The US Federal Reserve has never before been this transparent about its policymaking process − but that might not be a good thing.
Articles on Jerome Powell
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Though Trump clearly remains sceptical of central bank independence, his appointment of Warsh suggests he recognises the importance Fed credibility.
Trump’s pick to helm the Fed is well known in the financial world, but his monetary policy views have evolved to align more with the president’s desire for lower rates.
The president wants to see low interest rates to boost economic activity – but a spending spree could leave Americans facing runaway prices.
The investigation follows Fed Chair Jerome Powell’s refusal to toe the White House’s line over interest rate cuts.
The stagflation crisis of the 1970s stands as a clear warning of what might happen if the Fed’s independence is compromised.
Politicians have long coveted control over monetary policy. Good economic governance requires that they don’t get it.
Dismissing Jerome Powell would be a serious breach of long-standing norms of central bank independence. That doesn’t mean we shouldn’t take the possibility seriously.
The relatively large rate cut signals that the Fed is shifting its focus from fighting inflation to supporting the labor market, an economist explains.
The annual symposium brought the world’s central bankers together in Wyoming.
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.
The central bank is ‘really in risk management mode,’ its chairman said.
The world’s central banks face a range of dilemmas, not least whether high inflation – and therefore high interest rates – will become permanent.
Major players in the financial system are pondering the unthinkable as the US inches closer to an unprecedented default.
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’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.
The Federal Reserve hiked interest rates by an additional three-quarters of a percentage point. An economist explains what this means for the economy.
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.
Debate is raging about whether the recent burst of inflation is temporary or here to stay.
Realizing that economics is a lot like fiction helps us better evaluate the claims economists make about the world we all live in.
Top contributors
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Professor of Political Science, Michigan State University
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Lecturer in Politics, Department of Government and International Relations, University of Sydney
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Emeritus Professor of Economics, New York University
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Associate Professor of Economics, West Virginia University
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Professor of International Economic Affairs at The Fletcher School, Tufts University
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Associate Professor of Finance, Mississippi State University
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Professor of Finance and Fred T. Tattersall Excellence in Finance Research Chair, West Virginia University
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Professor or Political Science, Department of Government, University of Essex
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Senior Lecturer in Business and Economics, Sheffield Hallam University
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Associate Professor of Finance, University of Nebraska Omaha
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Professor of Economics, Skidmore College
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Professor of Economics, Wesleyan University
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Associate Professor of Finance, Indiana University
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Lecturer in Behavioural Sciences, Lancaster University
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Professor and Extension Economist, North Carolina State University