Monetary policy

Federal Reserve Chair Janet Yellen and President Donald Trump’s daughter and adviser Ivanka had a breakfast meeting on July 17 at the U.S. central bank, according to Yellen’s public schedule.

New York Fed President William Dudley said hurricanes could influence the timing of the next interest-rate increase, although growth warrants gradual hikes.

The White House is considering more than a half-dozen candidates to be the next head of the Federal Reserve, including economists and business people, with a goal of filling out a depleted board with expertise ranging from financial regulation to community banking, according to three people familiar with the matter.

New York Fed President William Dudley reiterated the need to continue raising interest rates while conceding the inflation model may be need a rethink.

Gradual rate hikes are likely to remain necessary, and the normalization of the Federal Reserve’s balance sheet should not cause a “sudden or sizable increase in long-term yields,” Federal Reserve Bank of Cleveland President Loretta Mester said Thursday.

The Senate Banking Committee voted Thursday to advance the nominations of Randal Quarles to serve as the Federal Reserve’s vice chairman for supervision and Joseph Otting to be Comptroller of the Currency, taking key steps toward President Donald Trump’s goal of reshaping regulation of Wall Street.

Federal Reserve Board Vice Chair Stanley Fischer said he will resign from the Board of Governors on or about Oct. 13.

The Federal Reserve’s rate hikes over the past year and a half may be harming the economy, Federal Reserve Bank of Minneapolis President Neel kashkari said Tuesday.

The Federal Open Market Committee must be confident inflation will rise to the 2% target before raising interest rates again, Gov. Lael Brainard said Tuesday.

Watching for the “risks of excessive optimism, leverage, and maturity transformation” can limit future financial crises, Federal Reserve Chair Janet Yellen said Friday.

Despite recent softness in economic data, especially inflation numbers, the Federal Reserve should continue to tighten monetary policy, Federal Reserve Bank of Cleveland President Loretta Mester said in a televised interview Friday.

Federal Reserve Bank of Kansas City President Esther George said if U.S. economic data hold up, there will probably be an opportunity to raise interest rates again in 2017.

All Federal Reserve banks felt the discount rate should remain at 1.75%, given “soft” inflation levels, according to the minutes of the discount rate meeting, released Tuesday.

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.