The Senate of the US Congress by a majority vote approved Jerome Powell as the new chairman of the Board of Governors of the Federal Reserve. Senators supported with 84 votes the candidacy proposed by US President Donald Trump. Only 13 senators voted against. The decision was made on an expedited procedure without debate, ...

On June 14, a quarterly increase in interest rates on loans is expected, initiated by the Federal Reserve System (FRS). It will affect millions of borrowers, many of whom will have to pay significantly larger monthly payments on credit cards and other types of loans, CNBC writes. The increase is expected to be ...

The US Federal Reserve System is raising interest rates for the second time. This happened 3 months after the last increase. According to the nbcbayarea.com TV channel, this decision speaks of the stability of the US economy. At the same time, the next increase in the FRS will lead to higher rates on ...

The president of the regional bank of the US Federal Reserve System said on Monday that world markets appear to be in a position to raise interest rates this summer. According to James Bullard, president of the St. Louis Federal Reserve Bank, his opinion should not be "too surprising" given the signs that indicate ...