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Sen. Elizabeth Warren, D-Mass., was the only member of the Senate Banking Committee to oppose the nomination of Federal Reserve Board Gov. Jerome Powell to lead the central bank.

The governors of California, New York and New Jersey said they would challenge the Republican tax bills in court if they pass.

New York Mayor Bill de Blasio named Dean Fuleihan first deputy mayor and Melanie Hartzog as budget chief.

If the Federal Reserve continues to raise the federal funds rate target, it risks inverting the yield curve, often seen as a precursor to recession, Federal Reserve Bank of St. Louis President James Bullard said Friday.

Marvin Goodfriend, a noted economist and former Richmond Fed official, was tapped to fill one of three vacancies on the Fed board.

Dragged down by prices not sensitive to the economy, inflation should rise next year, Federal Reserve Bank of San Francisco President John Williams says.

Blaming “transitory factors” for low inflation rates, Federal Reserve Board Chair Janet Yellen said Wednesday she expects gradual fed funds rate increases for “the next few years.”

The Citizens Budget Commission says deficits could compromise Chairman Joseph Lhota's subway improvement plan.

Federal Reserve chair nominee Jerome Powell said the case for raising interest rates at next month’s policy meeting is strengthening.

President Donald Trump’s nominee to head the Federal Reserve is making one thing clear as he prepares to testify before lawmakers: He’s not here to shake things up at the U.S. central bank.

Thomas Hamilton, Scott Jackson and Jay Nolan will join the nascent board that will intervene in and assist with municipal distress cases.

Federal Reserve Chair Janet Yellen cautioned that raising interest rates too quickly risked stranding inflation below the U.S. central bank’s 2% target.

New York's mayor says realized money will more than offset increased spending for fiscal 2018 and 2019.

Federal Reserve Board Chair Janet Yellen will resign as a member of the Fed’s Board of Governors when Jerome Powell is sworn in as chair, the Fed announced Monday.

A global perspective must be used to prepare for the next recession, even though it’s not on the near horizon, Federal Reserve Bank of San Francisco President John Williams said Thursday.

It may take 60 votes in the Senate to decide if the tax bill is subject to the PAYGO Act.

Budget secretary Benjamin Barnes' latest revenue estimate comes two weeks after lawmakers passed a $41.3 billion biennial spending plan.

More transparent communication on monetary policy intentions is effective and probably here to stay, according to four of the world’s most-powerful central bankers.

In a rare public admission of frustration, Janet Yellen chided fellow Federal Reserve policy makers who breach the carefully nurtured collegiality of the bank by staking out policy positions before bothering to hearing the views of their colleagues.

President Donald Trump is seeking a qualified candidate and not necessarily a Ph.D. economist to serve as Federal Reserve chairman nominee Jerome Powell’s vice-chair.