The Fed is likely to get a new chairman next month, but there are still two job openings just below that post. President Trump controls one. Opponents see the other as an opportunity.
Though last year’s contribution — made from revenue on its portfolio of bond holdings — declined from 2016, it was well above the average in years before the financial crisis.
The Federal Reserve is welcoming a debate among economists about proposed changes that might improve its response to future economic downturns.
The Federal Reserve chair (don’t call her “chairwoman”) quietly achieved rock-star status. Now that she’s leaving, her many fans are sad to see her go.
Economists expect the report to show that the economy added about 200,000 jobs in November, a modest slowdown from October’s 261,000.
Charles L. Evans, president of the Federal Reserve Bank of Chicago, said he did not understand the urgency to raise rates in December, given the sluggish pace of inflation.