be open to be talking about slowing down its asset purchases at a faster pace, said Atlanta Fed President Raphael Bostic on Monday.
President Joe Biden has decided to give Fed Chairman Jerome Powell a second four-year term, the White House said Monday.
Investors take comfort with Powell remaining at the help and Lael Brainard as vice chair, with no word yet on successor to vice chair of supervision, a key role for banking regulations.
President Joe Biden on Monday said his renomination of Jerome Powell to head the Federal Reserve would bring stability to the nation's central bank as the U.S. continues to recover, rejecting calls that the institution nee...
Now that President Joe Biden has announced his intention renominate Jerome Powell as chairman of the Federal Reserve, speculation is widespread on Wall Street and in Washington over whom else Biden will name to serve at th...
Better the devil you know than the devil you don't, the saying goes. The how Wall Street views the prospect of Jerome Powell leading the Federal Reserve for another four years.
New York Fed President John Williams on Wednesday defended the Fed’s new strategy for inflation from critics who say it is holding the central bank from taking obvious moves to bring cool prices.
The Federal Reserve may need to pivot to a faster tapering of its bond purchase program based, in part, on high inflation readings, said Fed Governor Christopher Waller on Friday.
