Jerome Powell

Vice Chairman Randal Quarles’ public dissent raises questions about how the board will proceed on other policy debates.

The panel has had 13 public meetings since the Massachusetts senator’s last appearance, in May.

Former central bank chiefs Alan Greenspan, Paul Volcker, Janet Yellen and Ben Bernanke said the Fed must be allowed to act "free of short-term political pressures and ... without the threat of removal or demotion."

“It wouldn't be unusual” for the Federal Reserve to work alongside private-sector operators in the creation of a U.S. real-time payments system, its chairman said.

Among other things, the letter asked the regulators to ease requirements for a new community bank leverage ratio and analyze the impact of the pending CECL accounting change.

A group of senators on the Banking Committee sent a letter to the central bank chairman grilling him on the agency's efforts to develop a real-time payments system.

The central bank has a long history of fighting reforms to the Community Reinvestment Act, until now.

Federal Reserve Chairman Jerome Powell’s job is safe for now, according to Larry Kudlow, top economic adviser to President Donald Trump.

Lawmakers have just three weeks before their August recess to make a host of decisions on issues related to credit unions.

Lending to companies with heavy debt loads is a growing business — one that many fear could lead to the next financial crisis.