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Federal Reserve

Election 2024

November's Fed meeting will move to avoid Election Day

by Nancy Marshall-Genzer
Sep 18, 2024
Because there happens to be an election on the Tuesday when the Fed would normally meet.
Stefani Reynolds/AFP via Getty Images
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With the Fed set to cut interest rates, the dollar is losing a bit of its shine with foreign investors

by Stephanie Hughes
Sep 16, 2024
That could be good news for U.S. exporters, though.
Sociology professor, Brooke Harrington, reveals how the offshore financial system can weaken economies and democracy in her new book, “Offshore: Stealth Wealth and the New Colonialism.”
Tomohiro Ohsumi/Getty Images
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What actually happens once the Fed announces an interest rate cut

by Justin Ho
Sep 16, 2024
The Federal Reserve is likely to cut rates when it meets this week. Once Fed officials announce a rate cut, the gears of monetary policy start turning.
Interest on things like credit card debt and home equity lines of credit will drop as soon as the Federal Reserve starts lowering interest rates.
Mandel Ngan/AFP via Getty Images
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Election 2024

That time the Fed bowed to political pressure before an election

by David Brancaccio and Alex Schroeder
Sep 6, 2024
It was the lead-up to the 1972 presidential election. An era of "stagflation" was ahead. And President Richard Nixon had a plan.
After first winning the presidential election in 1968, Richard Nixon sought a boost to win reelection in 1972. So he devised a scheme to influence the Fed — and monetary policy — for a friendly economic environment in the lead-up.
AFP via Getty Images
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The last time inflation was under 3% was March 2021

by Kristin Schwab
Aug 21, 2024
The economy — and life —has changed a lot since.
The world looked very different the last time inflation rates dipped under 3%.
Montinique Monroe/Getty Images
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Federal Reserve's path to 2% inflation could be short but tricky

by Kristin Schwab
Aug 20, 2024
Because data lags, the current level is uncertain. Plus, key factors like unemployment and the commercial property market are volatile.
The Fed may start cutting interest rates before inflation reaches its 2% target because data lags behind current conditions. It's like looking at the rearview mirror while driving.
Amy Toensing/Getty Images
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Survey suggests consumers are waiting for Fed rate decision before next big financial move

by Daniel Ackerman
Aug 20, 2024
The Nerd Wallet survey found many respondents are waiting for lower interest rates before borrowing to buy a car or refinance a loan.
Roughly a quarter of NerdWallet survey respondents reported that they're waiting to buy a car until the Federal Reserve cuts interest rates.
Scott Olson/Getty Images
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Mountain hikes, cowboy hats: Why the Fed's Jackson Hole event is the hottest ticket in econ

by Nancy Marshall-Genzer
Aug 19, 2024
An invitation-only chance to get up close and personal with Chair Jerome Powell.
From left to right, President of the European Central Bank Christine Lagarde, Bank of Japan Gov. Kazuo Ueda, and chair of the Federal Reserve Jerome Powell (all sans cowboy hat) during the Jackson Hole Economic Symposium 2023.
Natalie Behring/Getty Images
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Atlanta Fed’s Bostic calls on patience amid the clamor for interest rate cuts

by Kai Ryssdal and Sofia Terenzio
Aug 15, 2024
Despite high prices, “wages are growing faster than inflation," and families’ purchasing power is growing, he says.
"The first thing I think is inflation is getting back to target in an orderly way," says Raphael Bostic, president and CEO of the Atlanta Fed, about the CPI falling to 2.9%.
Stephen Nowland/Federal Reserve Bank of Atlanta
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Why does the Federal Reserve maintain its independence?

by Elizabeth Trovall
Aug 9, 2024
The insulation of the Central Bank from political headwinds helps the U.S. economy run.
Mandel Ngan/AFP via Getty Images
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