Federal Reserve

Warren to Trump nominee: 'It would be a mistake to put you on the Fed board'

• <b>Donald Trump's Fed board nominee, Marvin Goodfriend, got an earful from Democratic senators during his confirmation hearing.</b>• <b><br>Senators Warren, Menendez pointed to Goodfriend's spotty forecasting record, including premature arguments for the Fed to raise interest rates when the unemployment rate was</b> …

Business

Why massive upheaval at Fed is unlikely to stop bank from three rate hikes in 2018

The Federal Reserve is undergoing perhaps its biggest shakeup in leadership since it was created 104 years ago, a changing of the guard that could …

Economy

Senate confirms Jay Powell as Federal Reserve chair

Jay Powell has been confirmed by the US Senate to serve as the next chairman of the Federal Reserve Board, setting him up to succeed Janet Yellen at …

Economy

The Weak U.S. Dollar: The Trilemma At Work?

The weakness of the US dollar in foreign exchange markets continues, and the weakness continues to baffle both traders and analysts.<p>The behavior of …

Economy

Does the world economy look too good?

<b>There are two types of people at this year's Davos. Those who think the global outlook looks good and those who think it looks too good.</b><p>Axel Weber, the chairman of investment bank UBS summed it up nicely when he told a Davos audience that things are buoyant - too buoyant.<p>In one camp are the people …

Economics

Who is Jerome Powell? Here's all you need to know about new Fed chairman

US Senate confirmed former investment banker Jerome Powell as head of the Federal Reserve, putting President Donald Trump's pick in a role of …

Economy

Senate Democrats attack Fed nominee Goodfriend for saying he was worried about 7% unemployment

Several Senate Democrats on Tuesday suggested they would oppose Marvin Goodfriend, President Trump’s pick to join the Federal Reserve Board, …

Economy

US Senate confirms Powell as next Fed chairman

The United States Senate on Wednesday confirmed Jerome H Powell as the next chairman of the Federal Reserve, a powerful post having an influence on …

Economy

Is the financial market becoming a 'global brain'?

Henri Waelbroeck is VP, Director of Research for Portfolio Management & Trading Solutions, FactSet.<p>The financial market is an ecology of market …

Ray Kurzweil

Fed Nominee Goodfriend Set to Face Senators’ Questions at Confirmation Hearing

Marvin Goodfriend, nominated to be a Federal Reserve governor, has testified before Congress in the past<p>Marvin Goodfriend, who has been nominated for a seat on the Federal Reserve Board of Governors, heads to Capitol Hill on Tuesday for his Senate Banking Committee confirmation hearing. President …

U.S. Congress

DIARY-Top Economic Events to March 22

© Reuters. DIARY-Top Economic Events to March 22<p>Jan 24 (Reuters) -<p>For other diaries, please see:<p>U.S. Federal Reserve<p>FED/DIARY<p>Polling Unit …

Economy

Go Slow on New Bank Regulations

The Minnesota Fed wants to make banks safer. Fine. But beware of inflicting short-term pain for uncertain gain.<p>Ten years ago, Neel Kashkari was the Treasury department official in charge of the Troubled Asset Relief Program that bailed out the biggest U.S. banks. Now, as president of the Federal …

Economy

The 7 essential rules of saving

<i>This story is part of a broader Chase initiative to encourage Americans to save more money.</i><p>We all know that having a healthy savings account and …

Personal Finance

Senate confirms Jerome Powell as Fed chair

The U.S. Senate on Tuesday voted to confirm Jerome Powell as the next chairman of the Federal Reserve.<p>Powell will assume the role of the central bank’s top official in February, replacing Janet Yellen.<p>President Donald Trump chose Powell, a member of the Fed’s board of governors, as his nominee for …

Economy

Fed nominee Goodfriend: Current Fed policy "more or less" on right course

<i>0</i><p>Recent Alerts<p>Sign up to create alerts for Instruments, Economic Events and content by followed authors<p>Free Sign Up<p>Already have an account? Sign …

