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.
AP Photo/Mark Lennihan
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.
Drew Angerer/Getty Images
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.
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
President Trump has been attacking the Fed’s current policy of slowly raising interest rates. A former central bank official explains why that’s so troubling.
This man may soon be the world’s ‘second-most-powerful person.’
AP Photo/Andrew Harnik
The chair of the Federal Reserve is often considered the world’s ‘second-most-powerful person.’ So who is Jerome Powell and why does it matter that he may soon head the Fed?