Despite “significant uncertainty” in monetary policymaking, the Federal Open Market Committee continues to back gradual increases in the federal funds rate, Fed Chair Jerome Powell said Wednesday.
Federal Reserve Board Chairman Jerome Powell said he will hold a press conference after every Federal Open Market Committee meeting, beginning in January.
Federal Reserve officials raised interest rates for the second time this year and upgraded their forecast to four total increases in 2018, as unemployment falls and inflation overshoots their target faster than previously projected.
The Senate Banking Committee Tuesday advanced the nominations of Richard Clarida and Michelle Bowman for seats on the Federal Reserve Board of Governors.
U.S. economic growth could face a challenging slowdown as the Trump administration’s powerful fiscal stimulus fades after two years, according to former Federal Reserve Chairman Ben Bernanke.
The latest Federal Reserve data shows the first decline in bank holdings of municipal securities in nearly a decade, a result of tax reform, according to experts.
The Senate Banking Committee is expected to approve the nominations of Richard Clarida and Michelle Bowman for seats on the Federal Reserve Board of Governors in a vote on Tuesday.
With gradual tightening continuing, monetary policy will become slightly restrictive as the neutral rate remains low, Federal Reserve Board Gov. Lael Brainard said Thursday.
