The Fed Pauses. Politics Looms
Jerome Powell has two formal opportunities left to move interest rates before the end of his term at the helm of the Federal Reserve. He...
Tag: Christopher Waller
When the Fed Loses the Plot
Investor certainty over a December rate cut, a confidence the Federal Reserve had itself so carefully stage-managed, has evaporated with theatrical brutality. US Treasuries endured...
Fed Hawks Rebel as Powell’s Grip Slips
Three senior Federal Reserve officials have publicly distanced themselves from this week’s rate cut, underscoring the widening rift within the US central bank, and quietly...
The Fed’s Great Balance-Sheet Diet: Still Counting the Calories
Several participants at the Federal Reserve’s September policy meeting noted the importance of keeping a close eye on money market conditions — and of gauging...
The Fed Cuts Rates — and Walks Straight into the Fog
As widely expected, the Federal Reserve trimmed its policy rate by a quarter point on 17 September. The move was well-telegraphed, and Chair Jerome Powell...
Powell Buys Time as Trump’s Shadow Looms Over the Fed
Jerome Powell, the beleaguered chairman of the Federal Reserve, managed to herd a divided committee into backing a quarter-point rate cut, the first of the...
The Fed’s Balancing Act: Independence Meets Irrelevance
According to the minutes of the latest Federal Open Market Committee meeting, most Federal Reserve officials now see inflation as the bigger threat compared to...
Trump’s Fed: Cuts Now, Credibility Later
President Donald Trump’s decision to temporarily fill a vacant seat at the Federal Reserve gives him two gifts in one: an ally at the central...
The Fed’s Poker Face in a Rigged Game
Federal Reserve officials appear determined to keep interest rates on hold, at least for a bit longer. But don’t mistake this for unity. Behind the...