FOMC

White House economic adviser Gary Cohn is emerging as the clear front-runner for the nomination to succeed Federal Reserve Chair Janet Yellen, according to a National Association for Business Economics survey.

Federal Reserve Chair Janet Yellen will join European Central Bank President Mario Draghi in Jackson Hole, Wyo., next week, setting the stage for a potentially revealing debate over the common challenges facing the world’s two most powerful central banks.

Federal Reserve officials engaged in a detailed debate about inflation while keeping the door open for a September announcement on the timing of balance-sheet reductions, according to minutes from their policy meeting in July.

With inflation slipping in recent months and not hitting the Federal Reserve’s 2% target in years, Federal Reserve Bank of Atlanta President Raphael Bostic urged a “wait and see” approach on rate hikes in a televised interview Wednesday.

Federal Reserve Bank of New York President William Dudley said former Goldman Sachs executive Gary Cohn was a “reasonable candidate” for the job of Fed chief.

Federal Reserve Bank of New York President William Dudley said it isn’t unreasonable to expect the central bank to announce plans in September to start trimming its balance sheet and said he supports another interest-rate increase this year if the economy evolves as he expects.

Noting that predictions of higher inflation have been wrong for years, Federal Reserve Bank of Minneapolis President Neel Kashkari said Friday, the Fed can afford to wait to raise rates and that’s why he’s dissented on the last two rate hikes.

Federal Reserve Bank of New York President William Dudley offered a positive outlook for the U.S. economy, job market and inflation on Thursday, saying better conditions would help support the most vulnerable Americans.

Federal Reserve Bank of St. Louis President James Bullard said Janet Yellen’s successor should consider holding press conference after every policy meeting, if she isn’t picked for a second term at the helm of the U.S. central bank.

Chicago Fed President Charles Evans said it would be “reasonable” to announce the roll-off of the central bank’s balance sheet next month, while cautioning that disappointing inflation data may delay interest-rate increases as technological disruption dampens price pressures.

The Federal Reserve must maintain its credibility on inflation, Federal Reserve Bank of Minneapolis President Neel Kashkari told an audience Monday.

Monetary policy is near appropriate levels, Federal Reserve Bank of St. Louis President James Bullard repeated Monday.

The Federal Open Market Committee did not increase the fed funds rate target, the Fed announced following the panel’s two-day meeting, but it said it expects to begin balance sheet normalization “relatively soon.”

Diana Furchtgott-Roth, a senior fellow at the Manhattan Institute, discusses the Federal Reserve, rate hikes, its balance sheet and vacant seats. Hosted by Gary Siegel.

Three potential candidates to replace Federal Reserve Chair Janet Yellen next year said proposals by Republican lawmakers and President Donald Trump’s administration to cut taxes and roll back regulations would lead to faster economic growth.

Slow removal of monetary policy accommodation will help raise inflation to 2%, according to Federal Reserve Bank of Chicago President Charles Evans.

A successful Federal Reserve chair must be a respected analyst of the economy able to forge a consensus among colleagues, Dallas Fed President Robert Kaplan said.

While claiming he will keep an open mind, Federal Reserve Bank of Dallas President Rob Kaplan reiterated he would like to see inflation rise before the next rate hike.

The Federal Reserve’s balance sheet will be reduced substantially, but not to the $1 billion level from before the financial crisis, Federal Reserve Board Chair Janet Yellen said.

Unwinding the Federal Reserve’s balance sheet should start “sooner rather than later,” Federal Reserve Bank of Kansas City President Esther George said Wednesday.