Stanley Fischer said concern "has eased" after the Federal Reserve tightened monetary policy in December.
Sen. Bernie Sanders in an op-ed called for an annual audit of the U.S. central bank and for fewer conflicts of interest among its board members.
Hot on the heels of the Federal Reserve, Hong Kong's central bank raised interest rates by a quarter point. Are others likely to follow too, or will many go the other way and ease monetary policy? David Pollard reports.
Markets expected the interest-rate increase and gradual further hikes after Federal Reserve officials signaled them in recent weeks.
The Fed's decision Wednesday to raise the benchmark interest rate reflects how much the country has healed since the Great Recession.
After the U.S. benchmark rate rose Wednesday for the first time in nine years, financial analysts expect further increases in 2016.
Fed Chair Janet Yellen will hold a news conference at 2:30 p.m. EST to answer questions about the interest rate decision. Click here to watch via live stream.
Prominent economists like Larry Summers and Austan Goolsbee took to the airwaves Tuesday to speak against the widely expected increase.
Investors have placed a record volume of bets that U.S. Treasury prices will react to a hike in interest rates in December.
An internal review of the U.S. Federal Reserve's bank stress tests discovered significant issues in the way the central bank has run them.
The Dow and S&P 500 were under pressure after Federal Reserve Chair Janet Yellen suggested the U.S. central bank may be ready to raise rates.
The Federal Reserve chair said U.S. economic headwinds should ease next year, but the Fed will keep interest rates below historic levels for a while.
With a December rate hike a near certainty, the Fed Chair's speeches Wednesday and Thursday could be critical in setting market expectations about the course of the lift-off.
Data on manufacturing, auto sales, and construction are expected Tuesday as markets bet on a Federal Reserve interest rate increase this month.
With the so-called natural interest rate in the United States now near zero, and equilibrium rates in other countries around the world also lower than in the past, central banks have "significantly less room to maneuver."
Notes from the Federal Reserve's October meeting show most of the committee thought conditions "could well be met" for a year-end rate hike.
Data closely watched by the Federal Reserve's interest rate-setting committee showed prices increasing and U.S. factory output gaining strength.
Many Fed officials, including William Dudley, president of the Federal Reserve Bank of New York, suggested the likelihood of a liftoff from near-zero interest rates by year's end.
Eric Rosengren has in the past spoken about his preference for not waiting too long for a rate hike for fear of falling behind the curve.
A report on the employment situation in the U.S., due Friday, is widely expected to further bolster arguments for a historic rate hike by the Federal Reserve in December.
Investors will keep a close eye on Thursday's event at the New York Fed, where many top policy makers -- including IMF Chief Christine Lagarde -- are scheduled to speak.
The first-of-its-kind hearing will focus on the U.S. Federal Reserve's plans for regulating the nation's banks and overseeing its financial system.