Tag: Federal Reserve

  • US Fed chair nominee sees interest rates rise further

    US Fed chair nominee sees interest rates rise further

    Washington : Jerome Powell, US President Donald Trump’s nominee to lead the Federal Reserve, said he expected the central bank to continue monetary tightening and to ease regulatory burdens on financial system. “If confirmed, I would strive, along with my colleagues, to support the economy’s continued progress toward full recovery,” said Powell in remarks to…

  • Yellen announces resignation from Fed’s board

    Yellen announces resignation from Fed’s board

    San Francisco : Federal Reserve Chair Janet Yellen announced Monday she will resign from the central bank once her term ends in February. Last month, President Donald Trump said he would not nominate Yellen for a second term as chair of the Fed, breaking with decades of tradition. Instead, he nominated Jerome “Jay” Powell as…

  • Powell has ‘wisdom to guide our economy’: Trump

    Powell has ‘wisdom to guide our economy’: Trump

    Washington : Announcing Jerome Powell’s appointment as chairman of the Federal Reserve, US President Donald Trump expressed confidence and said the former has the “wisdom and leadership to guide our economy”. “Based on his record I am confident that Jay has the wisdom and leadership to guide our economy,” Efe news quoted Trump as saying…

  • US sees conditions for tightening monetary policy

    US sees conditions for tightening monetary policy

    Washington:(IANS) Most US Federal Reserve officials believe conditions for tightening monetary policy were approaching but failed to give clear signals on the timing of the first interest rate hike in nearly nine years. “Most (Fed officials) judged that the conditions for policy firming had not yet been achieved but they noted that conditions were approaching…