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Yellen says gradual Fed rate hikes needed to prevent overheating

Former Federal Reserve Chair Janet Yellen said higher interest rates will be needed to keep the U.S. economy from overheating, though the pace must...

Fed resists upgrading long-run growth outlook after tax cuts

Federal Reserve officials are showing surprise at just how much the recently-enacted tax cuts are boosting the U.S. economy. But they’re still not impressed...

Yellen’s bequest: a healthy economy and questions over Fed’s future policy

WASHINGTON -- US Federal Reserve Governor Jerome Powell will inherit healthy economic growth and a consensus on monetary policy at least for the next...