Citing concerns about going outside its statutory mandate, the Federal Reserve Board of Governors voted to leave the Network ...
Five of the Fed's seven governors voted in favor of leaving the network, including Chair Jerome Powell. Governors Michael Barr and Adriana Kugler abstained.
The central bank said it had decided to leave the network after the group’s work “increasingly broadened in scope.” ...
Top Federal Reserve officials — including Chair Jerome Powell — are increasingly pointing to an obscure price gauge as a ...
The price measure, whose methodology differs from the central bank's preferred inflation gauge, offers a different picture of ...
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