Trump Leaning Toward Warsh or Hassett for Fed Chair
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The Fed said it would begin making reserve management purchases last week. The move to load up Treasurys has important implications for markets.
WASHINGTON, Dec 15 (Reuters) - Current above-target inflation does not reflect underlying supply and demand dynamics that are generating price increases much closer to the central bank's 2% target, Federal Reserve Governor Stephen Miran said on Monday,
Federal Reserve governor Stephen Miran has said that “phantom inflation” is distorting the US central bank’s decision-making and causing it to keep interest rates too high.
The December Federal Reserve meeting may lead to lower mortgage rates, but it's not directly caused by the 25 basis point rate cut.
By Michael S. Derby Dec 15 (Reuters) - Federal Reserve Bank of Boston President Susan Collins said Monday a changing inflation outlook tilted her toward supporting last week’s central bank interest rate cut.
Federal Reserve Governor Stephen Miran again argued the central bank’s policy stance is unnecessarily restrictive on the economy, pointing to his benign outlook for inflation and warning signs in the labor market.
Mortgage rates have been largely unchanged.
(This December 13 story has been republished with no changes to the text.) By Jan Wolfe WASHINGTON, Dec 13 (Reuters) - The U.S. Supreme Court's conservative justices appear ready to endorse President Donald Trump's power to fire a regulatory agency official despite job protections given by Congress.
The board of directors for the Federal Reserve Bank of Atlanta has launched a search for the regional bank’s next president, following news that President Raphael Bostic will retire at the end of February.
The Trump administration is threatening the Fed’s autonomy, which the central bank regained with the Treasury-Fed accord in 1951.
JERSEY CITY, New Jersey, Dec 15 (Reuters) - New York Federal Reserve President John Williams said on Monday the U.S. central bank's interest rate cut last week leaves it in a good position to deal with what lies ahead,
Inflation has been a setback for millions in NJ who have grappled with the costs of housing and health care, NY Fed president told NorthJersey.com.