Fed Vice Chair Stanley Fischer suggested that inflation may be about to increase while affirming his belief that the Phillips Curve — the inverse relation between unemployment and inflation — is still is worth watching after six years of declining unemployment and flat to falling inflation.
ROGER FERGUSON: He was
Fed vice chair from 1999 to 2006, under Alan Greenspan, and, if nominated, would be the first black man to lead the bank.
If you listen to public chatter, it's going to be a toss - up between
Fed Vice Chair Janet Yellen, the long - time favourite among economists, and former U.S. Treasury Secretary Lawrence Summers, whom the Washington Post «s Ezra Klein says is at the top of Barack Obama's short - list.
Economic data has been mixed, and
Fed Vice Chair Stanley Fischer said Tuesday that it's too early to assess the impact of recent market volatility.
Not exact matches
Randal Quarles, the Federal Reserve's
vice chair for supervision, said earlier this month the
Fed has no policy toward regulation of bitcoin but «it certainly is something that is worth thinking about.»
Yellen is expected to
chair the committee's next meeting on Jan. 30 - 31 for what will be her last FOMC gathering of her time on the committee spanning three decades as
chair,
vice chair, San Francisco
Fed president and governor.
President Trump is considering San Francisco
Fed President John Williams to be the central bank's next
vice chair, a source told CNBC.
Powell can now pursue that end along with Trump appointee Randal Quarles, the
Fed's new
vice chair for supervision.
Fed watchers will have ample opportunity to read more tea leaves in the coming week with four
Fed officials speaking publicly: Federal Reserve
Vice Chair Stanley Fischer will talk in Tel Aviv on Tuesday while Richmond Federal Reserve Bank President Jeffrey Lacker will be in Baton Rouge.
Not only has
Fed Chairman Ben Bernanke indicated that the federal funds rate will probably stay at rock bottom until 2015 in his latest public communication, but
Vice Chair Janet Yellen, who is the front - runner to succeed him if he leaves in January, would be least likely to hike up short - term rates prematurely.
His exit has opened the door for his chief rival, Janet Yellen, the
Fed's
vice chair.
Fed officials shook up the markets in late August when Yellen and two of her inner circle —
Vice Chair Stanley Fischer and New York
Fed President William Dudley — said a rate hike is possible in September.
One of the leading candidates to replace Bernanke is Janet Yellen,
vice chair of the
Fed and a stalwart defender of its existing policies.
Doves: Chairman Ben Bernanke Bill Dudley,
Vice Chairman and President of the New York
Fed Elizabeth Duke, Board of Governors Charles Evans, President, Chicago
Fed Jerome Powell, Board of Governors Sarah Raskin, Board of Governors Eric Rosengren, President, Boston
Fed Jeremy Stein, Board of Governors Daniel Tarullo, Board of Governors Janet Yellen,
Vice Chair, Board of Governors
Hawkish comments from the troika of
Fed chair Janet Yellen, Vice Chair Stanley Fischer and New York Fed president William Dudley helped seal expectations of a March
chair Janet Yellen,
Vice Chair Stanley Fischer and New York Fed president William Dudley helped seal expectations of a March
Chair Stanley Fischer and New York
Fed president William Dudley helped seal expectations of a March hike.
Combined with the unexpectedly early departure of the
Fed's
vice chair, Stanley Fischer, and the three pre-existing vacancies out of the seven seats on the
Fed's board of governors, there has remained a high degree of uncertainty about the future composition of the central bank's leadership.
In a speech outlining her position on the future of financial regulation in Washington, Brainard hardened a growing schism with
Fed Chairman Powell and
Vice Chair Randal Quarles, who last week voted in favor of recalibrating a key bank capital rule.
First, there was the
Fed's
Vice Chair talking up a rate hike — just after Janet Yellen provided a rather dovish speech.
Three Democratic senators signed a letter encouraging President Barack Obama to nominate the current
vice chair of the
Fed and former chairman of the White House Council of Economic Advisers to the post, according to Senate aides.
Beverly Willett, the
vice chair of the Coalition of Divorce Reform, writes in a recent article about «the true matter of Kraft using this polarized device that
feeds into the fears that many couples have and keeps them from getting married.»