Former Federal Reserve Chair Janet Yellen said depending on how widely the coronavirus spreads, the economic impact could have a significant impact on Europe and veer the U.S. toward a recession

Republican Senator Pat Toomey said he’ll support President Donald Trump’s nomination of Judy Shelton for the Federal Reserve Board.

Attention is focused on the impact COVID-19 may have on economic growth in the United States in the short and long term.

It is “still too soon” to say whether the coronavirus outbreak will cause a material change in the U.S. outlook, said Federal Reserve Vice Chairman Richard Clarida, signaling officials won’t be rushed to judgment on the need to cut interest rates.

Three key Republicans on the Senate Banking Committee said Monday that they remain undecided on President Donald Trump’s nomination of Judy Shelton to the Federal Reserve Board.

Federal Reserve Bank of Cleveland President Loretta Mester said the worsening coronavirus outbreak represents a threat to the U.S. economy, but not one that yet justifies any change in monetary policy.

Federal Reserve Vice Chairman Richard Clarida disputed suggestions that the central bank suffers from a “hall of mirrors” problem under which it slavishly follows financial-market expectations for monetary policy.

The suite of new monetary policy tools under consideration by the Federal Reserve are likely to have limited effectiveness in the next downturn.

Federal Reserve Governor Lael Brainard on Friday called for the adoption of new strategies by the central bank to achieve its 2% inflation goal and fight off future recessions.

Federal Reserve Vice Chairman Richard Clarida took issue with suggestions that investors expect the central bank to cut interest rates in the middle of this year as he called the economy fundamentally sound.

Little hint as to direction of future monetary policy moves.

Federal Reserve Bank of Cleveland President Loretta Mester said the impact of the coronavirus and the risk it poses to the global economy haven’t changed her forecast.

It’s unlikely Judy Shelton changed anyone’s mind but she appeared poised, confident and unshaken in defending herself and her previous statements and writings.

The temporary inversion of parts of the yield curve “are concerning” but since they’re based on coronavirus fears, the economy should keep growing and will not necessitate cuts to the fed funds rate target, analysts say.

Stifel Chief Economist Lindsey Piegza discusses why she thinks the Fed’s job is far from done, why inflation remains stubbornly below its 2% target, the inverting yield curve, consumer spending and economic growth. Gary Siegel hosts.

Federal Reserve Board Chairman Jerome Powell stuck to his message in questioning before members of the House Financial Services Committee: the economy is doing well and the Fed will stay on the sidelines unless there is a “material change” to its forecast.

The early dot plots were characterized by overly optimistic projections for gross domestic product, which were later revised down, while the projections made after 2017 have been somewhat pessimistic, but more accurate, according to research by the Federal Reserve Bank of San Francisco.

Fed chair calls the illness a downside risk that arose while others are receding.

The Federal Reserve’s point person on financial regulation said the central bank is considering changes to its bank-supervision framework to enhance money-market liquidity.

The prevailing opinion is the Federal Reserve will note the downside risks caused by the virus, won’t cut rates in March, but bets are hedged for later in the year.