Jerome Powell spoke Oct. 19 and said the Federal Open Market Committee would be “proceeding carefully.”

Here’s why the last part of getting to that 2% inflation target might be like trying to lose that last 10 pounds.

In 2022, Powell warned of painful moves to get inflation under control.

The move lifted the Fed’s benchmark short-term rate from roughly 5.1% to 5.3% — its highest level in 22 years.

A concept popularized by Milton Friedman in the 1960s still influences how the Fed talks about monetary policy today.

Technology that can cause banks to fail overnight could force the Federal Reserve to upgrade its infrastructure, while continuing basic regulation to prevent failures from occurring in the first place.

Jerome Powell has stuck to the same script on whether more interest rate increases are coming — but that script has a cliffhanger ending.

For the first time in 15 months, the Federal Reserve has kept its key interest rate unchanged.

We ran some of the statements Fed Chair Jerome Powell made at his press conference this week.

The Fed’s rate increases over the past 14 months, aimed at quelling inflation, have elevated the cost of loans and heightened the risk of a recession.