What role does the Fed have in mitigating climate change?

Jun 4, 2021
The Fed has to walk a fine line between mitigating disaster and shifting monetary policy to focus on fighting climate change.
Federal Reserve Board Jerome Powell testifies during a hearing on "The Semiannual Monetary Policy Report to the Congress."
Sarah Silbiger/Getty Images

3 Federal Reserve leaders discuss the need for diversity among economists

May 31, 2021
An excerpt from a Federal Reserve conference series about race and the economy focused on diversifying the profession itself.
"We want to be top form, and to do that, we have to be diverse. We have to be inclusive," said Loretta J. Mester, president of the Federal Reserve Bank of Cleveland.
Chip Somodevilla/Getty Images

What is the PCE price index?

May 27, 2021
The personal consumer expenditures price index is one of the Fed's favorite tools for tracking inflation.
When the price of beef rises and people switch to chicken for a few weeks? The PCE tracks that change.
Drew Angerer/Getty Images

Federal Reserve points to risks in the current economy

May 7, 2021
Soaring asset prices, as in the stock market, and risky bets by financial firms could be vulnerabilities.
The lofty levels of stock prices are among the risks to financial stability the Fed is monitoring.
Johannes Eisele/AFP via Getty Images

Fed once again leaves interest rates unchanged

Chair Jerome Powell says the Fed is committed to its goals of 2% inflation and full employment.
Fed Chair Jerome Powell says the higher inflation we’re seeing now in some parts of the economy is temporary, and unemployment is still too high.
Jim Lo Scalzo/Pool/AFP via Getty Images

How consumers are using their latest relief checks

Apr 7, 2021
A Federal Reserve report found consumers are mostly saving the payment. When more Americans are vaccinated, they might spend more.
Many consumers plan to save a big part of their relief payment instead of quickly funneling it into the economy.
Chuyn via Getty Images

How COVID-19 made high-frequency data a go-to economic indicator

Mar 31, 2021
More than ever, economists are turning to alternative forms of data to help them understand the economy in real time.
Geolocation data collected from mobile devices has become a useful pandemic indicator for the CDC, the Federal Reserve and Wall Street analysts.
Frederic J. Brown/AFP via Getty Images

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“This is not Christmas,” Illinois comptroller warns of federal relief money

Mar 16, 2021
“That money is essentially spoken for,” Susana Mendoza says of the $7.5 billion coming to the state from the American Rescue Plan.
Federal relief money offers a chance for Illinois to pay down its debt. Above, a view of Lake Michigan from the Sears Tower Skydeck in Chicago.
Tim Boyle/Getty Images

Did the Federal Reserve make economic inequality worse?

Mar 3, 2021
Fed watcher Karen Petrou believes so, and she says the Fed can fight inequality with targeted policies.
Karen Petrou, author of "Engine of Inequality," laments that investors win and savers lose. "Every time the Fed steps into the market, the markets go up. The markets run by the Fed's clock," she says.
Chip Somodevilla/Getty Images

What Janet Yellen would bring — and face — as treasury secretary

Jan 19, 2021
In her Senate confirmation hearing Tuesday, Yellen is calling on Congress to do more to fight a deep pandemic-induced recession.
Treasury secretary nominee Janet Yellen speaks after President-elect Joe Biden announced his economic team in Wilmington, Delaware, on Dec. 1, 2020.
Chandan Khanna/AFP via Getty Images