Page 4 - Powell Fed News Today

From TPM Reader RC … You were wondering how Biden was able to get such a good deal; in the end all this drama just amounted to getting the budget-negotiation…

The Powell Federal Reserve’s fundamental weakness has been its tendency to look in the rearview mirror rather than at what lies ahead. This helped get us into our inflation mess.

Two books peel back the curtain on the central bank—but miss why it misread the economy in the wake of the pandemic.

Judging by its latest World Economic Report, the International Monetary Fund is well aware of credit-cycle risks.

The Fed’s objective is asymmetric, with inflation overshoots being more costly than undershoots. Using data from the Summary of Economic Projections it shows that the Bernanke Fed was too hawkish, the Yellen Fed was too dovish, and the Fed under Jerome Powell has at times been too hawkish and too dovish.

Party-poopers point to the risk of a Fed pivot turning out to be more of a plateau before more rate rises

Looking at history as a guide, Fed action after the 1998 Long-Term Capital collapse led to a three-month rally in the stock market to end all rallies.

Gold and silver fell to 2023 and November lows respectively vs a rising Dollar today after US Fed chair Jerome Powell sent betting on steep interest rate hikes soaring in testimony to Congress

Federal Reserve Chairman Jerome Powell to appear before Congress with a tall task.

Federal Reserve Chairman Jerome Powell to appear before Congress with a tall task.