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Alan Greenspan's greatest legacy may be the Fed's independence

by Kai Ryssdal and Sean McHenry
Jan 10, 2024
Greenspan ignored political pressure to cut interest rates so that he could bring down inflation, says author Sebastian Mallaby.
Where did Alan Greenspan, above, go wrong? "In thinking that 2% inflation was the be-all and end-all," says Sebastian Mallaby, "because it turns out, of course, that economies can be disrupted by things other than the price of eggs going up too fast."
Saul Loeb/AFP via Getty Images
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What does Jerome Powell mean when he calls the economy "resilient?"

by Mitchell Hartman
Nov 2, 2023
Could be good, could be bad.
Federal Reserve Chair Jerome Powell called the current economy resilient. Whether it actually is depends on how you define resilience.
Kevin Dietsch/Getty Images
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Biden seeks to keep Powell in place, elevate Brainard at Federal Reserve

by Sabri Ben-Achour
Nov 22, 2021
Brainard will be nominated for vice chair. The two officials typically agree on monetary policy but sometimes diverge on regulation.
President Joe Biden names Jerome Powell, left, as his nominee for Federal Reserve chair and Lael Brainard, right, as vice chair.
Jim Watson/AFP via Getty Images
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Will the Fed use regional openings to diversify its leadership?

by Nancy Marshall-Genzer
Oct 7, 2021
A group of directors at each regional bank is in charge of forming a search committee to hire a new president.
Federal Reserve Chairman Jerome Powell has expressed support for diversifying the regional Fed banks.
Kevin Dietsch via Getty Images
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Fed says not to worry about debt right now. But we have to, eventually.

by Andy Uhler
Apr 29, 2020
Politicians never want to tell voters about the need to balance the budget through tax hikes or spending cuts.
"This is not the time" to worry about debt, Jerome Powell, chair of the Federal Reserve, said at the Federal Open Market Committee meeting on Wednesday in Washington, D.C.
Federal Reserve via Getty Images
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Can Trump fire Fed Chair Jerome Powell?

by Adriene Hill , Janet Nguyen and Daisy Palacios
Dec 24, 2018
The president isn’t happy with the Federal Reserve’s interest rate hikes.
President Donald Trump looks on as his nominee for the chairman of the Federal Reserve, Jerome Powell, speaks during a press event at the White House last year.
Drew Angerer/Getty Images
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The Federal Reserve

Fed Chair Jay Powell: We’re “independent of political considerations”

by Kai Ryssdal
Jul 12, 2018
In a 30 minute conversation, Chairman Powell discusses tariffs, political pressure on the Fed and wage stagnation.
Jerome Powell listens as President Trump announces Powell as nominee for Chairman of the Federal Reserve in the Rose Garden of the White House in Washington, DC, November 2, 2017.
SAUL LOEB/AFP/Getty Images
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Quiz: Who said it? Powell versus Yellen

by Donna Tam , Sarah Menendez and Arjuna Soriano
Feb 27, 2018
The two Fed chairs have very similar mindsets when it comes to monetary policy. Can you even tell the difference?
Alex Wong, Zach Gibson/ Getty Images
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Goodbye, Janet Yellen

by Lizzie O'Leary
Feb 2, 2018
The Federal Reserve's first female chair brought an era of steadiness to the central bank.
Federal Reserve Chair Janet Yellen.
JEWEL SAMAD/AFP/Getty Images
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Federal Reserve raises interest rates ahead of the tax reform deal

by Marketplace Contributor
Dec 13, 2017
It's a third time this year that the Fed has increased interest rates.
Federal Reserve Chairman Janet Yellen arrives for a hearing of the Joint Economic Committee on Capitol Hill, November 29, 2017, in Washington, DC.
Brendan Smialowski/AFP/Getty Images
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