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Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee at the headquarters of the Federal Reserve on Wednesday after he announced the Fed was raising interest rates by three-quarters of a percentage point. Drew Angerer/Getty Images hide caption
Former U.S. Deputy Treasury Secretary Sarah Bloom Raskin, shown here before the opening ceremony of the Asia-Pacific Economic Cooperation finance ministers meeting in Beijing in 2014 is one of the three nominees President Joe Biden announced for the Federal Reserve's Board of Governors on Friday. Andy Wong/AP file photo hide caption
A sign for the China Evergrande Centre, the Hong Kong home for China Evergrande Group, is shown last week. Fears of a debt default at the property developer sparked a global stock market sell-off on Monday. Peter Parks/AFP via Getty Images hide caption
A Chinese Real Estate Company Is Walloping Your Stocks. Here's Why
Federal Reserve Chair Jerome Powell appears before the Senate Banking, Housing and Urban Affairs Committee in July. The Fed is facing a key decision of when to start withdrawing some of the stimulus it has provided to markets during the pandemic. Win McNamee/Getty Images hide caption
It's Called The Bond Taper. Yes, It's Geeky. But This Is Why You Should Know About It
Judy Shelton appears before the Senate Banking, Housing, and Urban Affairs Committee in February. President Trump's nominee to the Federal Reserve has said she supports the gold standard and has questioned the mission of the central bank. J. Scott Applewhite/AP hide caption
Former Republican presidential candidate Herman Cain addresses the Americans for Prosperity Presidential Forum on Feb. 25, 2012, in Troy, Mich. President Trump says he plans to nominate Cain to a vacant spot on the Federal Reserve Board. Scott Olson/Getty Images hide caption
Jerome Powell, President Trump's pick for chairman of the Federal Reserve, testifying before a Senate committee in November 2017. He was confirmed by the full Senate on Tuesday. Carolyn Kaster/AP hide caption
President Trump could ask Janet Yellen to stay on as the Federal Reserve chair, but other names are also circulating. Pablo Martinez Monsivais/AP hide caption
Next Fed Chair Will Help Determine Pace Of Interest Rate Hikes
Federal Reserve Board Chair Janet Yellen told Congress on Thursday she didn't agree with President-elect Donald Trump's plans for more infrastructure spending and less banking regulation. Win McNamee/Getty Images hide caption
A New York Stock Exchange trader works on the floor on Dec. 17. Stocks rose nearly 300 points after the Federal Reserve announced it plans to begin raising interest rates next year. Andrew Burton/Getty Images hide caption
Economy Weathers A Bad Winter And Other Storms To Finish 2014 Strong
The Senate has approved Janet Yellen as the next head of the Federal Reserve. At a ceremony commemorating the Fed's centennial last month, Yellen sat with (from left-to-right) former chairmen Paul Volker and Alan Greenspan, and current Fed leader Ben Bernanke. Mark Wilson/Getty Images hide caption
Traders work at the New York Stock Exchange Wednesday. Stocks rose in the moments after details of the Federal Reserve's latest policy meeting were released today. Richard Drew/AP hide caption