Jerome Powell
Fed communication drives house price expectations – NBER paper
Researchers find people’s expectations vary widely and depend on clear explanations
Fed raises rates by 25bp as it chases lower core inflation
Policy-makers still need to “take away the punch bowl”, economist says
Boston Fed expands programme to get people back into work
FedNow created high demand for IT roles, which sparked programme’s inception
Kansas City Fed warns slow wage growth could spur debt problems
Subprime auto debt back above pre-pandemic levels and consumer debt at highest level ever
A troubling trilemma
Central banks need to tread a fine line as they serve as the economy’s police, fire brigade and paramedics
Fed’s Bullard revises rate projection upward
Policy-maker says bank stress likely to fade but inflation fight continues
Fed raises rates 25bp and signals possible halt soon
Credit tightening may substitute for further rate hikes, Powell says
Central banks step up dollar liquidity support
But initial auction results show little evidence of pressure on dollar funding
Fed launches supervision review in wake of SVB collapse
Vice-chair for supervision says central bank needs to show “humility” after bank failure
Fed creates new liquidity backstop amid contagion fears
Valuing collateral at par marks significant break with rules on standard liquidity facilities
What is happening to US wages?
Economists disagree over causes of real wage stagnation
How US demographics complicate the Fed’s job
Ageing population and pandemic legacy are confounding economists’ predictions
BoT’s Sethaput on inflation dynamics, central bank mandates and multi-lateral payments
The Bank of Thailand governor speaks with Christopher Jeffery about the trend towards higher inflation, the sustainable finance challenge, experiments with CBDCs and governance issues related to multi-lateral payments
Fed slows tightening cycle again with 25bp rate rise
More rate hikes likely as Powell expresses concern over expectations “getting unanchored”
Wanted: radical ideas for inflation modelling
Hedge funds echo Mervyn King’s calls for a new approach to inflation modelling post-2022 crisis
Lael Brainard may take White House post
Biden could ask Federal Reserve vice-chair to lead economic council, reports say
Federal Reserve chair Powell infected with Covid-19
Illness means he may not be able to attend next rate-setting meeting in person
Fed will not fight climate change without mandate, Powell says
Elected officials must take lead in policies to green economy, Fed chair argues
Fed slows rate rises with 50bp increase
Powell stresses possibility of soft landing supported by “structural labour shortage”
Powell signals FOMC may slow pace of hikes
Fed hopes to remove labour market pressure by cutting number of job openings, Powell says
People: October to December 2022
A round-up of central bankers in the news and on the move during the past three months
Book notes: Yellen, by Jon Hilsenrath
This book offers new insights into the tough decisions and tremendous efforts Yellen has made as a pre-eminent economic policy-maker
Fed raises rate as Powell hints at further rises
Data suggests Fed will need to hike higher than previously expected, chair says
Atlanta Fed chief admits to trading rules violations
Bostic claims he misinterpreted rules on funds managed by third parties