JPMorgan Flips Forecast, Sees Fed Cutting Rates
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Governor Christopher Waller discussed his meeting with Treasury Secretary Scott Bessent as speculation grows about his potential Fed chair appointment.
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No Jobs Data, No Fed Meeting? The Central Bank's December Interest Rate Decision Just Got Harder
The Federal Reserve's next rate move may hinge on delayed employment data, which won't be released until after its next scheduled rate cut decision.
The Federal Reserve’s top banking regulator on Tuesday released new guidelines for the agency’s supervision of the financial system, earning praise from industry trade groups and criticism from her predecessor.
Because the number of meetings has changed over time and the FOMC does not always have 12 voters, I have collated the annual dissent rate in the chart below. The Fed generally reaches consensus, with only 15 per cent of voters dissenting in the peak year of disagreement in 1979. That is the equivalent of a 10-to-two vote.
Atlanta Federal Reserve President Raphael Bostic's decision to retire comes amid several potential leadership shakeups at the nation's central bank.
Stocks in Europe edged up on Thursday, while the dollar held steady, as investor confidence in a Federal Reserve rate cut next month kept sentiment upbeat, which also helped keep bitcoin above its recent lows.
The Federal Reserve Board on Tuesday announced its approval of the application by Steel Newco, Inc., of Peachtree Corners, Georgia, to become a bank holding company by merging with Synovus Financial Corporation,
The Federal Reserve’s top banking regulator on Tuesday released new guidelines for the agency’s supervision of the financial system, earning praise from industry trade groups and criticism from her predecessor.
In the currency market, the Japanese yen was in the spotlight, having strengthened to 156.375 per dollar from nearly 158 a week ago. Investors are watching for possible intervention from Tokyo after weeks of verbal jawboning from authorities to stem the currency's relentless slide.
In September, Trump said his top three candidates were Hassett, former Fed official Kevin Warsh, and current governor Christopher Waller.