monetary policy

The national debt is big and getting bigger. Does it matter?


As government debt swells, the outer limits of what the U.S. can safely borrow are becoming less and less clear.


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.


Shelton Fed nomination draws third GOP Senator’s opposition


Tennessee Sen. Lamar Alexander joined Mitt Romney of Utah and Susan Collins of Maine in disapproving of Judy Shelton's nomination to the Federal Reserve Board, adding drama to a confirmation vote that had been targeted for this week.


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.


Democrats' bill would require Fed to focus on income, racial inequality


The Federal Reserve Racial and Economic Equity Act would direct the Fed to consider racial inequality in employment, income and access to affordable credit when making monetary policy and in its regulation and supervision of banks.


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.


Fed board nominees move one step closer to Senate approval


Judy Shelton, President Trump’s contentious pick for an open seat, cleared a key hurdle by winning the approval of a majority on the Senate Banking Committee.