Fed chief struggles to manage a wild card: Trump trade wars
After the Federal Reserve cut interest rates Wednesday for the first time in a decade, Chairman Jerome Powell made a striking acknowledgement: In the Trump era, the Fed faces a steep learning curve.
Powell says U.S. economy healthy and rate hikes aren’t automatic
Federal Reserve Chairman Jerome Powell cast a bright picture of the U.S. economy Wednesday and appeared to suggest that the Fed might consider a pause in its interest rate hikes next year to assess the impact of its credit tightening.
Where White House touts a boom, most economists see a blip
Is the latest pickup in U.S. economic growth destined to slow in the years ahead as most analysts say? Or, as the Trump administration insists, is the economy on the cusp of an explosive boom that will reward Americans?…
Column: What does it mean when the Fed says it should ‘normalize’?
As the economy has returned to normal following the financial crisis and the unusually steep recession that it triggered, the Federal Reserve now represents its intended course as “normalizing” monetary policy. Harvard's Ben Friedman explains what the Fed means by…
Federal Reserve Chair Janet Yellen pointed Tuesday to a solid U.S. job market and economy and said the Fed will likely resume raising interest rates in the next few months.
The Federal Reserve hiked a benchmark interest rate on Wednesday. Largely expected but only the second time since 2008, it was a big deal for Fed Chair Janet Yellen to make the announcement. Why now? Jeffrey Brown speaks with Diane…
In our news wrap Wednesday, President-elect Donald Trump met with leaders of tech giants like Amazon, Google and Facebook, saying he will personally be there for them. During the campaign, he chastised the industry for sending jobs overseas. Also, short-term…
Recent events in the global economy are increasing the likelihood that the Fed will have to reverse its course on raising interest rates.
We need to look at the big picture, and when we do, we might conclude today’s decision probably doesn’t matter that much.
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