Former Consumer Financial Protection Bureau Director Richard Cordray is in the running for the top regulatory position at the Federal Reserve.
“We tend to use [the word transitory] to mean that it won’t leave a permanent mark in the form of higher inflation,” Fed Jerome Powell told Congress.
The Fed is "very much behind the curve' on inflation, Jeremy Siegel, prominent finance professor at the Wharton School, says.
Major struggle lies ahead in coming month in U.S. Senate. Democrats can't lose any votes within party if they are to send Build Back Better to Biden.
We've heard from progressives a desire to raise taxes on billionaires and millionaires, now have opportunity to do that, it's proving very difficult.
Federal Reserve Bank of Atlanta President Raphael Bostic said the central bank may need to speed up its removal of monetary stimulus.
Frustration runs among progressives eager for Fed to crack down on Wall Street and step up efforts to tackle climate change & community lending rules.