FOMC

The Federal Reserve is not behind the curve and will not overreact to economic growth, Federal Reserve Bank of San Francisco President John Williams said Friday.

Federal Reserve Chair Janet L. Yellen will join the Brookings Institution as a Distinguished Fellow in Residence with the Economic Studies program, effective Feb. 5.

Federal Reserve officials, meeting for the last time under Chair Janet Yellen, left borrowing costs unchanged.

With rotation of voters, tax reform, and an uptick in a key inflation measure, there’s still much at issue in a Fed meeting where no rate hike is expected.

As New York Fed president at the time of the attack on the World Trade Center, McDonough responded to a liquidity crisis and ensured the financial markets could reopen quickly.

The chief executive officer of Morgan Stanley said he’s more worried that the stock market has reached record highs in recent months.

Federal Reserve Governor Jerome Powell was confirmed with broad bipartisan support in the Senate to take the helm of the U.S. central bank when Chair Janet Yellen’s term ends Feb. 3.

The Federal Reserve’s 2% inflation target has come under attack, with alternative frameworks and changes to the standard discussed.

The gradual rate hikes will continue even as inflation remains below the Federal Reserve’s 2% target, Federal Reserve Bank of Boston President Eric Rosengren said Friday.

Although he continues to maintain that two rate hikes this year are appropriate, Federal Reserve Bank of Philadelphia President Patrick Harker said Friday he is closely monitoring the flattening yield curve.