The amounts involved in the Fed’s quantitative easing have been staggering. Back in 2008, the Fed’s balance sheet had assets of $820 billion. They reached $4.5 trillion — yes, trillion […]
Powell, Jerome H
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Back to news homeFed Signals Rate Increase in March, Citing Inflation and Strong Job Market
Federal Reserve officials signaled on Wednesday that they were on track to raise interest rates in March, given that inflation has been running far above policymakers’ target and that labor […]
CPI December 2021: Inflation Jumped at Fastest Pace Since 1982
Inflation climbed to its highest level in 40 years at the end of 2021, a troubling development for President Biden and economic policymakers as rapid price gains erode consumer confidence […]
A Fed Official’s 2020 Trade Drew Outcry. It Went Further Than First Disclosed.
Richard H. Clarida, the departing vice chair of the Federal Reserve, failed to initially disclose the extent of a financial transaction he made in early 2020 as the Fed was […]
Lingering Virus, Lasting Inflation: A Fed Official Explains Her Pivot
SAN FRANCISCO — Mary C. Daly was in line behind a woman in her neighborhood Walgreens in Oakland, Calif., this fall when she witnessed an upsetting consequence of inflation. The […]
How the 2020s Economy Could Resemble the 1980s
“It was a nasty, nasty fall, but Volcker stuck the landing to the point that many parts of the macroeconomic landscape could be changed and tilted toward prosperity and markets,” […]
Omicron Is an Economic Threat, but Inflation Is Worse, Central Bankers Say
There is still a lot scientists do not know about Omicron. There is cautious optimism — but no certainty — about the effectiveness of vaccines against this fast-spreading variant of […]
Fed Could Raise Rates 3 Times in 2022 and Speeds End of Bond-Buying
Federal Reserve policymakers moved into inflation-fighting mode on Wednesday, saying they would cut back more quickly on their pandemic-era stimulus at a moment of rising prices and strong economic growth, […]
The Fed Meets Amid Faster Inflation and Prepares to React
Federal Reserve officials, worried about rising costs and buoyed by a healing labor market, are pivoting from bolstering the economic recovery to more quickly withdrawing the support that has aided […]
November 2021 CPI: Inflation Rose at Fastest Pace Since 1982
Prices are rising at the fastest clip in nearly 40 years, fresh data released on Friday showed, as supply chain disruptions, rapid consumer demand and rising housing costs fuel an […]