White House officials back economist Lisa Cook for Fed board


Economist Lisa Cook has the backing of several key White House officials and allies outside the administration as a possible choice for President Joe Biden in filling a vacancy on the Federal Reserve Board of Governors, according to people familiar with the matter.


'We will continue to do our jobs,' Fed's Powell vows as election drags on


Asked about the political uncertainty surrounding the undecided presidential race, Federal Reserve Chair Jerome Powell said the central bank isn’t wavering from its duty “to support the economy during this difficult time.”


Fed’s Beige Book shows slight to modest growth, recovery uneven


The U.S. economy continued to grow across the country as it recovered from the coronavirus pandemic, but the picture was uneven, according to a new report from the Federal Reserve.


Fed weighs changes to Main Street program to allay banks' concerns


With only a fraction of the funds allocated being used, Federal Reserve Chair Jerome Powell said the central bank is considering tweaks to the middle-market rescue program in an appeal to lenders wary of taking on added risk.


Fed signals rates will stay near zero for at least three years


The central bank said it would keep interest rates at current levels through at least to help the U.S. economy recover from the coronavirus pandemic.


Powell’s Fed shifts to more relaxed approach to fight inflation


Federal Reserve Chair Jerome Powell announced a new approach to monetary policy Thursday that takes a more relaxed stance on inflation and on its view of how low U.S. unemployment can go.


Collins is second Republican to oppose Shelton for the Fed


Two more Republican no votes will sink the nomination, if Democrats remain steadfast on their opposition.


Romney says he will oppose Shelton’s Fed confirmation


Republican Sen. Mitt Romney of Utah said he will vote against Judy Shelton, one of two Trump administration nominees to the Federal Reserve’s Board of Governors.


Delay of Fed’s Main Street program hasn't hurt businesses, Powell says


The central bank is only now nearing the launch of the credit facilities after the effort was announced in April. But Chairman Jerome Powell said loans have been available through other means.