Support the fact-based journalism you rely on with a donation to Marketplace today. Give Now!

Fed Chair Powell to report to Congress on the COVID-19 economy

Jun 16, 2020
He's expected to elaborate on his pessimistic forecast that millions of people who have lost their jobs during the pandemic may not get them back.
Federal Reserve Chair Jerome Powell
Mark Makela/Getty Images

The Fed may have been wrong about the economy for years

Dec 11, 2019
2019 saw a major shift in monetary policy. Does that mean the Fed has been wrong about the economy for years?
Fed Chair Jerome Powell speaks following the final FOMC meeting of 2019.
Alex Wong/Getty

Mortgage rates and the Federal Reserve, explained

Dec 9, 2019
Here's why long-term interest rates don't always move with the Fed.
Justin Sullivan/Getty Images

Fed meets ahead of interest rate decision

Oct 30, 2019
Economists think another interest rate cut is on the way.
A view of the U.S. Federal Reserve building. 
KAREN BLEIER/AFP/Getty Images

A divided Fed reduces rates but may not cut again this year

Sep 18, 2019
The modest cut — to a range of 1.75% to 2% — irritates Trump, who has insisted on more aggressive action.
Jerome Powell, chair of the Federal Reserve's board of governors, speaks during a conference at the Federal Reserve Bank of Chicago in June.
Scott Olson/Getty Images

Why the Fed decided to be transparent

Jul 30, 2019
The Federal Reserve used to be an economic black box. Now Chair Powell holds press conferences throughout the year. How'd it get to this point?
Federal Reserve Chair Jerome Powell decided to hold press conferences after each Federal Open Market Committee meeting beginning in January.
Win McNamee/Getty Images

What the Fed may be weighing as it decides what to do about interest rates

Jul 29, 2019
Unemployment is low. Consumer spending is high. But we're also in a trade war with China, and growth is slowing around the world.
A view of the Federal Reserve building in Washington, D.C.
Brendan Smialowski/AFP/Getty Images)

For public good, not for profit.

What the Federal Reserve’s policy statements can reveal about its mindset

Jun 19, 2019
A single word can indicate the central bank’s attitude toward interest rates.
Federal Reserve statements are scrutinized for clues about the Fed’s future actions. Above, Fed Chair Jerome Powell.
Scott Olson/Getty Images

Fed's challenge: to spur inflation

Jun 18, 2019
The FOMC meets this week to set interest rate policy, and it faces a slowing economy with inflation falling.
The Federal Reserve building in Washington, D.C.
Chip Somodevilla/Getty Images

What’s the Fed saying about interest rates? We asked a linguist

Feb 20, 2019
Jessica Rett of UCLA helps us parse the central bank's language.
Brendan Smialowski/AFP/Getty Images