The Latest Breaking News from US Federal Reserve

The Federal Reserve has begun its most challenging inflation-fighting campaign in four decades. And a lot is at stake for consumers, companies and the U.S. economy.

Sarah Bloom Raskin on Tuesday withdrew from consideration to be Federal Reserve vice chair for supervision, according to the White House.

Raskin's nomination was effectively set to fail after Sen. Joe Manchin (D-W.Va) announced his opposition on Monday.

President Joe Biden withdrew Sarah Bloom Raskin's nomination to be vice chair of the Fed after what he called 'baseless attacks.'

The stock market was already experiencing severe volatility owing to the Fed’s upcoming interest rate hikes and multi-decade high inflation. The Russian invasion of Ukraine exacerbated the situation. However, as the economy continues its recovery, growth stocks could outperform the broader market. Thus, it could be wise to add growth…

EUR/USD, despite rebounding late last week, is still clinging to uncomfortably low levels ahead of Wednesday’s Fed interest rate decision. A textbook symmetrical triangle, thrice tested on either side, is now fully formed on the weekly chart. EUR/USD looks ripe to move big, but the big question is when and…

Manchin's party, meanwhile, has widely touted Sarah Bloom Raskin's pedigree

The market’s correction continues to drag on as it’s plagued by a malady of uncertainties. Although it seems like a long time ago, this correction started in January over concerns about the Fed tightening policy. Then, focus shifted to Russia’s invasion of Ukraine which has several, nasty secondary effects in…

In 2017, as Federal Reserve Chairwoman Janet Yellen testified to the Congress on the state of the U.S. economy and fielded questions from the House Financial Services Committee members, a "Buy Bitcoin" sign was raised in the background. In this article, we will calculate how much was this advice really worth.