FOMC

Trade issues with China should end with a deal, leaving the U.S. economy mostly unscathed, the Federal Reserve Bank of Boston president said.

During the Great Recession, interest rates hit zero lower bound, which caused the Fed to make unprecedented moves, or quantitative easing, to spur the economy.

The White House is considering Derek Kan, an undersecretary at the Department of Transportation, for one of two open seats on the Federal Reserve Board, according to two people familiar with the matter.

Financial markets ignored surprisingly strong data and stayed focused on tariffs and developments in talks with China.

Rivlin, the founding director of the Congressional Budget Office, fought relentlessly for deficit reduction.

While tariffs will certainly cause an uptick in inflation, the Federal Reserve can hold rates, according to Federal Reserve Bank of New York President John Williams.

The White House is considering conservative economist Judy Shelton to fill one of the two vacancies on the Federal Reserve Board of Governors.

Atlanta Fed President Rafael Bostic said he would do "whatever it takes" should tariffs cause consumers to cut back spending.

The April producer price index grew less than expected, suggesting inflationary pressure will remain weak.

The debate over the success of quantitative easing continues, even as the threat of recession slips.