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Jerome Powell takes the oath of office as the new chairman of the Federal Reserve, Monday, Feb. 5, 2018, in Washington. (AP Photo/Andrew Harnik)
Economy

Jerome Powell pledges ‘vigilance’ as he begins tenure at the Fed

Joseph Lawler -
0
Incoming Federal Reserve Chairman Jerome Powell (pictured left) not only has President Trump's endorsement, but also the support of most Republican senators. That support could help him through difficult economic scenarios in the years ahead. Otherwise, though, he's mostly expected to carry out policy as Janet Yellen, his predecessor, would have. (AP Photo/Carolyn Kaster)
Economy

What to expect from the Jerome Powell era at the Federal Reserve

Joseph Lawler -
0
Wells Fargo agreed to a $1 billion settlement over auto- and mortgage-lending practices, and its growth has been capped by the Federal Reserve.
Business

Fed’s crackdown on Wells Fargo will curb 2018 profit by $400 million, CEO says

James Langford -
0
Last year, Wells Fargo released information showing employees created more than 3 million fictitious accounts in customers' names to reach sales quotas. On Friday, Federal Reserve Chair Janet Yellen said the Fed is penalizing Wells Fargo until it shows that its
Economy

Federal Reserve slaps punishments on Wells Fargo for creating false accounts

Diana Stancy Correll -
0
The Dow Jones Industrial Average fell by more than 600 points, or greater than 2 percent, by late afternoon Friday after investors anticipated more interest rate hikes after a strong jobs report. (AP Photo/Pablo Martinez Monsivais)
Economy

Stocks tumble after strong jobs report raises expectations for Fed rate hikes

Joseph Lawler -
0
Janet Yellen will join the Brookings Institution where she'll join fellow former Fed chairman Ben Bernanke, who has been working and blogging there since leaving the Fed. (AP Photo/Carolyn Kaster)
Economy

Janet Yellen to join Washington think tank after leaving Fed this week

Joseph Lawler -
0
Economists are generally bullish in their outlooks for 2018: Most expect the new U.S. tax cuts, a sturdier global economy and a healthy job market to support consumer and business spending and a steady if modest pace of hiring. (AP Photo/Keith Srakocic, File)
Economy

Job growth bounced back in January with 200,000 new payroll jobs, wage growth strongest since 2009

Joseph Lawler -
0
Jerome Powell is set to be sworn in Monday morning, and Janet Yellen has previously said that she would serve until that point, finishing out her four-year term. (AP Photo/Carolyn Kaster)
Economy

Janet Yellen says goodbye as Jerome Powell prepares to take over Fed

Joseph Lawler -
0
In the test, the country's biggest banks will be subjected to a hypothetical crisis in which unemployment spikes, the stock market collapses, and housing prices tumble. (AP Photo/J. Scott Applewhite, file)
Business

This year’s stress tests will put banks through an even greater hypothetical crisis

Joseph Lawler -
0
During Federal Reserve Chairwoman Janet Yellen's tenure, which began in 2014, the Fed's target short-term interest rate has risen from near zero to between 1.25 percent and 1.5 percent. Yellen, the first woman to lead the world's most influential central bank, will step down when her term expires on Feb. 3. (AP Photo/Pablo Martinez Monsivais, File)
Economy

Yellen’s last act: Fed holds target rate steady

Joseph Lawler -
0
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