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The Economist15h
The best check on Fed politicisation is fear of being judged a failure, says Richard Clarida
The Fed operates with what is known as instrument independence, which means that it can raise or lower interest rates or buy ...
Tracking Trump: Senate prepares budget bill vote; a vulnerable GOP senator skips reelection; Trump goes after Fed chair; and more
Deadline: Trump told Congress to get the bill passed by July 4, but with a 53-seat majority in the Senate and several ...
Fed Chair Jerome Powell accused of lying to Congress over $2.5B ‘Palace of Versailles’ HQ revamp
There’s no VIP dining room, there’s no new marble. There are no special elevators,” Powell insisted under questioning from the powerful panel on Wednesday.
Trump may name a ‘shadow’ Fed chair, an unprecedented development in American history
President Donald Trump said last week that he will announce his pick to succeed Federal Reserve Chair Jerome Powell “very ...
Big banks all pass the Federal Reserve’s stress tests, but the tests were less vigorous this year
The Federal Reserve said all major banks passed this year’s stress tests, showing they can withstand a hypothetical severe ...
Fed chair sends strong message on tariffs to Senate panel
Lawmakers on Capitol Hill spent two days grilling Federal Reserve Chair Jerome Powell on when the American people will know ...
Powell: Fed Must Consider Costs of Being Wrong on Inflation
Federal Reserve Chair Jerome Powell said the central bank is taking a more cautious approach to the effects of President ...
Fed’s Powell repeats warning about tariffs as some GOP senators accuse him of bias
Some GOP senators criticized Powell, however, for characterizing tariffs as a potential driver of inflation. Sen. Pete ...