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Monetary policy

Republicans play nice with Powell despite Trump’s criticism

Republicans play nice with Powell despite Trump’s criticism

Minimum capital requirements, Monetary policy, Politics and policy, Regulation and compliance /

Federal Reserve Chair Jerome Powell testifying in the House Financial Services Committee Tuesday morning.Bloomberg News WASHINGTON — House Republicans struck a mostly cordial tone with Federal Reserve Chairman Jerome Powell at a hearing at the House Financial Services Committee.  Trump, ahead of the hearing, called on Republicans to press Powell after he held interest rates […]

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Summers sees Trump naming ‘respected’ replacement for Powell

Summers sees Trump naming ‘respected’ replacement for Powell

Federal Reserve, FOMC, Monetary policy, Politics and policy, Public finance /

Former Treasury Secretary Lawrence Summers said he expects Donald Trump to name a mainstream candidate to replace Federal Reserve Chair Jerome Powell, despite the president’s bashing of the U.S. central bank leader for failing to cut interest rates this yearBloomberg News Former Treasury Secretary Lawrence Summers said he expects Donald Trump to name a mainstream

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Fed likely to hold steady after muted tariff impact in CPI

Fed likely to hold steady after muted tariff impact in CPI

Federal Reserve, Monetary policy, Politics and policy, Tariffs /

David Paul Morris/Bloomberg UPDATE: This article includes a quote from Treasury Sec. Scott Bessent. Inflation rose modestly last month, signaling that the U.S. economy might be feeling the effects of elevated tariffs.  The Consumer Price Index increased 0.1% in May, bringing the year-over-year inflation rate to 2.4%. The monthly increase was less than the 0.2%

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Fed’s Kugler not ready to look past tariff inflation

Fed’s Kugler not ready to look past tariff inflation

Federal Reserve, Monetary policy, Politics and policy, Tariffs /

Federal Reserve Board NEW YORK — At least one Federal Reserve official expects tariffs to lead to higher inflation, and she is worried the effects could be long lasting.  Speaking before the Economic Club of New York on Thursday, Fed Gov. Adriana Kugler said she sees ways in which higher trade barriers could lead to

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Former Fed vice chair Stanley Fischer dies at 81

Former Fed vice chair Stanley Fischer dies at 81

Federal Reserve, Monetary policy, Obituaries, Politics and policy /

Former Federal Reserve Vice Chair and noted macroeconomist Stanley Fischer, who passed away Saturday at 81.Bloomberg News (Bloomberg) — Stanley Fischer, a professor and practitioner of macroeconomics who helped guide central banks in two countries, Israel and the US, and mentored a younger generation of economic decision-makers, has died. He was 81. He died on

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Fed’s Waller backs change to ‘dot plot’ economic outlook

Fed’s Waller backs change to ‘dot plot’ economic outlook

Economy, Monetary policy, Politics and policy, Tariffs /

Federal Reserve Gov. Christopher WallerBloomberg News As the Federal Reserve examines its approach to communications, one official said the central bank should consider changes to its quarterly forecasts. During an onstage appearance at an event hosted by the Bank of Korea, Fed Gov. Christopher Waller said he would like to see reforms to the summary

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April PCE inflation comes in at 2.1%, nearing Fed goal

April PCE inflation comes in at 2.1%, nearing Fed goal

Federal Reserve, Monetary policy, Politics and policy, Tariffs /

Krisztian Bocsi/Bloomberg The Federal Reserve’s preferred measure of inflation continued to inch toward its 2% target last month, but the impact of higher tariffs have yet to reflect meaningfully in government data. The headline Personal Consumption Expenditure, or PCE, index increased 2.1% on an annualized basis in April, according to a report released by the

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Trump to Powell: It’s a ‘mistake’ to not lower interest rates

Donald Trump, Federal Reserve, HWmember, Interest rates, Jerome Powell, Monetary policy, Mortgage, Politics, Regulatory, Trump administration, White House /

President Donald Trump met Thursday with Federal Reserve Chair Jerome Powell at the White House to discuss economic developments, as Trump continues to press the Fed to lower interest rates. During the meeting, Trump told Powell he’s making “a mistake” by not lowering interest rates, the White House said Thursday. The meeting was at Trump’s

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Trump, Powell discuss economic outlook at White House

Trump, Powell discuss economic outlook at White House

Federal Reserve, Monetary policy, Politics and policy /

Andrew Harrer/Bloomberg Federal Reserve Chair Jerome Powell met with President Donald Trump at the White House on Thursday to discuss the economic outlook and monetary policy. During the meeting, Powell did not discuss his outlook for the federal funds rate, according to a statement issued by the Fed on Thursday afternoon. Instead, the central bank

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FOMC minutes reveal disagreement on possible tariff impacts

FOMC minutes reveal disagreement on possible tariff impacts

Federal Reserve, Monetary policy, Politics and policy /

Federal Reserve Federal Reserve officials were split about the potential inflationary impact of higher tariff rates during the central bank’s monetary policy meeting last month. Some members of the Federal Open Market Committee voiced concern that elevated import taxes could result in supply chain disruptions that lead to “persistent effects on inflation, reminiscent of such

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