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...
Tag: Michelle Bowman
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...
Trump’s Fed Takeover: A Recipe for Chaos
President-elect Donald Trump’s advisers are busy scheming how to reshape the Federal Reserve’s leadership, reportedly eyeing Fed Governor Michelle Bowman for the vice-chair role overseeing...
Powell’s Slow Dismantling of Rate Hikes: A Measured Stroll Through Economic Uncertainty
With the fading echoes of the global inflation shock now receding, the trend towards lower borrowing costs seems poised to gain momentum as economies face...