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The committee voted 13-12, along strict party lines, to approve the nomination of Carnegie Mellon professor Marvin Goodfriend. (AP Photo/Jacquelyn Martin)
Economy

Trump’s Fed nominee barely escapes Senate committee vote

Joseph Lawler -
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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 -
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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 -
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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 -
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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 -
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Federal Reserve Chairwoman Janet Yellen will head her last Fed meeting this Tuesday and Wednesday. She will pass the reins on to Trump appointee Jerome Powell. (AP Photo/Carolyn Kaster)
Business

Fed to debate impact of Trump tax cuts at Janet Yellen’s last meeting

Joseph Lawler -
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The 64 year-old Jerome Powell is set to take over from current Chairwoman Janet Yellen when her term expires Feb. 3. (AP Photo/Carolyn Kaster)
Economy

Jerome Powell confirmed as next chairman of the Fed

Joseph Lawler -
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The Senate on Tuesday voted 84-12 to advance Jerome Powell's final confirmation vote to the floor. Powell is President Trump's nominee to head the Federal Reserve. (AP Photo/Carolyn Kaster)
Economy

Jerome Powell heads toward confirmation as Fed chairman as he clears procedural vote

Joseph Lawler -
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Marvin Goodfriend is sworn in before testimony at a Senate Banking Committee hearing on his nomination to be a member of the Federal Reserve Board of Governors, Tuesday, Jan. 23, 2018, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)
Economy

Democrats pound Trump’s Fed nominee: ‘Why were you so wrong?’

Joseph Lawler -
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Ben Bernanke, former chairman of the U.S. Federal Reserve, suggested that Trump Fed chairman nominee Jerome Powell is likely to formally begin re-examining the Fed's target this year and that there
Economy

Ben Bernanke predicts Fed will discuss changing inflation target in 2019

Joseph Lawler -
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