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Fed Chairwoman Janet Yellen, whose term ends in February, is not the only official who Trump must replace. He also will likely have to appoint a new vice chairman and three other governors at the seven-member Board of Governors. He has nominated one candidate, Randal Quarles, for the post of vice chairman of supervision. (AP Photo/Pablo Martinez Monsivais, File)
Economy

Trump faces short timeline, major challenges in reshaping Fed

Joseph Lawler -
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The month's job growth fell shy of economist's expectations, which were for 180,000 new jobs. (AP Photo/Marcio Jose Sanchez)
Economy

Economy adds 156,000 jobs in August, unemployment ticks up to 4.4 percent

Joseph Lawler -
0
Janet Yellen issued a defense of the post-crisis banking rules on Friday, and dismissed the idea put forward by the Trump administration that those regulations are slowing growth. (AP Photo/Brennan Linsley, File)
Economy

Janet Yellen rejects Trump arguments that Obama-era bank regs are slowing growth

Joseph Lawler -
0
Will Goldman Sachs Alum Gary Cohn Take Over the Fed Next Year?
Magazine

Will Goldman Sachs Alum Gary Cohn Take Over the Fed Next Year?

Irwin M. Stelzer -
0
Economy

Fed official: Tax reform would increase growth, but tax cuts wouldn’t

Joseph Lawler -
0
Robust job growth this year has emboldened Chairwoman Janet Yellen and others at the Fed to begin shrinking the large balance sheet they built up through successive rounds of bond purchases, commonly referred to as quantitative easing. (AP Photo/Susan Walsh)
Economy

Fed likely to begin reversing crisis-era stimulus next month, meeting notes suggest

Joseph Lawler -
0
Total household debt rose $114 billion in the second quarter to $12.84 trillion, according to the report, eclipsing the previous all-time peak set in the first quarter. (AP Photo/Elise Amendola)
Economy

Household debt hits new record high, credit card delinquencies rising

Joseph Lawler -
0
Gary Cohn, a top adviser to President Trump, would be a viable candidate to replace Janet Yellen as chairman of the Federal Reserve, a top official in the central bank system said Monday. (AP Photo/Evan Vucci)
Economy

Gary Cohn would be a ‘reasonable’ candidate for Fed chairman, key official says

Joseph Lawler -
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James Bullard, the president of the Federal Reserve Bank of St. Louis, said in an interview on Bloomberg TV that economic growth is likely to putter along at a 2 percent rate at least for the next year. (AP Photo/Ted S. Warren)
Economy

Fed official: Don’t expect faster growth soon

Joseph Lawler -
0
Business

Fed official: Businesses claiming worker shortages without raising wages ‘sounds like whining’

Joseph Lawler -
0
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