As US inflation eases, the central bank is now focused on its other mission: protecting jobs
Fed chair expected to begin lowering interest rates this week as inflation fears fade
With inflation down and the jobs market cooling, the economics points to 50bp
Policy, happenstance and the soft landing
Seeing multiple shocks as usual could end in disaster
‘Humility and a questioning spirit’, as called for by Fed chair, would be a very good idea
Currency strengthens after BoE governor Andrew Bailey warns it is ‘too early to declare victory over inflation’
At Jackson Hole, central bankers offered different views about the tools of their trade
Federal Reserve chair gives strongest signal yet that borrowing costs will soon fall
Also in this newsletter, Bank of Japan warns of ‘unstable’ markets, AstraZeneca threatens to move manufacturing stateside, Harley-Davidson chief angers anti-diversity activists
Ironically, Jay Powell’s speech has encouraged markets to run even faster and with more confidence
Without seeking to influence the election, the Fed chair must remind the public of some basic economic truths
The Federal Reserve has brought down inflation but must now steer the economy away from recession
Panic won’t prompt an emergency rate cut and a 50-point reduction in September isn’t nailed on either
Central bank independence underpins US economic and financial stability
Ex-president says he would let Jay Powell finish term at central bank if he was ‘doing the right thing’
Latest drop in consumer prices adds to expectations that Federal Reserve will cut rates at September meeting
Central bank underscores that next US interest rate move is likely to be a cut
Fed chief warns against running at high levels while output in world’s largest economy is strong
How a Biden or Trump second term as president could affect the currency
US Federal Reserve cooled, but did not dispel, hopes for a cut in September before November’s election
Central bank chair says economy performing well but cites ‘lack of progress’ on price pressures
Fed is unlikely to get to its 2% inflation target unless it is willing to impose major damage on the economy
And the spill at Starbucks
Sticky inflation means the Federal Reserve less likely to reduce borrowing costs before November election
