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Federal Reserve Chairman Jerome Powell testifies Tuesday before the House Financial Services Committee in Washington. "My personal outlook for the economy has strengthened since December," he said. Jacquelyn Martin/AP hide caption

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Jacquelyn Martin/AP

New Fed Chief Sees Interest Rates Continuing To Rise As Economy Strengthens

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Federal Reserve Chair Janet Yellen waits for a hearing of the Joint Economic Committee in Washington, D.C., on Nov. 29, 2017. Brendan Smialowski/AFP/Getty Images hide caption

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Brendan Smialowski/AFP/Getty Images

With Focus On Unemployment, Yellen Led Fed Through Tough Balancing Act

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Federal Reserve Chair Janet Yellen, who will step down in February, has said she thinks the forces that have been holding inflation down are temporary and that she expects it will soon be on the rise again. Alex Wong/Getty Images hide caption

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Alex Wong/Getty Images

Fed Raises Interest Rates Again As Economy Rolls On

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Senate Majority Leader Mitch McConnell addressed a tax reform news conference on Capitol Hill last Thursday, alongside Sen. Shelley Moore Capito of West Virginia and representatives of small-business groups. Chip Somodevilla/Getty Images hide caption

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Chip Somodevilla/Getty Images

Is This The Right Time For a Big Tax Cut?

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Jerome Powell, nominated to be the next chairman of the Federal Reserve Board, testifies Tuesday during his confirmation hearing before the Senate Banking Committee. Alex Wong/Getty Images hide caption

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Alex Wong/Getty Images

Trump's Pick For Fed Signals Interest Rate Hike Likely Next Month

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Fed Chair Janet Yellen on Monday submitted her resignation from the Federal Reserve Board. Earlier this month, President Trump named Jerome Powell to be the next Fed chair. Chip Somodevilla/Getty Images hide caption

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Chip Somodevilla/Getty Images

Jerome Powell was nominated to the Federal Reserve Board by former President Barack Obama in 2012. Bloomberg/Bloomberg via Getty Images hide caption

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Bloomberg/Bloomberg via Getty Images

Trump Picks Federal Reserve Insider Jerome Powell To Be Its Chairman

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President Trump hasn't said whether he will reappoint Federal Reserve Chair Janet Yellen to a second term. He is expected to announce his decision Thursday. Chip Somodevilla/Getty Images hide caption

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Chip Somodevilla/Getty Images

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

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Pablo Martinez Monsivais/AP

Next Fed Chair Will Help Determine Pace Of Interest Rate Hikes

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Stanley Fischer, who is resigning as Federal Reserve vice chair, says releasing transcripts of Fed meetings immediately could inhibit frank discussions among policymakers. Jennifer Kerrigan/NPR hide caption

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Jennifer Kerrigan/NPR

Fed's Departing Vice Chair On Stocks, The Federal Debt And Transparency

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Federal Reserve Board Chair Janet Yellen says the process of unwinding the central bank's massive bond holdings will be gradual. Chip Somodevilla/Getty Images hide caption

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Chip Somodevilla/Getty Images

Fed's Unwinding Of Crisis Programs Expected To Push Up Interest Rates Very Gradually

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Former Fed Chairman Ben Bernanke says the tax cuts proposed by President Trump could boost the budget deficit. Manuel Balce Ceneta/AP hide caption

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Manuel Balce Ceneta/AP

In His Post-Fed Life, Bernanke Talks Taxes, Trump And Partisan Perceptions

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Trump's economic adviser Gary Cohn (left) and adviser Jared Kushner listen to President Trump at a meeting with business leaders Jan. 23. Chip Somodevilla/Getty Images hide caption

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Chip Somodevilla/Getty Images

Trump's Flip-Flops On Economics Move Policies Toward The Status Quo

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Federal Reserve Chair Janet Yellen speaks during a House Financial Services Committee hearing in Washington, D.C., on Sept. 28. Andrew Harrer/Bloomberg via Getty Images hide caption

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Andrew Harrer/Bloomberg via Getty Images