Why low unemployment might not lead to higher inflation

Feb 21, 2018
The unemployment rate is at 4.1 percent — the lowest level since 2000.
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For Dallas Fed president, sustaining long-term growth will take more than tax cuts

Robert Kaplan says fiscal policy should bring less debt and focus on economic fundamentals.
Pedestrians walk past the New York Stock Exchange.
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Here's what five people named Jerome Powell think about the economy

Feb 12, 2018
A little perspective for the Federal Reserve chair as he starts his term.
 Jerome Powell testifies during his confirmation hearing before the Senate Banking, Housing and Urban Affairs Committee on Nov. 28, 2017 on Capitol Hill in Washington, D.C.
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Hey, wait. My hamburger just got more expensive.

Feb 9, 2018
The plunge in the stock market this week has been widely ascribed to fears that inflation is coming. But for large parts of the American economy — namely, business — inflation is already here. From car companies to restaurant groups, American companies are paying higher prices for raw materials and ingredients. The Labor Department’s Producer Price Index […]

What the Fed's crackdown on Wells Fargo says about the future of financial regulation

Feb 5, 2018
Jerome Powell was sworn in as the new chairman of the Federal Reserve today. But it’s his predecessor, Janet Yellen, who’s making waves in the markets. Last Friday, in one of her last actions as Fed chair, Yellen slapped an unprecedented penalty on Wells Fargo. The bank can no longer grow larger until it makes […]

The long and twisting story of how Jay Powell became our next Federal Reserve chair

Feb 5, 2018
Feuding congressmen, a formula to set monetary policy and the Swedes all played a part in this epic Twitter thread. We've set it to music.
Jerome Powell will be sworn in as chair of the Federal Reserve on Monday.
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For public good, not for profit.

What kind of Federal Reserve is Jerome Powell taking over?

The Fed hiked interest rates three times in 2017.
Jerome Powell, Trump's nominee for chair of the Federal Reserve, testifies during his confirmation hearing before the Senate Banking, Housing and Urban Affairs Committee on Nov. 28, 2017 on Capitol Hill in Washington, D.C.
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The Fed's surprise move 10 years ago set the tone for its crisis response

Jan 23, 2018
Ten years ago this week, the Fed unexpectedly slashed interest rates at an unscheduled meeting. It was the first of many "bold" actions by the Fed during the financial crisis.
Federal Reserve Board Chairman Ben Bernanke testifies during a hearing before the House Budget Committee Jan. 17, 2008 on Capitol Hill in Washington, D.C. Bernanke was on the Hill to give his views on the outlook of U.S. economy and he said the economy has been growing slow.
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The U.S. dollar loses ground

Jan 2, 2018
The value of the dollar dropped some 10 percent in 2017. That’s the greenback’s worst performance in more than a decade. And analysts say the dollar could lose even more ground this year.  Click the audio player above to hear the full story.