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Articles on FOMC

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Fed Chair Janet Yellen heads one of the most powerful financial institutions in the world. Reuters/Carlos Barria

How Trump’s nominee for the Fed could turn central banking on its head

Randal Quarles, the president’s first nominee to the Federal Reserve’s board of governors, has argued the bank should use rules to make decisions. But could such a shift prove disastrous in a crisis?
if you like to drink (or sell) German beer, higher rates are a wonderful thing. Matthias Schrader/AP Photo

Why higher interest rates should make you happy

While borrowers may not be thrilled by the Federal Reserve’s decision to raise rates, many of us have plenty of reason to celebrate.
The Fed’s low-interest rate garden. Money shoots via www.shutterstock.com

How the Fed joined the fight against climate change

Ultra-low interest rates have made low-carbon projects like windmill farms more attractive than coal power plants. That will begin to change as the central bank lifts rates, hurting the green economy.

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