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Powell discusses how monetary policymakers arrive at consensus, the value of transparency and the issues that influence interest rate decisions.
Fed Chairman Powell told a congressional committee not to expect a victory lap when and if the Fed decides it has finally beaten inflation.
“Wage growth now is greater than inflation,” Bostic says. “But I don’t think people feel like they’ve caught up all the way and that’s just going to take some time.”
Federal Reserve chair Jerome Powell said that we “don’t really know” why long-term bond yields have been going up.
Dissent on interest rate decisions might send mixed messages to Wall Street about where the economy is headed.
January was an outlier for jobs, spending and inflation — but can we rely on seasonally adjusted data when the past three Januarys have been so weird?
When we focus on recent months rather than year-on-year increases, inflation numbers look pretty good, says economist Alan Blinder.
The prominent economist Mohamed El-Erian said the Fed is still “behind the curve” on inflation.
For those who understand Fed lingo, the minutes can hint at divisions or disagreements, and where Fed policy may be headed.
Former Federal Reserve chairman Ben Bernanke’s new book charts a history of “remarkable innovation and change.”