Jerome Powell
Banknotes: July to September 2024
A round-up of news and salient issues that have affected central bankers in the past three months
BLS revises US employment downward
Bureau says 818,000 fewer jobs were created over year to March than it had previously estimated
Fed chair says time has come to adjust policy
Powell warns of ‘unmistakable’ labour market cooling in speech at Jackson Hole summit
Trump administration would pursue ‘course correction’ at Fed
Former Fed adviser says ex-president would try to reform an institution he already sees as politicised
Did the Fed make a mistake holding rates in July?
Experts warn Fed not to signal “panic” but to be ready to act aggressively if needed
Fed holds rates again
Powell says FOMC’s “broad sense” is that US economy is moving to point where cuts would be justified
Trump says he would probably let Powell continue on Fed board
If he is “doing the right thing”, Jerome Powell can serve out his term, former president says
Chicago Fed chief warns of overtightening if rates hold
Fed chair Jerome Powell also finds confidence in recent inflation data
Powell warns of commercial real estate risks
Fed chair tells Senate further cooling of the labour market could induce a rate cut
US labour markets approaching pre-pandemic state, report finds
Simple rules suggest fed funds rate should be at or below current level, report says
Malaysia’s Rasheed expects a “bumpy road” for EM currencies
Governor Abdul Rasheed Ghaffour says BNM will intervene if needed ahead of future Fed cut; rules out capital controls but has encouraged institutions to repatriate earnings
US politicians urge Fed to lower interest rates
Democratic senators and congress members say CPI likely to be “grossly overstating” inflation
Fed policy-makers express frustration over price rises
Officials draw differing conclusions on the outlook for the labour market
Trends in reserve management 2024: survey results
Insights on geopolitical risk, AI, asset diversification, risk management and ESG adoption
Fed holds rates as it struggles with inflation’s last mile
Experts disagree over risks of rising inflation and difficulty of Fed’s position
Trump advisers aim to curb Fed independence, report says
WSJ says leaked document discusses sacking Powell and giving Trump vote on policy
Fed officials say strong economy gives them flexibility and time
Kugler, Barkin and Powell say upside and downside risks are evening out over time
Banknotes: January to March 2024
A round-up of news and salient issues that have affected central bankers in the past three months
FOMC holds rates again
Experts say Federal Reserve faces difficult choices despite easing inflation
South Korean and Indonesian central banks hold rates
BoK says policy will remain restrictive for now, while BI highlights need to keep inflation stable
Central banks can be ‘too cautious’ with policy, BdF paper says
Timid responses to price shocks may increase inflation expectations, researchers argue
Fed holds rates and dampens expectations of March cuts
Powell says FOMC is unlikely to agree on early loosening but rates are likely at their peak
Governance and diversity at the Federal Reserve
Could changes in governance practices have contributed to poor performance in 2021–22? asks Jeffrey Lacker
Internal investigation criticises former Boston, Dallas Fed chiefs
Report says officials created appearance of conflict of interest, but stops short of alleging criminality