Person Root Tag

The U.S. Senate probably will confirm President Donald Trump’s pick to lead the Federal Reserve, but the process won’t be free of drama.

President Donald Trump concluded a White House meeting Thursday afternoon with Federal Reserve Chair Janet Yellen as House conservatives mounted a campaign to persuade him not to reappoint her.

New York City Comptroller Scott Stringer cited pension fund gains while challenger Michel Faulkner said the incumbent doesn't stand up to mayor Bill de Blasio's spending.

President Trump said Tuesday that he has winnowed the number of candidates for the next Fed chair, including potentially reappointing Janet Yellen.

President Trump plans to announce his nominee to chair the Federal Reserve before he leaves Nov. 3 for an 11-day trip.

S&P lowered its outlook to negative, citing constraints from the four-month impasse.

Federal Reserve Chair Janet Yellen said the U.S. central bank expects to continue to raise interest rates gradually.

The Connecticut Education Association seeks an injunction, calling the governor's executive-order cuts illegal.

The federal funds rate target should continue rising gradually until reaching its “new normal of 2.5%,” Federal Reserve Bank of San Francisco President John Williams said Wednesday.

The mayor cited high reserves and bond ratings while challengers Nicole Malliotakis and Bo Dietl called his spending reckless.

Federal Reserve Governor Jerome Powell has canceled plans to speak at an event in Boston on Friday, a move the central bank described as a routine change in schedule.

The program to purchase and support affordable mortgages for New Yorkers will include an RBC unit and provisions for military veterans.

Randal Quarles was confirmed 65-32 as a Fed governor, and by voice vote as the vice chairman of banking supervision.

The Senate invoked cloture to begin the process of confirming Randal Quarles as a governor on the Fed board.

Puerto Rico’s debt cannot be canceled by order of the president, restructuring experts and a key congressman said.

President Donald Trump's budget chief said not to take the president's suggestion that Puerto Rico's debt would be "wiped out" literally, as the territory's bonds plunged to a record low on Wednesday.

President Donald Trump suggested that the government debt accumulated by bankrupt Puerto Rico would need to be wiped clean to help the island recover from the devastation caused by Hurricane Maria.

Federal Reserve Governor Jerome Powell deflected questions about his interest in succeeding Janet Yellen at the helm of the U.S. central bank when her term as chair expires on Feb. 3, 2018.

Paul Mortimer-Lee, chief market economist at BNP Paribas, discusses the leadership of the Fed and possible replacements for Janet Yellen.

The subway-improvement plan for New York triggered pushback from board members who say Gov. Andrew Cuomo is overreaching.