The Fed’s New Fear: Inflation Has Not Finished Its Work
At first glance, the Federal Reserve still looks suspended in familiar ambiguity: waiting, watching, refusing to move too quickly. But the minutes of its March...
Tag: Jerome Powell
Held Rates, Rising Risks
The bond market has stopped dreaming of rescue. A few weeks ago, investors were still clinging to the idea that the Federal Reserve would ride...
No Cuts, No Illusions: The Fed Rediscovers Inflation
There are moments when central banks guide markets. And there are moments when they remind them, quietly but firmly, who is still in charge. This...
The FED refuses to kneel
If markets were expecting docility, they misread the room. The minutes of the 27–28 January meeting of the Federal Reserve revealed a central bank far...
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...
When the White House Puts a Gun on Monetary Policy
As the Trump administration prepared to anoint the next chair of the US Federal Reserve, it chose instead to fire a warning shot at the...
The Fed Cuts Again: a new piece of theatre
The Federal Reserve, ever anxious to appear both decisive and contemplative, has delivered its third consecutive rate cut, trimming another 25 basis points from the...
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 Minutes: Hawks Circle as Cuts Lose Altitude
Many Federal Reserve officials judged that holding interest rates steady for the rest of 2025 would be the sensible, or at least the least regrettable,...