FOMC

President Donald Trump told reporters Monday he is “very, very close” to announcing his nominee for chairman of the Federal Reserve.

Federal Reserve Chair Janet Yellen defended the central bank’s use of unconventional and often unpopular monetary policy tools after the Great Recession.

The U.S. Senate probably will confirm President Donald Trump’s pick to lead the Federal Reserve, but the process won’t be free of drama.

President Donald Trump concluded a White House meeting Thursday afternoon with Federal Reserve Chair Janet Yellen as House conservatives mounted a campaign to persuade him not to reappoint her.

President Trump plans to announce his nominee to chair the Federal Reserve before he leaves Nov. 3 for an 11-day trip.

Federal Reserve Bank of Dallas President Rob Kaplan said Tuesday he expects gradual rate hikes will remain appropriate.

Stanford University economist John Taylor, a candidate for Federal Reserve chairman, made a favorable impression on President Donald Trump, several people familiar with the matter said.

Federal Reserve Chair Janet Yellen said the U.S. central bank expects to continue to raise interest rates gradually.

The Federal Reserve policy maker said he isn’t worried John Taylor, if nominated to lead the central bank, would be too severe in seeking to impose his views on policy.

The federal funds rate target should continue rising gradually until reaching its “new normal of 2.5%,” Federal Reserve Bank of San Francisco President John Williams said Wednesday.