Fed Chair Jerome Powell is talking tough on inflation.
The economy doesn’t have a real inflation problem, and not recognising the difference is the biggest danger.
What goes up must come down.
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Until recently the Federal Reserve had been purchasing roughly $120 billion of assets every month to support the US economy. The Fed began scaling back those purchases in November and doubled the pace on Dec. 15.
Used car and truck prices are up 31% over the previous year.
AP Photo/David Zalubowski
Inflation is rising at the fastest pace since Ronald Reagan was president.
Stuck in first gear.
China is trying to stimulate bank lending – but it also has longer term problems.
A lot of hot air.
Central bankers are coming under mounting pressure to get inflation under control.
Biden reappointed Jerome Powell, seated at left, to head the Fed. Some progressives wanted him replaced with Lael Brainard, seated right.
AP Photo/Manuel Balce Ceneta
After weeks of mulling, Biden decided to give Powell another term as Fed chair, which means he will have more influence over the trajectory of inflation than anyone else.
Extinction Rebellion protesters outside the Bank of England, September 2021.
Vickie Flores / EPA
Research finds a link between rising temperatures and inflation.
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.
South African Reserve Bank Governor Lesetja Kganyago.
Andrew Caballero-Reynolds/AFP via Getty Images
Central banking was given to technocrats whose job is to make the difficult decisions. But there are parameters. And within these, central bankers must act independently, without fear or favour.
The independence of Australia’s central bank doesn’t make it infallible. It should welcome peer review.
The Reserve Bank governor’s ‘forward guidance’ risks him not adapting to changing circumstances, or undermining his credibility.
The Reserve Bank of Australia is ready to taper off the ‘unconventional’ monetary policy measures introduced in response to the COVID-19 crisis.
A woman walks past the Bank of Canada building in Ottawa in September 2017.
THE CANADIAN PRESS/Adrian Wyld
Unconventional policies can be used to alleviate — instead of exacerbate — inequality, something Canadians are clamouring for. The Bank of Canada needs to rediscover its former innovation zeal.
Since its creation in 1999, the inflation rate in the euro zone has only exceeded 4 percent for a few months, on the eve of the Great Recession of 2008.
Massive stimulus plans combined with rising production costs could lead to expectations that inflation will rise. And that alone could trigger an inflationary spiral not seen in 25 years.
Life below zero.
UK banks have been given six months to prepare for rates going below zero.
If the Reserve Bank had acted as it usually does, the cash rate would have dipped briefly negative in August.
Jim Lo Scalzo/EPA
Janet Yellen is the perfect choice to tackle the worst economic crisis in a century, and the problems that lie beyond.
The government has done a good job so far, but it will have to direct future support to the Australians most likely to spend.
The gold standard didn’t exactly lead to a golden era.
Athitat Shinagowin/EyeEm via Getty Images
While Trump’s nominee to join the Fed favors returning to the gold standard, an economist explains why the US and the rest of the world abandoned it in the first place.
The 9-member Chase Court in 1867, dominated by Northern Republicans.
Alexander Gardner/The U.S. Supreme Court
In the 1860’s, the Supreme Court was a ‘partisan creature’ and President Lincoln and the Republican Party remade it so that it reflected the party’s priorities.