Category: Federal Reserve System

Federal Reserve Turns Focus to Inflation as Job Market Stabilizes

The New York Times – Business:
April’s report showed employers added more jobs than expected, supporting the central bank’s view that it can afford to hold interest rates steady.
Higher Gas Prices Are Hitting Lower-Income Americans the Hardest

The New York Times – Business:
People with lower incomes are driving less and devoting more of their budgets to transport as gas prices soar.
Fed Officials Cite Inflation Concerns in Defending Dissents

The New York Times – Business:
The Federal Reserve’s meeting this week was the most divisive in decades, a sign that President Trump’s pick to lead the central bank will face opposition if he pursues substantially lower interest rates.
Behind Powell’s High-Stakes Decision to Stay at the Fed

The New York Times – Business:
Jerome H. Powell will remain a governor at the Federal Reserve after his term as chair ends, in a bid to guard against a further incursion by the Trump administration on the central bank’s independence.
How Powell Just Complicated Trump’s Fed Plans

The New York Times – Business:
Traders now think the Federal Reserve will keep steady interest rates, or perhaps even increase them, amid succession intrigue at the central bank.
Warsh Clears an Early Hurdle on Path to Fed Chair

The New York Times – Business:
The Senate Banking Committee advanced Kevin Warsh’s nomination as Fed chair on Wednesday, teeing up the full chamber to hold a vote soon.
What to Watch at the Federal Reserve’s April Meeting

The New York Times – Business:
The U.S. central bank is widely expected to hold interest rates steady at what is scheduled to be Jerome H. Powell’s final meeting as chair.
What to Watch at the Federal Reserve’s April Meeting

The New York Times – Business:
The U.S. central bank is widely expected to hold interest rates steady at what is scheduled to be Jerome H. Powell’s final meeting as chair.
Transition to a New Fed Chair Is Unlikely to Mean Immediate Rate Cuts

The New York Times – Business:
The Federal Reserve is expected to hold interest rates steady this week as Jerome H. Powell presides over what is likely to be his last meeting as chair.
Tillis Prepared to Advance Fed Nominee after Justice Dropped Probe

The New York Times – Business:
Senator Thom Tillis said he had received assurances from federal prosecutors that eased his concerns, setting the stage for a key committee vote on Kevin Warsh.
The ‘Lasting Damage’ of Pirro’s Investigation of the Federal Reserve and Powell

The New York Times – Business:
The Trump administration’s attacks on the Federal Reserve have rattled confidence in the central bank’s ability to operate independently before a leadership transition.
Justice Department Drops Criminal Investigation of Fed Chair Jerome Powell

The New York Times – Business:
The decision to end the inquiry into Jerome H. Powell’s handling of the Federal Reserve’s renovation could allow Kevin M. Warsh, the president’s pick for Fed chair, to be confirmed.