Fed Chairman

WASHINGTON | Trump puts forward 2 more nominees for Fed board

WASHINGTON  | April 16, 2018 (AP)(STL.News)   President Donald Trump has selected Columbia University professor Richard Clarida to be vice chairman of the Federal Reserve and Kansas bank commissioner Michelle Bowman to fill another vacancy on the Fed’s seven-member board. The two nominations are the latest steps in Trump’s efforts to remake the seven-member Fed board, … Continue reading WASHINGTON | Trump puts forward 2 more nominees for Fed board

Trump crowdsources GOP senators on choice for Fed chair

WASHINGTON/October 24, 2017 (AP)(STL.News) — President Donald Trump asked for a show of hands from Republican senators as he nears a decision on naming a new head of the Federal Reserve, the most critical personnel choice affecting the economy that he’ll make in his presidency. Trump made the request during a lunch with GOP senators … Continue reading Trump crowdsources GOP senators on choice for Fed chair

Yellen signals the Fed will likely raise rates this month

WASHINGTON/March 3, 2017 (AP)(STL.News) — Federal Reserve Chair Janet Yellen signaled Friday that the Fed will likely resume raising interest rates later this month to reflect a strengthening job market and inflation edging toward the central bank’s 2 percent target. Yellen also said in a speech in Chicago that the Fed expects steady economic improvement … Continue reading Yellen signals the Fed will likely raise rates this month

The Latest: Fed forecasts set to be the market focus

WASHINGTON (AP)(STL.News) — The Latest on the Federal Reserve’s monetary policy meeting (all times local): 7:35 a.m. U.S. shares are set to open flat as traders await the outcome of the Federal Reserve’s final policy meeting of the year. With financial markets pricing in a quarter-point rate hike as a near-certainty, more interest will focus … Continue reading The Latest: Fed forecasts set to be the market focus

Fed expected to raise rates for first time in a year

Rate increase is expected by the Fed WASHINGTON (AP)(STL.News) The Federal Reserve is expected to raise its key interest rate for the first time in a year when its policy meeting ends Wednesday. The move would lift the rate by a quarter point to a range between 0.5 percent and 0.75 percent, likely nudging up … Continue reading Fed expected to raise rates for first time in a year