The Federal Reserve is still buying bonds as prices surge. Some praise the central bank’s continuing policy pivot; others ask if it was fast enough.
The S&P 500 slid into correction territory before rallying, and signals on Wall Street show that investors have become markedly more pessimistic.
The White House is emphasizing that inflation is worldwide. Economists say that’s true — but stimulus-spurred consumer buying is also to blame.
Stocks are off to their worst start of a year since 2016 as the central bank pulls back the enormous stimulus programs it began in the early months of the pandemic.
A Biden initiative comes in for weirdly vehement criticism.
Christoper Leonard’s “The Lords of Easy Money” takes aim at the Fed’s decision to inject new money into the banking system.
Inflation and the coronavirus did not hold back the stock market last year, but in 2022, investors face new worries.
The nominees would bring more diverse leadership to the Fed, which has struggled to expand its ranks.
The Consumer Price Index increased at the fastest pace in 40 years, a new report showed.
The Federal Reserve chair is testifying before lawmakers as he seeks Senate confirmation to a second term.
Richard Clarida, the vice chair of the Federal Reserve, will leave on Friday, two weeks ahead of schedule. Updated disclosures showed rapid moves out of and back into stocks as the central bank prepared to reassure markets.
The gain of 199,000 was the weakest of the year, but not for lack of demand: The unemployment rate fell to 3.9 percent, and wages increased.
In 2021, policymakers actually got it mostly right.
Corrected disclosures show that Vice Chair Richard H. Clarida sold a stock fund, then swiftly repurchased it before a big Fed announcement.
Minutes from the Federal Reserve’s December meeting show that officials are contemplating when and how quickly to lift interest rates.
Inflation unchecked can become a father to extremism.
Shares soared as interest rates stayed low and stimulus programs helped the economy. But expected changes could make investors wary.
The Fed’s preferred inflation gauge, the Personal Consumption Expenditures index, climbed 5.7 percent in November from a year earlier.
It depends on whether Jerome Powell at the Fed can pull a reverse Paul Volcker.
Will we revisit that 1980s show?
Higher interest rates could put a cap on rising costs, but it could also make the economy worse for workers.
A surge in wages and benefits got his attention. Other data soon confirmed his concern.
Federal Reserve officials suggested as many as three interest rate increases in 2022 as the economy heals and inflation persists.
What is inflation, why is it up, and who does it hurt? A run through common questions about the ongoing price burst.
The Federal Reserve could announce plans to cut economic support faster, and may signal 2022 rate increases, at its Dec. 14-15 meeting.
Age, region, education and income all influence what people think consumer prices will be a few years from now. And that creates a policy puzzle.
It’s better to act more aggressively now than wait and risk sparking a recession later.
The Consumer Price Index is rising sharply, a concern for Washington policymakers and a sign of the rising costs facing American households.
Price gains have moved up sharply for months, but the fact that the trend is lasting and broadening has newly put policymakers on red alert.
The central bank has spent years guarding against economic blows. Now it is in inflation-fighting mode, even as a potential risk emerges.
Employers reported adding 210,000 jobs, the year’s weakest showing, but there were also bright spots. The mixed picture complicated policy prospects.
The number of jobs added was below expectations, but otherwise the report shows an economy on the right track.
The Biden administration was set to tell a court on Friday what it thinks should happen, but obtained a delay until Jan. 28.
The Federal Reserve could pull back economic support faster as inflation lasts, and its chair signaled that for now the Omicron variant is a “risk.”
Some central bank officials suggested a quicker pace of tapering economic stimulus might be needed.
For now, doves rule the roost.
The White House returned to a longstanding pattern in which presidents reappoint the same leader of the Federal Reserve regardless of partisan identity.
The longtime Washington insider is now the central bank’s No. 2. That could give her more bandwidth to influence policy.
Now that Jerome Powell has been renominated to head the Federal Reserve, he needs to turn the temperature down.
Joe Biden’s pick to head the Federal Reserve is coming down to Jay Powell or Lael Brainard.
Why didn’t they listen?
A focus on the challenges of the Great Recession has fueled some of the challenges of this crisis.
The Consumer Price Index rose 6.2 percent in October from a year ago, its fastest increase since 1990. That is bad news for President Biden and the central bank.
In the tug of war between wage growth and rising prices, it is not yet clear who is winning. It could matter for the Federal Reserve.
The Federal Reserve is dealing with high inflation at a time when millions of workers remain on the job market’s sidelines.
The Federal Reserve is expected to announce plans at 2 p.m. Wednesday to slow its bond buying while leaving interest rates near zero. But the focus is on what comes next.
The Federal Reserve is expected to announce a plan to taper off its bond buying. With inflation surging, economists’ eyes are already turning to rates.
Digital payments technology is forcing the financial system to evolve. Banks feel their power waning and want to regain control.
Inflation is as much a psychological process as an economic one. And a key indicator of inflation expectations has risen in recent days, which could ultimately lead to higher interest rates.
President Biden has a chance to overhaul the stale culture of central banking.