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United States

Ann Saphir

Factbox: Janet Yellen's road to U.S. Treasury Secretary

4:24pm EST

SAN FRANCISCO Janet Yellen, 74, is President-elect Joe Biden's pick to be Treasury Secretary, according to two Democratic allies.

FACTBOX-Janet Yellen's road to U.S. Treasury Secretary

4:13pm EST

SAN FRANCISCO, Nov 23 Janet Yellen, 74, is President-elect Joe Biden's pick to be Treasury Secretary, according to two Democratic allies.

Analysis: Fed faces ill political winds as Biden prepares for White House

Nov 20 2020

The U.S. Congress' rapid response to the coronavirus pandemic in March was meant to unleash a $4 trillion fire hose of credit for a stricken economy, distributed broadly by the Federal Reserve to help firms and markets survive a once-in-a-century collapse.

Mnuchin pulls plug on some pandemic lending programs that Fed considers essential

Nov 20 2020

U.S. Treasury Secretary Steven Mnuchin said on Thursday that key pandemic lending programs at the Federal Reserve would expire on Dec. 31, putting the outgoing Trump administration at odds with the central bank and potentially adding stress to the economy as President-elect Joe Biden organizes his administration.

Fed's Powell signals emergency credit programs should be extended

Nov 17 2020

WASHINGTON Federal Reserve Chair Jerome Powell said on Tuesday it was not time to shut down emergency programs aimed at battling the economic fallout from the coronavirus pandemic, with cases again surging and the economy left with "a long way to go" to recover.

Trump nominee Shelton's path to Fed narrows as virus spreads

Nov 17 2020

WASHINGTON The path to the Federal Reserve for President Donald Trump's controversial nominee Judy Shelton narrowed Tuesday after the Senate blocked a key procedural vote and a Republican senator who was one of her supporters said he came down with the coronavirus. | Video

Fed moves closer to joining global peers in climate-change fight

Nov 13 2020

The Federal Reserve is moving closer to joining an international group of central bankers working to understand and reduce climate change risk, paving the way for the world's most influential central bank to help shape global financial markets' response to a warming world.

Trump's final Fed picks may get Senate nod next week

Nov 12 2020

President Donald Trump looks set to put his final stamp on the Federal Reserve just weeks after being voted out of office, with the Senate expected to approve his picks soon to fill the last two open seats at the U.S. central bank.

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