Bank investors expect continued strength in 2022 because yields on loans could rise along with Federal Reserve rate hikes.
There wasn't a Black member of the Fed's board of governors until 1966. Part of the problem: too much emphasis on Ivy League economists.
Despite Federal Reserve action, inflation may persist for homes, but gasoline and food prices may respond more quickly.
Most of them need a little time to slow the economy down.
It opens the door to interest rate hikes.
Brainard will be nominated for vice chair. The two officials typically agree on monetary policy but sometimes diverge on regulation.
Treasury Secretary Janet Yellen says inflation should ease by next year, but anxiety about that is still running high.
Critics have intensified calls for a new Federal Reserve chair following Powell's financial disclosures, says Rachel Siegel of The Washington Post.
There are seven members of the board of governors. Usually.
A group of directors at each regional bank is in charge of forming a search committee to hire a new president.