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As the Federal Reserve's annual economic symposium gets under way Thursday at a lodge in Grand Teton National Park, some of the very problems Fed officials are grappling with are starkly evident near the idyllic mountain setting.
PIMCO’s Crescenzi touts the steadiness of the central bank chief who conquered inflation four decades ago.
Inflation is sky high. The Federal Reserve wants to bring it back to earth without crashing the economy. But achieving a so-called "soft landing" and avoiding a recession is easier said than done.
NEW HAVEN — Poor Jerome Powell. With US inflation close to a 40-year high, the Federal Reserve (Fed) chair knows what he needs to do. He has professed great admiration for Paul Volcker, his 1980s-era predecessor, as a role model. But, to paraphrase US Senator Lloyd Bentsen’s famous 1988 quip about his vice presidential rival, Senator Dan Quayle, I knew Paul Volcker very
Inflation is sky high. The Federal Reserve wants to bring it back to earth without crashing the economy. But achieving a so-called "soft landing" and avoiding a recession is easier said than done.