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WASHINGTON (Reuters) – President Trump on Thursday tapped Jerome Powell to become head of the U.S. Federal Reserve, promoting a soft-spoken centrist to replace Janet Yellen when her term expires in February 2018. Powell, appointed to the Fed board in 2012 by then-President Barack Obama, emerged as Trump’s choice from a five-person slate of possible…
Federal Reserve Chair Janet Yellen returned to the White House on Friday to have lunch with President Donald Trump’s top economic adviser, Gary Cohn, a White House official said, describing the meeting as “nothing out of the ordinary.” Yellen met with Trump on Thursday for an interview on her possible reappointment as chair of the…
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…
Back in the final days of the presidential campaign, Donald Trump released a video ad promising to take America back from the grip of the political establishment and “global powers.” Starring in the ad, in a way that many Jewish activists found troubling, were several Jewish figures including billionaire George Soros, Goldman Sachs’s Loyd Blankfein,…
Time magazine just released its list of the 100 “most influential people of 2017.” It will come as no surprise that Ivanka Trump, daughter of President Trump, is included, under the heading of “Pioneers.” (The Ivanka item was penned by Wendi Murdoch.) The only other Jewish woman on the list, by my count, is Janet…
President-elect Donald Trump and Fed Chair Janet Yellen may emerge as unlikely allies as the incoming administration moves towards policies Federal Reserve officials have long advocated and the Fed contemplates a “high-pressure” economy to try to boost jobs and wages, at least in the short term. Top Trump adviser David Malpass on Thursday seemed to…
Federal Reserve Chair Janet Yellen said on Wednesday she was “looking forward” to a U.S. interest rate hike that will be seen as a testament to the economy’s recovery from recession. In prepared remarks to the Economic Club of Washington, Yellen did not indicate if she still expected a rate hike would be warranted at…
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…
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