He was the No. 2 at the Federal Reserve and the I.M.F. during periods of economic turmoil, and he mentored future economic leaders, like Ben Bernanke.
Category: Federal Reserve System
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PCE Inflation Stayed Subdued in April Amid Trump’s Tariff Limbo
The Federal Reserve has put interest rate cuts on hold until it has more clarity about President Trump’s policies.
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We Are Witnessing the Bond Market’s Power to Intimidate
Gaping budget deficits, on-again-off-again tariff wars and now, soaring bond yields. No wonder the markets are jumpy, our columnist says.
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Trump Meets With Powell After Months of Disparaging the Fed
Jerome H. Powell stressed in his first meeting since the president returned to the White House that policy decisions would be “based solely on careful, objective and nonpolitical analysis.”
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Fed ‘Well Positioned’ to Wait on Rate Cuts Even as Economic Risks Rise, Minutes Show
Officials at the Federal Reserve have adopted a wait-and-see approach to policy moves amid extreme uncertainty about the economic outlook.
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Pivoting From Tax Cuts to Tariffs, Trump Ignores Economic Warning Signs
The president’s economic policy approach is so far rattling markets, businesses and consumers.
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The Stock Market’s Boomerang Month Has Put Investors in a Bind
Although they long for more clarity about tariffs, investors feel they can’t sit on the sidelines as stocks climb.
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Jerome Powell, a Potential Winner from the Trade Reprieve
The markets have come around to the Federal Reserve chairman’s cautious approach to lowering interest rates. President Trump could be a tougher convert.
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Fed Official Still Bracing for Economic Slowdown Despite China Tariff Pause
Austan D. Goolsbee, president of the Chicago Fed, said there was still a risk of higher consumer prices and slower growth amid elevated uncertainty about the White House’s trade policy.
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Inside the U.S.-China Trade Cease-Fire
Global markets are rallying on optimism over Washington and Beijing reaching a major, if temporary, détente in their tariff fight.