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The White House is narrowing its search for a nominee to become the next Federal Reserve vice chair, intending to swiftly replace Lael Brainard, who became President Joe Biden's top economic adviser this week.
February 23
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Federal Reserve Bank of St. Louis President James Bullard said the U.S. economy is proving more resilient than expected and repeated his call for the central bank to keep raising interest rates.
February 22
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Two of the Federal Reserve board's seven governors abstained from supporting the selection of former Obama aide Austan Goolsbee to become president of the Chicago Fed, according to a record of the vote.
February 17
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"At this juncture, the incoming data have not changed my view that we will need to bring the fed funds rate above 5% and hold it there for some time," Mester said.
February 16
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The markets are looking for a Fed pivot, but central bankers continue to say more hikes are coming and rates will stay higher longer. OANDA's Ed Moya joins us after the meeting to give a comprehensive look at what the Fed signals for the future.
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The Fed in a statement said Brainard submitted her resignation Tuesday, and that it will be effective on or around Feb. 20.
February 15
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Two officials said Tuesday that interest rates may need to move to a higher level than anticipated to ensure inflation continues to ease.
February 14
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The Federal Reserve will likely have to keep raising interest rates to rein in price growth, which could slow economic expansion and affect the jobs market, Governor Michelle Bowman said.
February 13
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"We actually are increasing the odds — we can get a soft landing. That doesn't mean we're out of the woods," Harker said.
February 10
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The central bank has raised rates aggressively for nearly a year, but experts believe the hiking cycle is nearly over.
