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Jerome Powell

The Fed wants to bring inflation down to 2%. But why not 3%? Or 5%?

by Matt Levin
Dec 15, 2022
There's not much evidence to suggest that 2% leads to economic magic.
Federal Reserve Chair Jerome Powell on Wednesday reiterated the importance of the central bank's 2% inflation target. Backing off that number now could send the wrong message, some economists believe.
Win McNamee/Getty Images
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Is anyone who lost their job blaming the Fed?

by Matt Levin
Dec 1, 2022
About 225,000 filed unemployment claims last week. The public soured on the Fed the last time it jacked up interest rates to quell inflation.
While the public hasn't soured on Federal Reserve Chair Jerome Powell as much as it did on Paul Volcker in the '80s, a Gallup poll finds approval of the Fed slipping.
Drew Angerer/Getty Images
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Wage growth seems to be slowing. But is it enough to please Fed policymakers?

by Mitchell Hartman
Nov 4, 2022
The central bank watches for signs of wage inflation because it can drive price inflation.
Fed Chair Jerome Powell said wage gains have been “well above” the level needed to come down to Fed’s 2% inflation target.
Chip Somodevilla/Getty Images
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As the Fed cranks up interest rates, critics ring warning bells

by Kai Ryssdal , Sean McHenry and Anais Amin
Oct 5, 2022
Some economists and policy advisers fear that the Federal Reserve's rapid hikes could tip the global economy into a painful recession.
Federal Reserve Chair Jerome Powell speaks on Sept. 21, after the central bank decided to raise rates by 75 basis points for the third consecutive time.
Drew Angerer/Getty Images
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For TikTok maker Kyla Scanlon, it's about making finance fun (and a bit chaotic)

by Kai Ryssdal and Sean McHenry
Sep 7, 2022
Influencer Kyla Scanlon talks about the art of making TikToks on macroeconomics and her battles with algorithms and attention spans.
Kyla Scanlon is the independent economics educator and TikToker behind the "vibecession" theory.
Jarrett Dang/Marketplace
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Inflation is a global problem, but different countries face different pressures

by Victoria Craig
Aug 29, 2022
The U.S. is seeing some moderation in energy and food prices. That's not case overseas.
The energy situation in Europe, given its dependence on Russia, and the labor market forces are different from what we're seeing in the U.S.
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Ahead of Fed's September meeting, some key data on unemployment and inflation

by Nancy Marshall-Genzer
Aug 29, 2022
Fed Chair Jerome Powell has made it clear he will not waiver in the fight against inflation, even if it causes economic pain.
Karen Bleier/AFP via Getty Images
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Play Fed bingo during the Jackson Hole Economic Symposium

by Nancy Marshall-Genzer
Aug 25, 2022
There are some key words to watch for in Fed Chair Jerome Powell’s speech: "data," "inflation" and "unemployment" are among them.
Listen to Fed Chair Jerome Powell's speech at Jackson Hole on Friday and play along with our bingo board to see which key phrases he mentions.
Samuel Corum/Getty Images
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Fed unleashes another three-quarter point interest rate in bid to curb inflation

by Associated Press
Jul 27, 2022
Attempting to curb the highest inflation in more than four decades, the Federal Reserve moved to raise its key rate to a range of 2.25% to 2.5%.
With inflation running at 9.1%, the Federal Reserve raise its key interest rate on Wednesday to the highest range since 2018. Above, Fed Chair Jerome Powell testifies before the House Committee on Financial Services in June.
Win McNamee/Getty Images
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Federal Reserve attacks inflation with its largest rate hike since 1994

by Associated Press
Jun 15, 2022
The central bank is raising its key interest rate by three-quarters of a percentage point.
With inflation at a 40-year high, the Federal Reserve announced Wednesday its highest rate hike since 1994. Above, Fed Chairman Jerome Powell at a press conference on May 4.
Jim Watson/AFP via Getty Images
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