WASHINGTON—U.S. Federal Reserve Chair Jerome Powell on Thursday promised to redouble efforts to find “diverse candidates” to replace two high-profile officials who resigned this week after criticism of their securities trading, as the central bank tried to regroup from a blow to its typically staid, technocratic image. “I can absolutely guarantee you that we will…

WASHINGTON—Ongoing economic growth will push the U.S. to near full employment by the end of 2022, with interest rates beginning to rise that year and “no impediment” to a faster pace of rate hikes after that, Atlanta Federal Reserve bank president Raphael Bostic said Thursday. “I have the economy operating very strong … and nearing…

WASHINGTON—The U.S. labor market is in a “jumble” as workers sort out child care and navigate an ongoing pandemic, but the country remains on track for a full recovery, Atlanta Fed president Raphael Bostic said on Tuesday. “There is a lot of shuffle and a lot of jumble and a lot of turbulence” as people…

Atlanta Federal Reserve Bank President Raphael Bostic on Monday reiterated the U.S. central bank’s commitment to making sure every American who wants a job can have one. “Without clear data demonstrating that an inflationary problem has arrived and is likely to last, we will allow labor markets to run their course, which can further our…

As expectations rise that the Federal Reserve will step up its efforts to contain inflation with bigger interest rate hikes, Chicago Fed President Charles Evans and Atlanta Fed President Raphael Bostic on Thursday provided a somewhat dovish counterpoint. “It’s time that we get off of our emergency stance—I think it’s really appropriate that we move…