FOMC

Federal Reserve Chair nominee Jerome Powell has likened central bank communication to a popular Far Side cartoon: A man chides his dog Ginger about rooting through the trash, but all the dog hears is “Blah, blah, Ginger, blah, blah blah.”

Central bank communications are actually quite simple, but not as simple as U.S. presidential debates, according to Federal Reserve Bank of Chicago President Charles Evans.

With little slack in the labor market, “inflation is likely to reassert itself at some point, so increasing the fed funds target rate “makes sense,” Federal Reserve Bank of Philadelphia President Patrick Harker said Sunday.

Federal Reserve Chair Janet Yellen hasn’t yet decided whether she’ll stay at the central bank in a diminished role when her term as chair ends in February, Treasury Secretary Steven Mnuchin said.

President Donald Trump’s nominee to lead the U.S. Federal Reserve may have to wait until after Thanksgiving for his Senate confirmation hearing.

With the underlying growth potential of the economy hard to pin down, targeting a price level could be effective, Federal Reserve Bank of San Francisco President John Williams argues.

Randal K. Quarles was sworn in as a member of the Federal Reserve Board of Governors and as vice chair for supervision on Monday, the Fed said.

William C. Dudley, Federal Reserve Bank of New York president and chief executive officer, intends to retire in mid-2018 “to ensure that a successor is in place well before the end of his term,” the Fed said in a statement Monday.

Federal Reserve Bank of New York President William Dudley is close to announcing his retirement, according to CNBC.

Many industry observers believe Federal Reserve Board Janet Yellen will retire from the central bank once her term as chair expires in February. But there are reasons she might stay.