Articles Tagged with ''Fed Chair''

Senate Banking Committee approves Powell to lead Fed

All but one Senator voted for his nomination
As expected, the Senate Banking Committee overwhelmingly approved Jerome Powell Tuesday to lead the Federal Reserve. All the panel’s Republican and Democrat members voted for Powell except one single Democrat, and now, this bipartisan support all but seals Powell’s future as Federal Reserve Chair.
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Yellen announces resignation from Federal Reserve Board of Governors

Effective upon swearing in of successor
Fed Chair Janet Yellen, who was appointed to the Board by former President Barack Obama to serve until January 21, 2024, announced Monday she will resign from the Fed upon the swearing in of her successor. Although Yellen’s term was not set to expire until 2024, she will now step down from her position early next year.
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Trump reportedly picks Jerome Powell as next Fed Chair

Experts say will play historic role in housing affordability through the next decade
After much anticipation over who will lead the Federal Reserve after current chair Janet Yellen’s term is up next year, President Donald Trump reportedly made his decision on Wednesday. The administration notified the next Fed Chair of its plans to complete the official nomination Thursday morning. Here’s who Trump chose.
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Monday Morning Cup of Coffee: What will Amazon's new HQ do to home prices?

Trump to announce new Fed chair this week
The deadline officially closed on applications to be the home of Amazon’s second headquarters. While the new headquarters is projected to create up to 50,000 new jobs, one negative side effect could be rising home prices for the city. Meanwhile, President Donald Trump is expected to announce next week who the much-anticipated Federal Reserve chair will be.
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Mohamed El-Erian talks rate hikes, future of the Fed, state of housing

Chief economic advisor at Allianz shares economic views at MBA Annual
Speaking at the Mortgage Bankers Association Annual Convention in Denver, Mohamed El-Erian, the chief economic advisor for Allianz and the former chief executive and co-chief investment officer at PIMCO, told the crowd that any concerns over the impact of future rate hikes from the Federal Open Markets Committee, the future leadership of the Federal Reserve, and the looming shrinking of the Fed’s balance sheet are unwarranted.
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