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A researcher who studied Trump's plans to control the Fed said it could tank the economy

Economists at a top think tank found Trump's threat to undermine the Fed would lower GDP, raise inf…

Alice Tecotzky   


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Biden's pick for the Fed's top bank regulator withdraws her nomination amid backlash from Manchin and Senate Republicans

Sarah Bloom Raskin told Biden on Tuesday she withdrew her nomination to be the Fed's next vice chai…

Ben Winck   


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2 mins read

Kamala Harris counters Trump's message that the president should have a say in Fed decisions

Kamala Harris over the weekend said she "would never interfere" in Fed decisions, after Trump said …

Kelly Cloonan   


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Interest rates remain steady once again — but it's likely the Fed will cut rates in September

The Federal Reserve held interest rates steady in its July meeting as pressure mounts on the centra…

Ayelet Sheffey   


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Stock market today: S&P 500 hits 8-day win streak as investors focus on Fed conference

Aside from the Fed, investors will pay attention to 2nd-quarter earnings results from retailers thi…

Matthew Fox   


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1 min read

Goldman's Beth Hammack has a new job: Cleveland Fed president

Cleveland's Federal Reserve Bank appointed Beth Hammack, a Goldman Sachs veteran, as its next presi…

Shubhangi Goel   


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1 min read

The Fed will continue raising rates to at least 4% come 'hell or high water,' former Fed vice chair says

"So I think that they are data dependent, and the data says inflation is too high. So I think they'…

Brian Evans   


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Fed Vice Chair Richard Clarida to resign 2 weeks early amid scrutiny over pandemic stock trading

Clarida landed in hot water in October for stock trades made just before a key Fed announcement. Up…

Ben Winck   


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Stock market today: Stocks notch fresh records as the Fed affirms guidance for rate cuts

The S&P 500 surpassed 5,200 for the first time as the Fed affirmed three rate cuts are likely comin…

Jennifer Sor   


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The Fed's vice chair made multimillion-dollar stock trades right before Jerome Powell signalled pandemic-driven policy action in 2020

Regional Fed president Clarida traded between $1 million to $5 million out of a bond fund into stoc…

Shalini Nagarajan   


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Fed Chair Powell's explanation of pandemic-era inflation and employment goes against a classic Econ 101 theory

Inflation is usually high when the job market is healthy, and vice versa. The pandemic economy buck…

Ben Winck,Madison Hoff   


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4 mins read

Biden picks Jerome Powell to serve a second term as Fed chair after piloting COVID-era recovery

Powell guided the Fed as it used unprecedented tools to aid the COVID-stricken economy. His perform…

Ben Winck   


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Jerome Powell will boost protections to Americans' savings from the threat of climate change, Biden says

Progressives urged Biden to pick a more climate-focused chair, but he said Trump's Fed pick will ma…

Ben Winck   


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Dow surges nearly 600 points as Powell testimony eases rate-hike fears and investors watch Ukraine

Powell said the Fed will "proceed carefully" and stressed being "nimble in responding to incoming d…

Phil Rosen   


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Mohamed El-Erian says the stock market won't react to tapering speculation until the Fed's 'Big 3' starts to take it more seriously

"So as long as the 'Big Three' aren't saying it, the market is not going to be listening to anythin…

Isabelle Lee   


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Stablecoins could exist alongside a digital dollar as CBDCs could help secure global payments systems, Fed Vice Chair Lael Brainard says

A CBDC "could coexist with and be complementary to stablecoins and commercial bank money," Brainard…

Carla Mozée   


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4 mins read

Biden backing Powell to chair the Fed is another stiff arm to progressive Democrats

For months, progressives urged Biden to pick a new Fed chair, yet didn't quite rally around Lael Br…

Ben Winck   


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The Fed isn't likely to pause its rate hikes anytime soon as the economy still has a lot of momentum, Vice Chair Lael Brainard says

"Right now, it's very hard to see the case for a pause," Fed Vice Chair Lael Brainard told CNBC on …

Brian Evans   


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The Fed is about to tighten the screws on America's biggest banks

On the heels of this year's streak of bank failures, the Fed thinks it's time to raise the capital …

Phil Rosen   


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There's a good chance Jerome Powell will lose his job as Fed chair due to left-wing pressure, JPMorgan says

Fed Chair Jerome Powell has won praise for his handling of the economy, but left-wing Democrats may…

Harry Robertson