The Latest Breaking News from Chicago Fed

The dollar index (DXY00 ) on Tuesday rose by +0.12%. The dollar saw support from stronger-than-expected U.S. manufacturing production and NAHB housing reports, which pushed T-note yields higher. In addition, hawkish Fed comments Tuesday from Chicago Fed President Goolsbee and Richmond Fed President Barkin gave the dollar a boost. Weakness...

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Tuesday closed unchanged, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.29%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.67%. Stock indexes Tuesday settled mixed, with the Dow Jones Industrials...

The dollar index (DXY00 ) on Tuesday fell by -0.37%. Dovish Fed comments Tuesday from Chicago Fed President Goolsbee and New York Fed President Williams weighed on the dollar. Also, strength in the euro weighed on the dollar Tuesday after a gauge of Eurozone investor confidence rose more than expected....

WASHINGTON — The search firm hired by the Federal Reserve Bank of Chicago to help find a new president includes among its executives the wife of Austan Goolsbee, the person ultimately picked for the role.

White House officials have reached out to a key Democratic ally in the Senate to discuss filling the vacant role of Fed vice chair, with the Wall Street Journal reporting that Chicago Fed President Austan Goolsbee is under consideration for the post.

Austan Goolsbee, an economics professor at the University of Chicago who is a frequent commentator in opinion columns and television appearances, will succeed Charles Evans.

Austan Goolsbee, who was a top economic adviser to President Barack Obama, has been chosen as the next president of the Federal Reserve Bank of Chicago, the regional Fed bank announced

U.S. stocks traded lower this morning, with the Nasdaq Composite dropping more than 200 points on Monday.

The Chicago Fed indicates that business conditions have declined and expectations for economic growth for the next six to 12 months are weak.

Charles Evans will retire early next year after 15 years as president of the Federal Reserve Bank of Chicago, a tenure that made him the longest-serving regional Fed president

While Chicago Federal Reserve Bank President Charles Evans was wrong in assuming inflation would be transitory, he's optimistic about the strength of the economy, he said Monday in Detroit.