Tag Archives: fed chair

After a two-day policy meeting, the Federal Reserve today announced an interest rate hike as expected, after which Fed Chair Janet Yellen addressed her expectations for the tax reform bill Congress is trying to get across the finish line.

On Wednesday, the The Fed Chair will hold a press conference to address the FOMC forecasts releasing that same day. Here’s what else is in store during The Week Ahead.

During a morning session of the Senate Banking Committee, Fed Chair nominee Jerome Powell put a focus not on deregulation, but rather on examining existing rules to ensure they still make sense 10 years after the financial crisis.

Today during a nomination hearing held by the U.S. Senate Banking Committee Brian Montgomery was approved as Assistant Secretary for Housing—Federal Housing Commissioner, U.S. Department of Housing and Urban Development. His nomination will now move to a full Senate vote.

Both nominations are expected to pass the hearings, after which they will still need to be voted on by the full Senate.

President Donald Trump announced today that Jerome Powell, a Federal Reserve board governor who previously worked as a private-equity executive, as Fed Chair to succeed Janet Yellen.