White House Nominates Diverse Slate of Candidates to Fed Board
President Biden nominated three new Federal Reserve officials on Friday as he seeks to remake the central bank at a critical economic moment, announcing a slate of candidates that would…
Biden Will Nominate Three New Fed Officials
The nominees would bring more diverse leadership to the Fed, which has struggled to expand its ranks.President Biden plans to nominate three new Federal Reserve officials as he seeks to…
Lael Brainard predicts that the Fed will engineer a soft economic landing.
Lael Brainard, a Federal Reserve governor whom President Biden has nominated to be the central bank’s new vice chair, said the Fed would communicate its plans for removing economic support…
Lael Brainard, Nominee for Fed Vice Chair, Calls Inflation ‘Too High’
Lael Brainard, a Federal Reserve governor whom President Biden has nominated to be the central bank’s new vice chair, plans to tell lawmakers that the central bank will use its…
Consumer Prices Jumped at Fastest Pace Since 1982
Inflation closed out 2021 on a high note, troubling news for the Biden White House and for economic policymakers as rapid price gains erode consumer confidence and cast a shadow…
Powell Says the Fed Will Tighten Trading Rules After Ethics Scandal
Jerome H. Powell, the chair of the Federal Reserve, told lawmakers on Tuesday at his nomination hearing that the central bank was making changes to rules surrounding financial trades to…
Watch Live: Fed Chair Jerome Powell's Confirmation Hearing
Jerome H. Powell, the Federal Reserve chair, said that a rapidly-healing economy no longer needed as much help from the central bank and emphasized that controlling inflation — which he…
Richard Clarida Is Resigning From the Fed Early After New Questions on Trades
Richard H. Clarida, the Federal Reserve’s vice chair, announced on Monday that he would resign from his position two weeks earlier than planned. While he did not give a reason,…
Jerome Powell Will Acknowledge Inflation’s Toll in Senate Testimony
Jerome H. Powell, the Federal Reserve chair whom President Biden has nominated for a second four-year term, is set to tell senators on Tuesday that central bankers will use their…
Senator Elizabeth Warren Presses Fed for More Information on Officials' Trades
Senator Elizabeth Warren, Democrat of Massachusetts, asked the Federal Reserve in a letter sent Monday to release more information about a series of financial trades that several top officials made…
As Unemployment Falls, Interest Rate Increases Creep Nearer
New data showing that the unemployment rate is falling and wages are rising is expected to cement — and maybe even hasten — the Federal Reserve’s plan to begin raising…
A Fed Official’s 2020 Trade Drew Outcry. It Went Further Than First Disclosed.
Corrected disclosures show that Vice Chair Richard H. Clarida sold a stock fund, then swiftly repurchased it before a big Fed announcement.Richard H. Clarida, the departing vice chair of the…
Fed Officials Discussed Raising Rates Sooner and Faster, Minutes Show
Federal Reserve officials suggested that they might withdraw support for the economy more quickly than policymakers had previously expected, minutes from their December meeting showed, as a moment of uncomfortably…
Democrats Blast Corporate Profits as Inflation Surges
Politicians are placing more blame on greedy companies as prices stay high. But booming consumer demand is enabling firms to charge more.Inflation remains rapid as the economy enters 2022, and…
What Social Trends Told Us About the American Economy in 2021
If 2020 was the year that made Zoom a verb and imbued the phrase “online dating” with new meaning, 2021 was its annoying younger sibling. Things were not quite as…
PCE Index Hit Highest Level in November Since 1982
Federal Reserve policymakers are finishing a year that has been colored by surprisingly high inflation with yet another piece of bad news: The price measure they follow most closely touched…
Lingering Virus, Lasting Inflation: A Fed Official Explains Her Pivot
Mary Daly, president of the Federal Reserve Bank of San Francisco, wanted to withdraw economic help slowly. Now, she might support a rate increase as soon as March.SAN FRANCISCO —…
Fed Official Says Plan to Cut Economic Support Won’t Speed Up Again
A top Federal Reserve official on Friday suggested he did not expect that the central bank would need to move more quickly to end its bond-buying program than it had…
Fed Could Raise Rates 3 Times in 2022 and Speeds End of Bond-Buying
With the economy healing, but price gains pinching consumers, officials are dialing back bond purchases and getting in position to raise interest rates (three are possible next year).Economic projections show…
What Causes Inflation and Should I Worry About It?
What is inflation, why is it up and whom does it hurt? A run through common questions about the ongoing price burst.Inflation has become central to the American zeitgeist in…
The Fed Meets Amid Faster Inflation and Prepares to React
The Federal Reserve could announce plans to cut economic support faster, and may signal 2022 rate increases, at its Dec. 14-15 meeting.Federal Reserve officials, worried about rising costs and buoyed…