Jerome Powell

The Fed raised its benchmark interest rate Wednesday as expected, and included more hawkish language in a statement indicating a stronger economic outlook. In its seventh rate hike since December 2015, the central bank raised the federal funds rate a quarter percentage point to a range of 1.75...

The Federal Reserve proposed Wednesday to begin loosening the Volcker Rule, a key safeguard against a repeat of the 2008 financial crisis. The rule prohibits banks with federally backed deposit insurance from making speculative market bets, conducting proprietary trading and investing in hedge...

Federal Reserve officials met for the first time under new Fed Chairman Jerome Powell this week. What Happened The Fed raised the benchmark interest rate by one-quarter of a point to a range of 1.5 percent to 1.75 percent. The discount rate was raised from 2 percent to 2.25 percent. The...

New Federal Reserve Chairman Jerome Powell testified before Congress last week, stoking speculation the central bank could raise interest rates as many as four times this year. Some market participants used Powell's comments as a reason to funnel cash to exchange-traded funds tracking financial...

Federal Reserve Chair Janet Yellen has announced that she will resign from the Federal Reserve rather than continue to serve in a governor role once her replacement takes office Jan. 31, 2018. In a resignation letter to President Donald Trump, Yellen said she is proud of how far the U.S. economy...

President Donald Trump has made up his mind that the next chair of the Federal Reserve will be former investment banker Jerome "Jay" Powell. He will succeed current Fed Chair Janet Yellen early next year. Here’s everything you need to know. Track Record Powell has been a member of...

The world of banking, especially community banking, is changing rapidly. As Fed Governor Jerome Powell said in the opening section of the recent Community Banking Community Banking in the 21st Century Paper released last month, “For many community banks, the past year has been one of...

Futures Gain Into Fed Speak U.S. equity futures rose in early pre-market trade ahead of key speeches from FOMC voting members. New York Fed President William Dudley, who is a permanent voting member and is in charge of the open market operations for the Fed, is set to speak this morning followed...

Futures Tick Higher On Better Eurozone Confidence Data U.S. equity futures rose marginally in early pre-market trade following better than expected confidence data in the eurozone and a strong day Wednesday on the "tapering of the tapering" trade as investors fear tapering is further off given...

Minneapolis Fed President Naryana Kocherlakota issued a statement unexpectedly Monday, announcing his views that recent Fed communications have not been clear enough. He fully supports continued easing and argued that the FOMC has not done enough to quell rate hike fears. Asset Purchases...