WASHINGTON (Reuters) – President Trump is unlikely to pick economic adviser Gary Cohn as his nominee for Federal Reserve chairman because Cohn is playing a crucial role in the White House tax reform effort, a senior administration official said on Wednesday. “No decision has been made and no candidate has been ruled out but Gary’s…
Federal Reserve Vice Chair Stanley Fischer, a veteran central banker who helped set the course for modern monetary policy, said on Wednesday he will step down from his position in mid-October, potentially accelerating President Donald Trump’s opportunity to reshape the direction of the central bank. In a letter to Trump, Fischer, 73, said he was…
White House economic policy czar Gary Cohn is considered to be the top candidate to replace Federal Reserve Chairwoman Janet Yellen at the end of her term next year, according to Politico. Cohn, the National Economic Council director, has previously denied any interest in the job. There’s already an expected backlash from progressives who would…
Federal Reserve Chair Janet Yellen is back in Washington on Friday, a day after receiving emergency medical attention following a speech during which she appeared to lose concentration and which she struggled to finish. A Fed spokesperson would not comment on whether Yellen planned to see a doctor for a follow up check-up, and would…
(Reuters) — Federal Reserve Chair Janet Yellen wants to see U.S. wages climb at a much brisker clip to boost consumer spending and help workers recoup ground they lost in the last recession, but she’ll have to fend off policymakers who fear that could cause inflation to surge. As she seeks to maintain a consensus…
Stanley Fischer, a former Bank of Israel governor, was confirmed by the U.S. Senate as vice chairman of the Federal Reserve. The confirmation vote on Thursday was 63-24, the Los Angeles Times reported. Fischer, 70, succeeds Janet Yellen, who was elevated to Fed chairwoman in February to follow Ben Bernanke. All three are Jewish. Last…
Armed with an unusual biography and international respect as a leading economist, Stanley Fischer, an Israeli-American dual national, is poised to take his place as vice chairman of the Federal Reserve System, the body that effectively controls America’s money supply. Fischer’s nomination by President Obama is a first of sorts. Up until last year, Fischer…
Stanley Fischer, the former governor of the Bank of Israel, is a step closer to becoming vice chairman of the Federal Reserve. The Senate Banking Committee on Tuesday voted unanimously to approve President Obama’s nomination of Fischer. His confirmation by the full Senate is expected late next month, according to reports. Fischer stepped down in…
100% of profits support our journalism
