Weak Jobs Data Leaves the Fed Cornered Again
By all appearances, the Federal Reserve remains committed to its most finely honed skill: doing nothing. Despite five consecutive meetings without a single move on...
Tag: Jerome Powell
Trump Gets a Surprise Chance to Reshape the Fed
President Donald Trump has unexpectedly been handed an opportunity to install a new member at the Federal Reserve Board earlier than planned, following the resignation...
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...
Trump Eyes Powell’s Replacement, But Powell Might Outstay the Drama
As Donald Trump and his advisers begin circling for a new Federal Reserve chair, they face an awkward little detail: Jerome Powell might not be...
Fed Forecasts Drift as Trump’s Tariff Storm Clouds Rate Path
Federal Reserve officials are still, somewhat heroically, pencilling in two interest rate cuts in 2025. But their latest projections reveal an increasingly fragmented consensus as...
Washington Flirts with Risk: US Regulators Eye Looser Capital Buffers for Megabanks
In what might generously be described as a curious interpretation of “financial stability,” the United States’ top banking regulators are reportedly considering a reduction of...
Trump’s Monetary’ Rocket Fuel’: A Lesson in Central Bank Arm-Twisting
President Donald Trump is back on his favourite economic hobbyhorse: bullying the Federal Reserve into doing his bidding. His latest social media salvo demanded a...
Interest Rates, Trade Wars, and the Theatre of the Absurd
Managing the economic fallout of a global pandemic might one day be remembered as an easy job for the Federal Reserve, especially compared to navigating...
US Inflation Cools, but Don’t Pop the Champagne Yet
Inflation in the United States was just a touch softer than expected in April, providing policymakers with a momentary sigh of relief and a not-so-subtle...