Please ensure Javascript is enabled for purposes of website accessibility

Powell

Dec 2, 2019

How a central banker’s low-rate shift showed the way for Fed

In mid-2016, even with unemployment falling and the economy growing modestly, James Bullard, head of the St. Louis Federal Reserve Bank, was concerned. Months earlier, with Bullard’s support, the Fed had raised rates for the first time in seven years. Panicky financial markets responded by sending stocks tumbling. The Fed delayed plans for further rate […]

Dec 2, 2019

How a central banker’s low-rate shift showed the way for Fed

In mid-2016, even with unemployment falling and the economy growing modestly, James Bullard, head of the St. Louis Federal Reserve Bank, was concerned. Months earlier, with Bullard’s support, the Fed had raised rates for the first time in seven years. Panicky financial markets responded by sending stocks tumbling. The Fed delayed plans for further rate […]

Nov 26, 2019

An emerging priority for Powell Fed: The plight of the poor

Testifying to Congress this month, Federal Reserve Chair Jerome Powell sent a message seldom heard from his predecessors: That the Fed should consider the struggles of the lowest-income Americans in setting its interest-rate policies. “We want to remind ourselves,” Powell said, “that prosperity isn’t experienced in all communities. Low- and moderate-income communities in ma[...]

Nov 26, 2019

An emerging priority for Powell Fed: The plight of the poor

Testifying to Congress this month, Federal Reserve Chair Jerome Powell sent a message seldom heard from his predecessors: That the Fed should consider the struggles of the lowest-income Americans in setting its interest-rate policies. “We want to remind ourselves,” Powell said, “that prosperity isn’t experienced in all communities. Low- and moderate-income communities in ma[...]

Oct 9, 2019

Powell sees cooler US hiring in possible hint of rate cuts

Federal Reserve Chairman Jerome Powell said this week that U.S. job growth since early last year was not as robust as thought, a hint that the Fed may be ready to keep cutting interest rates to support the economy. Downward revisions to the government’s hiring data, announced in August, suggest less upward pressure on wages […]

Oct 9, 2019

Powell sees cooler US hiring in possible hint of rate cuts

Federal Reserve Chairman Jerome Powell said this week that U.S. job growth since early last year was not as robust as thought, a hint that the Fed may be ready to keep cutting interest rates to support the economy. Downward revisions to the government’s hiring data, announced in August, suggest less upward pressure on wages […]

Latest Opinion Digests

See all digests

Top stories

See more news