Cutting interest rates by half a percentage point was not action taken after political pressure was applied, the chair of the Federal Reserve Board indicated Tuesday, but was based on what the agency’s rate-setters believed […]
A brief, but exacting, lecture on financial regulator independence was delivered by the top Democrat of the Senate Banking Committee to the top federal credit union regulator at a hearing Thursday in Washington. Sen. Sherrod […]
Congress has granted the nation’s central bank “significant protections” from short-term political pressures – and the bank, in return, owes the public clear explanations about what, and why, it does what it does, the chair […]
Calling one of his predecessors “responsible more than any other person” for an independent and non-politically pressured central bank, today’s chairman of the Federal Reserve referred to that predecessor’s view Monday in underscoring the Fed’s […]
The independence of the nation’s central bank has served the public well, and the chairman of the bank’s board expects to continue his press conferences following meetings of interest rate policy-setting committees, he said Wednesday. […]
The chairman of the Federal Reserve Board said he would not step down if President Donald Trump ordered him to do so or declared he was fired from his position, the central bank leader told […]
Independence of the nation’s central bank from direct political control is an important feature that has served the country well, the chairman of the bank’s board said Tuesday. Speaking during a question and answer session […]
The Federal Reserve will continue to go about its business and not be distracted by political considerations, the chairman of the central bank’s board said Wednesday in backing the independence of his agency. He also […]
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