World Economy

Philly area firms fear they can't find enough skilled workers, Fed survey shows

Philadelphia-area companies have big plans for hiring in 2018 but don’t know if they will find enough skilled applicants as the labor market …

Economy

Misunderstanding Technology Can Be Dangerous - Weekly Blog #507

Introduction<p>Investors do not understand the current stock markets. Globally most stock markets are rising and most have reported record highs in …

Business

Liberal Group Calls Democrats 'Weak-Kneed' After Shutdown Compromise

Click here to get the Capital Journal Daybreak newsletter delivered to your inbox.<p>Senate Minority Leader Chuck Schumer (D., N.Y.) and Senate Majority Leader Mitch McConnell (R., Ky.) reached a deal Monday on a three-week spending bill to reopen the government. Democrats and Republicans sought to …

Politics

Goodfriend to Face Senate Questions at Fed Confirmation Hearing

Marvin Goodfriend, who has been nominated for a seat on the Federal Reserve Board of Governors, heads to Capitol Hill on Tuesday for his Senate Banking Committee confirmation hearing. President Donald Trump nominated the Carnegie Mellon professor and former Richmond Fed economist in November.<p>Mr. …

U.S. Politics

Treasury yields nudge higher as government shutdown continues

The selloff in U.S. Treasurys slowed on Monday, with yields flat to a shad e higher, after the government entered the third day of its shutdown and …

Economy

Behind the Money Curtain: A Left Take on Taxes, Spending and Modern Monetary Theory

Photo by CafeCredit.com | CC BY 2.0<p><i><br>Taxes do not fund government spending</i>.<p>That’s a core insight of Modern Monetary Theory (MMT) whose radical …

Economics

Guess Where the U.S. Government Got This $80.2 Billion Windfall

The source will surprise you. But don't count on it lasting.<p>With the exception of a few years in the late 1990s and early 2000s, the U.S. government …

Economy

Why Has Inflation Been So Subdued?

<i>By Bluford Putnam</i><p>With unemployment low and inflation expectations creeping higher, the U.S. Federal Reserve (Fed) may hike rates two or three times …

Economy

Don't Get Too Comfortable About Consumer Debt

One big debate on Wall Street today is whether consumers have taken on too much debt or if economic growth and a strong job market have effectively bailed them out.<p>By the third quarter of 2017, total household debt had exceeded its pre-financial crisis peak by $280 billion, according to a report by …

Business

Women are underrepresented in economics textbooks, says a new analysis, with implications for the field's gender imbalance

Economics remains dominated by men, both in terms of faculty members and students. New research suggests that while economics textbooks aren’t …

Gender

Job growth to continue 'robustly' says Federal Reserve Atlanta President Bostic

The job growth that has benefited Tennessee in recent years is expected to continue, said Federal Reserve Bank of Atlanta President Raphael Bostic on …

Economy

Trump Administration Requests $0 In Funding For Consumer Protection Agency

The Trump administration requested $0 in second quarter funding for the Consumer Financial Protection Bureau (CFPB), and will instead rely on reserves to fund the federal agency.<p>“This letter is to inform you that for second quarter of fiscal year 2018, the [CFPB] is requesting $0,” Mulvaney wrote …

Sherrod Brown

Two Federal Reserve Openings Provide One Chance to Counter Trump

WASHINGTON — The Federal Reserve is facing a significant change in leadership that goes beyond the installation of a new chairman. It is also awaiting the appointment of two other top officials who will play a crucial role in shaping Fed policy.<p>President Trump, who has already nominated Jerome H. …

Economy

How Low Is The Unemployment Rate, Really?

<i>By John Robertson</i><p>In 2017, the unemployment rate averaged 4.4 percent. That's quite low on a historical basis. In fact, it's the lowest level since …

Economy

US banks’ mission to boost investor payouts sparks concern

Michael Corbat was quite clear. The $22bn charge that Citigroup just took due to the overhaul of US tax laws would not — repeat not — spoil the …

Economy