The Federal Reserve will stay the same. President Joe Biden tapped Jerome Powell to serve a second term at the Federal Reserve. However, Biden picked Lael Brainard as the vice chair at the U.S. central bank, succeeding Richard Clarida. “As I’ve said before, we can’t just return to where we were before the pandemic, we […]
Federal Reserve
WATCH: Federal Reserve Chair Jerome Powell speaks to reporters after FOMC meeting
Federal Reserve Chair Jerome Powell hosted a press conference after the Federal Open Market Committee (FOMC) hosted its November policy meeting. Watch here: https://www.youtube.com/watch?v=Nd40XFQwG3o
Federal Reserve tapers pandemic-era stimulus, leaves rates unchanged, inflation is still ‘transitory’
It looks like Atlanta Fed Bank President Raphael Bostic will fill up his swear jar. “Transitory” is still in the Federal Reserve’s November policy statement. The U.S. central bank completed its Federal Open Market Committee (FOMC) meeting. It left interest rates unchanged, adding that it is no rush to pull the trigger on rate hikes. […]
Federal Reserve to ban FOMC, senior staff from owning individual stock
Federal Reserve officials can no longer get rich when serving at the United States central bank. According to sweeping new rules announced on Thursday, the Eccles Building prohibited trading in individual stocks and bonds by top officials. Under the new measures, Fed members will be limited to owning only mutual funds, in which they will […]
Sherrod Brown proposes banning Federal Reserve officials from stock ownership
Now that a couple of Federal Reserve officials are out, Washington is scrutinizing the institutions’ officials to trade stocks. Sen. Sherrod Brown (D-OH) has proposed legislation that would prohibit U.S. central banks from stock trading during their tenure at the Eccles Building. From Reuters: The head of the U.S. Senate Banking Committee on Tuesday said […]