Federal Open Market Committee (FOMC)
What is the right size for a central bank board?
There is greater consensus for smaller boards in theory than in practice
Fed’s favoured inflation gauge falls
PCE inflation reading for April 2022 was down from March
Esther George to step down as Kansas City Fed president
George will retire in January on reaching retirement age, after 11-year tenure
Fed nominee Barr plans to re-evaluate capital and liquidity rules
Proposed vice-chair for supervision sees limited role for Fed in tackling climate change
Fed’s Evans says front-loaded hikes are ‘pretty much in process’
Outgoing Chicago Fed president worries about uneven wage gains
US Senate reappoints Powell as Fed chair
Appointment comes as Powell’s approval rating in polls falls to lowest point in his career
Lisa Cook becomes first Black woman to serve as Fed governor
Confirmation vote in US senate was split down party lines
US Senate confirms Lael Brainard as Fed vice-chair
Key senator absences create roadblock for Lisa Cook’s nomination
People: Chicago Fed’s Evans to retire
Bulgarian parliament rejects governor pick; political heat on Cook still high as vote nears; and more
Chile central bank board adopts code of conduct
Regulations include anti-drug measures and trading restrictions
Biden nominates Barr for Fed supervision post
Previous nominee Sarah Bloom Raskin withdrew in March after Republican attacks
Fed mulls tightening on scale not seen for decades
FOMC members now contemplating 50bp rate hikes and major asset sales
Inflation is more painful for the poor, says Brainard
Fed official joins wider discussion about measurement and impact of inflation
Fed’s asset selloff may start in May, Brainard says
FOMC minutes show consensus for “balance sheet runoff at a coming meeting”
Is a bond market crisis imminent?
Central banks need careful action and a good dose of luck if they are to avoid financial instability
Powell: ‘nothing’ in the way of a 50bp rate hike
Fed chair is hoping to even out supply and demand imbalances in the labour market
Fed’s Bostic: uncertainty is hallmark of current economy
Atlanta Fed chief sees myriad forces pushing up inflation, but warns Fed may still tighten too fast
US inflation continues ascent
CPI inflation reached new high of 7.9% in February
Powell says he expects March rate hike
Fed chair says FOMC is discussing agreement on shrinking balance sheet
Fed’s Brainard backs series of rate hikes followed by asset runoff
Governor says economy is responding appropriately to Fed communications and incoming data
FOMC adopts new ethics rules on trading
Fed reforms follow months of controversy over equities trading and three resignations
Book notes: Imagining the Fed, by Nicolas Thompson
A worthwhile perspective on the evolution of such an important institution, but a shame that it isn’t a longer and broader examination
FOMC’s January minutes hint at policy actions and inflation fears
Committee signals determination to end asset purchases in March and raise the funds rate
Boston Fed appoints Susan Collins as new president
University of Michigan economist to become first Black woman to lead a regional Fed