FOMC

As the Federal Open Market Committee convenes for its final scheduled meeting this year, one where President Trump kept upping the political pressure, the 2020 elections threaten to make the situation worse.

Marvin Goodfriend, a top U.S. monetary economist who was nominated by President Donald Trump to serve as a governor of the Federal Reserve Board, has died at the age of 69.

Peter Ireland, an economics professor at Boston College and a member of the Shadow Open Market Committee, discusses why the Fed’s 2019 “reversal” made sense, the economy, low inflation, how referencing a rule could help the Fed with monetary policy, and the biggest challenge facing the central bank. Gary Siegel hosts.

The Federal Reserve’s banking regulation chief granted that Wall Street may have been right that the agency shares blame in September’s alarming strain in money markets.

Federal Reserve Board Gov. Lael Brainard presented her alternative to quantitative asset purchases.

Federal Reserve Chairman Jerome Powell struck an upbeat tone in gauging the ability of policy makers to extend the record U.S. economic expansion, while signaling interest rates would probably remain on hold.

Analysts are not convinced the Fed's mid-cycle adjustment will deliver the elusive soft landing.

Judy Shelton, one of President Donald Trump’s most recent picks for the Federal Reserve board, challenged an article of faith regarding the U.S. central bank in private comments to a bank executive last month: that it should operate free of political influence.

Potential downside risks from “global developments” persuaded most members of the Federal Open Market Committee to vote to cut the benchmark rate in October, and then to hold it.

The minutes of the most recent Federal Open Market Committee meeting may offer perspective on the holding pattern for rates.