FOMC

If the economy moves as expected, Federal Reserve Bank of Philadelphia President Patrick Harker expects one rate hike this year and one next year.

While American politicians on both sides of the aisle have been mostly silent as the U.S. deficit swells toward $1 trillion and beyond, former Federal Reserve Chairman Alan Greenspan says the lack of attention won’t last.

Federal Reserve Chairman Jerome Powell said the U.S. economy is “strong” though its benefits haven’t been felt evenly across the country.

Nobel laureate Paul Krugman said the U.S. economy may be heading into a recession at a time when the Federal Reserve doesn’t have the firepower to properly combat a slump.

The Federal Open Market Committee needs to be careful because the market expects low inflation and the yield curve remains quite flat, Federal Reserve Bank of St. Louis President James Bullardsaid late Thursday.

Negative interest rates could be harmful for U.S. banks, limiting their usefulness as an emergency tool in an economic downturn, said Federal Reserve Bank of Dallas President Robert Kaplan.

President Donald Trump’s top economic adviser said the White House currently is interviewing candidates to fill open seats on the Federal Reserve Board but said there’s no hurry to make a nomination.

Former Federal Reserve Chair Janet Yellen said the U.S. central bank must rely on incoming economic data to determine if its next policy move will be up or down.

Federal Reserve Chairman Jerome Powell gave a brief but positive assessment of the economy at an event organized for educators.

Federal Reserve Chairman Jerome Powell’s dinner on Monday with President Donald Trump was “casual” and “productive,” and may happen again, Treasury Secretary Steven Mnuchin said.