All smiles as Fed Chair Jay Powell signals he’s confident he’s winning the inflation fight.
AP Photo/Ben Curtis
The relatively large rate cut signals that the Fed is shifting its focus from fighting inflation to supporting the labor market, an economist explains.
Economic observers had their eye the symposium at Jackson Hole, Wyoming for possible hints about monetary policy direction.
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The annual symposium brought the world’s central bankers together in Wyoming.
Donald Trump appointed Jerome Powell as chair of the Federal Reserve. If returned to the White House, he may seek to replace him.
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Monetary policy can be wielded as a tool to boost an economy around election time, which explains why politicians want to have a say on it.
When will Fed Chair Jerome Powell lower the curtains on the inflation battle?
AP Photo/Alex Brandon
The central bank is ‘really in risk management mode,’ its chairman said.
Central bankers, policymakers and academics meet annually at Jackson Hole, Wyoming to discuss the economy.
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The world’s central banks face a range of dilemmas, not least whether high inflation – and therefore high interest rates – will become permanent.
‘Default doomscrolling’ again, Mr. Powell?
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Major players in the financial system are pondering the unthinkable as the US inches closer to an unprecedented default.
Fed chair Jerome Powell opted for a cautious approach on rates.
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The Fed raised rates by a quarter-point – less aggressive than had been expected before the current banking crisis, but signaling inflation is still its focus.
The Fed has a mandate that keeps its focus on the U.S.
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The Fed’s recent rate hikes are contributing to higher prices and growing recession risks around the world, yet there are good reasons why the US central bank has to keep its focus domestic.
Fed Chair Jerome Powell indicated further hikes to come.
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The Federal Reserve hiked interest rates by an additional three-quarters of a percentage point. An economist explains what this means for the economy.
Does Fed Chair Jerome Powell have the tools to tackle racial disparities?
AP Photo/Patrick Semansky
Central bankers are expected to discuss the racial income and wealth gaps during the virtual Jackson Hole retreat. But an economist argues that the Fed is not suited for addressing these issues.
Prices, prices, prices.
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Debate is raging about whether the recent burst of inflation is temporary or here to stay.
America’s top economists like to tell stories.
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Realizing that economics is a lot like fiction helps us better evaluate the claims economists make about the world we all live in.
Storm clouds are stirring over the Fed.
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Like Congress with its $2 trillion bailout, the Fed is engaged in an unprecedented effort to save the US economy and financial system from collapse.
A sea of red.
AP Photo/Craig Ruttle
The Fed slashed interest rates to near zero but, just as in 2008, it will require unprecedented action to calm panicky markets.
The Fed’s Jerome Powell keeps his cards close to his chest.
AP Photo/Patrick Semansky
The US economy may be in worse shape than it seems.
Why is this man smiling?
AP Photo/Richard Drew
An economist unravels the seeming contradiction between stocks flirting with all-time highs and growing fears of a recession.
Wall Street traders watch as Fed Chair Jerome Powell speaks.
Reuters/Brendan McDermid
The Fed’s decision to cut interest rates for the first time since 2008 could lead to economic policies that are even more reckless.
Relationships can be tough.
Reuters/Carlos Barria
President Trump has discussed firing Fed Chair Jerome Powell over the central bank’s interest rate policies. Research shows this kind of political meddling is usually bad for the economy.
Sluggish jobs growth may compel Federal Reserve Board Chair Powell to take action.
Reuters/Yuri Gripas
The Fed said it’s ready to act to ‘sustain the expansion.’ The latest jobs report suggests it may have to act soon.
The U.S. Federal Reserve raised interest rates as of Dec. 19.
Reuters/Brendan McDermid
The Federal Reserve opted to lift interest rates in a snub to stock investors who have been bleeding red for more than two months.