Hard to believe, but we’re almost halfway through the second quarter of the year. That’s the point where it makes sense to start checking in on where the regional Fed banks’ forecasting models see GDP growth for the quarter.
The Trump tax cuts were supposed to spark a business investment boom. The latest Fed statement indicates that the boom may have already begun.
The Beige Book’s use of “modest to moderate” to describe the pace of economic growth may relieve concerns that the economy might be at risk of overheating.
Neel Kashkari has become the Federal Reserve’s foremost skeptic of the notion that the U.S. is experiencing a severe labor shortage.
The Fed clearly is not suffering from Trump Derangement Syndrome, the compulsion to present all of Trump’s policies as terrible, no-good, very bad. It knows what Trump has done and thinks the economy has strengthened.
Fed officials appear to be convinced that tax cuts and the recent federal budget agreement would add to economic growth. Tariffs on steel and aluminum were not seen as threatening, although federal officials did worry about foreign retaliation.
Fed policymakers on Wednesday announced an increase in federal funds rate target to a range of 1.50 percent to 1.75 percent.
Shares of Google’s parent company, Alphabet, have declined over the past two days thanks in part to the intensifying scandal over user data at Facebook. Alphabet’s shares have been under-pressure because investors fear that regulators might clamp down on how tech companies deploy user data in a way that could crimp earnings across the sector.
“My personal outlook for the economy has strengthened since December,” Powell said. “I would expect the next two years on the current path to be good years for the economy.”
The Trump administration policies are contributing to what may be a shift to a higher economic growth trajectory, a top Federal Reserve official said Monday.
Rising wage expectations suggest Americans do not believe claims that recent tax cuts will only benefit corporations or the wealthy.
The Fed slammed Wells Fargo with a far-reaching order that limits its growth and requires the replacement of four board members.
Employment, household spending, and business investment have made solid gains, according to the Federal Reserve.
Gary Cohn told CNBC that he will stick around for at least next week, quashing rumors that he might leave the White House soon.
The headline in the November 19 Wall Street Journal put the matter plainly: There are “Two Americas.” One America that gains from globalization, and another much larger America that loses from globalization. And as we now know, this cleaving of the nation is not just a matter of economics, it’s also a matter of life and death.
The Fed dramatically raised its forecast for economic growth in 2018 while saying it will not stand in the way of tax cut driven growth.
The Federal Reserve raised short-term interest rates by a quarter point on Wednesday, setting a target range of 1.25% to 1.5%.
The Federal Reserve will almost certainly raise its short-term interest rate target by a quarter percentage point at the conclusion of its two-day policy meeting Wednesday.
The message from the New York Fed is simple: the economy is booming. Economists predicted we would grow just 2.5 percent in the fourth quarter.
Federal Reserve nominee Jerome Powell got into a heated debate over bank regulation with Senator Elizabeth Warren Tuesday.
President Donald Trump nominated Federal Reserve board member Jerome “Jay” Powell Thursday as the next chairman of the central bank.
Powell is an establishment Republican who supports the president’s dergulatory agenda and takes a dovish position on monetary policy.
President Donald Trump is leaning toward appointing both Standford University economist John Taylor and former investment Jerome “Jay” Powell to top positions at the Federal Reserve, according to people familiar with the president’s thinking.
Odds of a Yellen reappointment fade as Trump tells Fox Business he is leaning toward naming Jerome Powell to lead Fed.
“American leaders must find their voices in championing free markets, free people and free trade,” Warsh wrote.
Two of Donald Trump’s front-runners for Fed Chairman represent “the monetary policies that have favored the affluent and done little or nothing for the real economy,” says the Wall Street Journal’s Editorial Board. Current Chair Janet Yellen and Fed Board alum Jay Powell are, according to the publication, a continuation of the same failed Fed policies that led “so many working-class voters [to turn] to Mr. Trump in 2016.”
Household wealth in America reached a record high of $1.7 trillion in the second quarter of 2017 due to rising property values and gains in financial assets, according to a Federal Reserve report released Thursday.
WASHINGTON, D.C. — Rep. Bill Johnson (R-OH) says Republicans and Democrats need to stop politicizing tax reform and work in favor of America’s working class to pass legislation that will take the financial burden off of small businesses.
The fate of Gary Cohn is a big topic at New York’s biggest Wall Street conference Tuesday. That’s hardly surprising.
Gary Cohn is out of the running for the top job at the Federal Reserve.
Cohn’s old boss tries to put a nice gloss on his former deputy’s lack of reading and writing habits.
Federal Reserve Vice Chairman Stanley Fischer is resigning from his role at the central bank for “personal reasons.”
National Economic Council Director Gary Cohn has no regrets about trashing President Donald Trump’s response to the violence in Charlottesville earlier this month.
The market got the Fed’s reaction to Katrina wrong back in 2005. The same thing may be happening again.
Gary Cohn does not have what it takes to be the head of the Federal Reserve, former Fed Governor Mark Olson said Friday.
President Trump’s chief economics adviser is reportedly whispering his discontent with the president to close associates.
A complete lack of a track-record when it comes to monetary policy.
The former Fed official understands why stock prices are rising at a time when Americans voted to Make America Great Again.
Cohn is a bad choice for Fed chair, Barney Frank warns.
But could the nomination survive Cohn’s connections to Goldman Sachs and the firm’s numerous scandals?
