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Monetary policy

Judge tosses out ‘unsubstantiated’ subpoenas into Powell

Federal Reserve, Law and legal issues, Monetary policy, Politics and policy /

Key Insight: U.S. District Judge James Boasberg wrote in documents unsealed Friday that the Trump administration produced no evidence to suspect Federal Reserve Chair Jerome Powell of a crime, justifying the tossing of the subpoenas. The Justice Department said it would challenge the decision. Expert quote: “The Government has produced essentially zero evidence to suspect […]

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Economy loses 92,000 jobs in February

Economy, Employment data, Monetary policy, Politics and policy /

Key insight: The Bureau of Labor Statistics reported that the economy lost 92,000 jobs in February, signaling a cooling labor market. Supporting data: Health care jobs fell by 28,000, while the overall unemployment rate held steady at 4.4%. Forward look: The declining job totals could signal to the Federal Reserve that rate cuts are necessary

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Cook: AI’s labor impact may take years to measure

Artificial Intelligence, Federal Reserve, Interest rates, Monetary policy /

Key insight: Fed Gov. Cook said artificial intelligence may already be influencing employment trends, pointing to lower demand for computer engineers as one potential sign of change. Expert quote: “It is very difficult to measure labor productivity and total factor productivity. So we should be patient and we should be nimble in thinking about the

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Fed’s Goolsbee: Prioritize inflation before further cuts

Federal Reserve, Interest rates, Monetary policy, Politics and policy /

Key Insight: Chicago Fed President Austan Goolsbee said inflation has not eased as quickly as previously forecast, underscoring the need for a cautious approach to interest rate cuts. Expert quote: “I remain optimistic that there can be more rate cuts this year. But that hinges on seeing actual progress on inflation that shows we are

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Waller questions January jobs surge, backs possible March cut

Federal Reserve, Interest rates, Monetary policy, Politics and policy /

Key Insight: Fed Gov. Christopher Waller highlighted his skepticism on whether the labor market is showing signs of recovery, or whether the January jobs report was a one-off. Expert Quote: “If the good labor market news of January is revised away or evaporates in February, it would support my position at the FOMC’s last meeting,

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Fed’s Barr outlines AI risks to finance, labor market

Artificial Intelligence, Economy, Interest rates, Monetary policy, Politics and policy /

Key Insight: Federal Reserve Gov. Michael Barr said the economy is currently ‘closest’ to a scenario in which AI gradually raises worker productivity without resulting in sweeping layoffs. Supporting data: Only 17% of firms currently use AI, according to a study cited by Barr. Forward look: Barr says policymakers must prepare for the worst, which

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Inflation cools to 2.4%, bolstering Fed’s cautious rate outlook

Inflation, Interest rates, Monetary policy, Politics and policy /

Key Insight: Inflation showed signs of cooling in January, with the annual inflation rate dropping to 2.4%. Supporting data: Prices excluding food and fuel rose 0.3% in January, while food increased 0.2% and energy prices ticked down by 1.5%, the report found. Forward look: The January inflation reading remains slightly above the Fed’s longstanding 2%

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US adds 130,000 jobs in January; unemployment rate falls

Economy, Employment data, Monetary policy, Politics and policy /

Key insight: The better-than-expected jobs report saw 130,000 jobs added in January, while unemployment dropped to 4.3%.  What’s at stake: The Federal Reserve is watching the numbers closely as Chairman Jerome Powell considers the central bank’s dual inflation and employment mandate.  Forward look: The strong job numbers reduce the need for the Fed to slash

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What bankers need to know about Fed chair-designate Warsh

Federal Reserve, Monetary policy, Politics and policy, Regulation and compliance, Trump administration /

Key Insight: Former Fed Gov. Kevin Warsh’s selection as the next Federal Reserve chair would put a familiar face atop the central bank, but the hawkish monetary policy stances he has advocated for in the past — contrasted with the accommodative policy the president prefers and that he now supports — muddy the outlook for

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Trump taps ex-investment banker Warsh to be next Fed chair

Federal Reserve, Monetary policy, Politics and policy, Regulation and compliance, Trump administration /

Key Insight: President Trump’s selection of former Fed Gov. Kevin Warsh to a vacating seat on the central bank board will likely garner broad support from Senate Republicans, but promised opposition from Sen. Thom Tillis, R-N.C., could slow the confirmation process.   Expert Quote: “I have known Kevin for a long period of time, and

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