Federal Reserve

The seventy-two-year-old Fed chairman put to shame the heads of law firms, universities, and public companies who have caved to the White House.

Some central-bank veterans are concerned about a scenario in which the President’s appointees gain effective control of the institution and end its independence.

The President’s authoritarian power grabs are undermining the institutional foundations of the American economy.

The President’s campaign to bend the independent central bank to his will is straight out of the playbook of populist strongmen and will likely go on for years.

With the Fed poised to cut rates for the first time in years, what have we learned about the economic disruptions of the pandemic era?

Strong employment growth and improving consumer sentiment are good news for any Presidential incumbent seeking reëlection.

In many ways, keeping the jobless rate low and the labor markets tight is the most effective and cost-efficient welfare policy there is.

With price increases having greatly moderated, Jay Powell and his colleagues are trying to stick a “soft landing” for the economy.

As the inflation rate continues to fall, a new White House study emphasizes the central role that supply-chain disruptions have played in the economy.

Even as the Fed chair and his colleagues have raised interest rates to bring down inflation, spending and hiring have picked up recently, and G.D.P. growth looks strong.

As First Republic Bank is sold to JPMorgan, the Federal Reserve relearns some important lessons.

The gutting of federal regulations is partially to blame for the bank’s crisis. But so is a belief, prevalent in the finance and tech worlds, that profits will come forever, and that there is little need to plan for a rainy day.

For more than a year, the Fed knew that the bank was headed toward a crisis. Why didn’t it intervene sooner?

Many of the issues surrounding the closure of Silicon Valley Bank are the same ones that the 2008 crisis raised.

Even the experts don’t really know where inflation and jobs are headed.

Republicans have blamed Joe Biden for inflation rates, and Biden has claimed credit for reducing them. But maybe neither is entirely deserved.

By prematurely celebrating a victory over inflation, investors are making it more likely that the Federal Reserve will keep rates higher for longer.

Volatile U.S. financial markets are particularly vulnerable right now to foreign shocks.

Prices are gradually declining over all, and the Fed chief, Jerome Powell, should resist calls for more drastic interest-rate increases.

The models that economists have long relied on to analyze inflation have broken down since the coronavirus pandemic began.