The Federal Reserve has warned for months that wrestling rapid inflation back to a normal pace was likely to be a bumpy process, a reality underscored by fresh data on […]
Powell, Jerome H
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Back to news homeWill Inflation Keep Slowing? The Key Areas to Watch
President Biden has openly celebrated recent inflation reports, and Federal Reserve officials have also breathed a sigh of relief as rapid price gains show signs of losing steam.But the pressing […]
Fed Chair Powell in Jackson Hole: Inflation Fight Isn’t Over
Jerome H. Powell, the chair of the Federal Reserve, pledged during a closely watched speech that his central bank would stick by its push to stamp out high inflation “until […]
How the Jackson Hole Conference Became an Economic Obsession
Filmmakers have Cannes. Billionaires have Davos. Economists? They have Jackson Hole.The world’s most exclusive economic get-together takes place this week in the valley at the base of the Teton mountains, […]
Is Good News Finally Good News Again?
Good news is bad news: It had been the mantra in economic circles ever since inflation took off in early 2021. A strong job market and rapid consumer spending risked […]
Wall St. Pessimists Are Getting Used to Being Wrong
Beaten as they might be by the stock market’s rally, worriers on Wall Street still question how long it can last. Their numbers are shrinking, though.After starting the year with […]
Fed Raises Interest Rates After a Pause and Leaves Door Open to More
Federal Reserve officials raised interest rates to their highest level in 22 years and left the door open to further action as they continued their 16-month campaign to wrestle inflation […]
What to Watch at the Federal Reserve’s July Meeting
The Federal Reserve is widely expected to raise interest rates at its meeting on Wednesday, and economists will be watching for hints at what officials expect next — and how […]
Key Inflation Gauge Cooled in May, Welcome News for Federal Reserve
The Federal Reserve’s preferred inflation measure cooled in May, mildly encouraging news that could give policymakers confidence that price increases are still moderating — though progress remains slow.Although inflation has […]
Top Central Bankers Expect More Rate Increases Amid Stubborn Inflation
Central bankers from the world’s leading economies said on Wednesday that while they had raised interest rates significantly, additional increases would very likely be needed to wrestle inflation back under […]