Can Trump fire Fed Chair Jerome Powell?

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.
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Minneapolis Fed President Neel Kashkari says raising interest rates too soon could lead to a recession

The Federal Reserve has raised interest rates for the fourth time this year.
Neel Kashkari, then the acting interim assistant secretary for financial stabilization at the Treasury Department, arrives for a hearing on Capitol Hill back in 2009.
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Interest rates: where they hurt and where they help you

Dec 19, 2018
The Fed has hiked interest rates for the fourth time this year. Here’s how this major decision could affect your savings and borrowing rates.
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Fed lifts rates for 4th time this year but sees fewer hikes

Dec 19, 2018
The quarter-point hike, to a range of 2.25 percent to 2.5 percent, lifts the Fed’s benchmark rate to its highest point since 2008.
Federal Reserve Board Chairman Jerome Powell speaks during a press conference in Washington, DC, September 26, 2018.
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Federal Reserve chairs love to talk about their toolkit. But what’s in it?

We take a look at the tools at the Fed's disposal when it comes to keeping the economy humming along.
 The Federal Reserve building.
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For public good, not for profit.

What The Fed can learn from the Soviets' tiny, useless nail problem

Nov 12, 2018
How can the lesson of producing too many tiny, useless nails inform the Federal Reserve's decision to control inflation?
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Fed has to walk fine line on inflation as wages rise

Nov 2, 2018
U.S. businesses ramped up hiring in October, and wages rose by the largest year-over-year amount in nearly a decade. In the final major economic report before Tuesday’s congressional elections, the government said U.S. employers added 250,000 jobs in October. The unemployment rate stayed at a five-decade low of 3.7 percent. Classic economic theory predicts at […]

Here's how the Federal Reserve determines the inflation rate

Oct 11, 2018
The Consumer Price Index tracks the average price change over time for a “basket”  of goods and services. The CPI takes into account things like food, transportation and health care. If the CPI goes up, that’s considered an indication that the inflation rate is rising. But when the Federal Reserve calculates the inflation rate, it […]
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