Yellen Says She’ll Leave Fed Once Powell Is Sworn In as Chairman

Fed Expected to Leave Policy Unchanged

Gold Silver Reports – Federal Reserve Chair Janet Yellen said she will step down from its Board of Governors once her successor is sworn into the office, widening the scope for President Donald Trump to shape the U.S. central bank’s leadership for years to come.

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Fed’s Williams Lays Out Case for Considering Price Level Target

Federal Reserve Bank

Gold Silver Reports – Fed’s Williams Lays Out Case for Considering Price Level Target – In a world where the underlying growth potential of the economy is hard to pin down, targeting a price level — rather than a precise, 2 percent inflation goal — could be effective, Federal Reserve Bank of San Francisco President John Williams argues in new research.

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Donald Trump Nominates Fed’s Jerome Powell to Lead US Central Bank

Interest Rate Cut
Gold Silver Reports – US President Donald Trump on Thursday tapped Fed governor Jerome Powell to become head of the US central bank, promoting a soft-spoken centrist to replace Janet Yellen when her term expires in February 2018.     

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