Ann Saphir

Five challenges Powell could face in his next term as Fed chair

Nov 22 2021

U.S. President Joe Biden's decision to reappoint Federal Reserve Chair Jerome Powell arrives at a critical juncture for the central bank.

As inflation surges, Fed to debate faster taper, earlier rate hikes

Nov 19 2021

Federal Reserve policymakers are publicly debating whether to withdraw support for the U.S. economy more quickly to deal with surging inflation, with one of the central bank's most influential officials signaling on Friday that the idea will be on the table at the Fed's next meeting.

Senators weigh in on potential Fed chair candidates as Biden nears pick

Nov 19 2021

As President Joe Biden nears a decision on appointing a Federal Reserve chair, action over the matter continued to pick up on Friday in the U.S. Senate, which must confirm the choice, with a key moderate Democrat seeking time with the potential nominees and two more progressive lawmakers voicing opposition to the incumbent, Jerome Powell.

Dallas Fed begins search for new president, hires search firm

Nov 17 2021

The Federal Reserve Bank of Dallas has kicked off a search for a new president to replace Robert Kaplan, the bank's previous top executive who left last month after a scandal over his personal financial transactions.

Fed's inflation debate heats up as Biden nears Fed chair pick

Nov 16 2021

A public debate among Federal Reserve policymakers over how to respond to high inflation intensified on Tuesday, even as U.S. President Joe Biden neared a decision about who will lead the central bank for the next four years.

Fed's Daly looks to mid-2022 for more clarity on jobs, inflation

Nov 09 2021

(Reuters) -San Francisco Federal Reserve Bank President Mary Daly on Tuesday said it will be mid-2022 before there is clarity on the true state of the labor market and the outlook for inflation, urging policy patience in the meantime.

Fed officials turn focus to rate debate, eye on jobs, inflation

Nov 08 2021

WASHINGTON (Reuters) -U.S. Federal Reserve officials on Monday turned their focus toward a debate over monetary policy that will heat up in coming months as the Fed slows the pace of its asset purchases, clearing the decks for interest rate hikes as soon as next year.

Fed sings the 'transitory' inflation refrain, unveils bond-buying 'taper'

Nov 03 2021

WASHINGTON The Federal Reserve threw its weight back behind the drive for a full U.S. jobs recovery on Wednesday, restating its belief that current high inflation is "expected to be transitory" and, despite risks to that view, arguing that price pressures will ease and pave the way for stronger employment and economic growth in the months to come. | Video

Fed's bond-buying timeline: roaring entry, boring exit?

Nov 02 2021

It is hardly a secret by now that the Federal Reserve is going to reduce its support for the U.S. economy soon: starting this month it will likely begin to pare its monthly asset purchases by $15 billion each month until ending them by mid-2022.

World News