monetary policy

White House considers economist Judy Shelton for Fed board


The White House is considering conservative economist Judy Shelton to fill one of the two vacancies on the Federal Reserve Board of Governors.


Working around Dodd-Frank; Marcus' German launch delayed


Big banks may have found a way to lower needed reserve levels; with Brexit delayed, Goldman will hold off on expansion.


Trump: Stephen Moore out as potential Fed nominee


The announcement comes after several news reports that Stephen Moore would not back down from his anticipated nomination to serve on the Fed despite growing concerns from Republican senators.


Big banks chase Schwab; Bramson readies Barclays fight


Wall Street moves to compete with the low-fee financial services giant; activist investor has an uphill climb for a seat at this week’s annual meeting.


Fed pick gets earful from Brown after 'armpit' remark on Ohio


Sen. Sherrod Brown questioned Stephen Moore's ability to make decisions at the Fed to benefit all Americans after calling two Ohio cities the "armpit of America."


Card issuers go social; Calabria vows to push for GSE overhaul


Change in strategy to lure new customers; new FHFA director wants to make Fannie, Freddie “stronger, healthier."


Bank earnings underwhelm; ING eyes Commerzbank


Retail stars in bank earnings season as investment banking and capital markets sag; Dutch bank may be waiting in the wings if Deutsche can't close the deal.


Cain lacks GOP support for Fed seat if Democratic foes unite


A fourth Senate Republican said he'd vote against businessman Herman Cain joining the Federal Reserve Board, all but sinking any chances that he'd get through the confirmation process if Democrats stay united in their opposition.


Senators request details from Trump's Fed pick on unpaid taxes


Sens. Sherrod Brown, D-Ohio, and Ron Wyden, D-Ore., pressed Stephen Moore for details about reports that he owes more than $75,000 in taxes and failed to pay more than $300,000 in alimony and child support.


Would Stephen Moore change the Fed, or vice versa?


The addition of the conservative pundit could signal the Trump administration's intent to have a more direct hand in central bank policies, yet Moore could experience his own transformation as a Fed governor.