Robert S. Kaplan, president of the Federal Reserve Bank of Dallas, says increased competition is making it harder for companies to raise prices.
As Federal Reserve officials struggle to understand why inflation remains low, two of them give their reasons for being on different sides of the debate.
President Trump nominated Marvin Goodfriend, an economist at Carnegie Mellon University, to an open seat on the Federal Reserve’s board.
Janet L. Yellen, the Federal Reserve chairwoman, told Congress that economic growth broadened in recent months, but could be doing better.
Jerome H. Powell, nominated to be the Fed’s next chairman, told senators he would continue the bank’s current path of monetary and regulatory policies.
Jerome H. Powell plans to tell a Senate committee on Tuesday that he wants to build on the Fed’s approach to monetary and regulatory policy.