InterestRates
DOJ criminal probe highlights risk of Fed losing independence – a central bank scholar explains what’s at stake
DOJ criminal probe highlights risk of Fed losing independence – a central bank scholar explains what’s at stake The Department of Justice’s criminal investigation into Federal Reserve Chair Jerome Powell has raised concerns over the independence of the central bank, highlighting a unique moment in American history. The Fed’s independence comes in two forms: legal […]
🏛️ Politics
How keeping down borrowing costs for mortgages and other loans is built into the Fed’s ‘dual mandate’
How keeping down borrowing costs for mortgages and other loans is built into the Fed’s ‘dual mandate’ The Federal Reserve’s dual mandate includes promoting maximum employment and stable prices, but it also has a third objective: moderate long-term interest rates. The third mandate was originally part of the Fed’s goals in the 1977 Federal Reserve […]
📰 News
Trump’s ‘golden age’ economic message undercut by his desire for much lower interest rates – which typically signal a weak jobs market
Trump’s ‘golden age’ economic message undercut by his desire for much lower interest rates – which typically signal a weak jobs market President Donald Trump claims the US economy has entered a “golden age,” but his desire for lower interest rates contradicts this message, as lower rates typically signal a weak jobs market. Trump’s nominee […]
🏛️ Politics
Fed lowers interest rates as it struggles to assess state of US economy without key government data
Fed lowers interest rates as it struggles to assess state of US economy without key government data The Federal Reserve (Fed) lowered interest rates by a quarter point at its latest monetary policy meeting due to the ongoing federal shutdown, which has limited access to key economic data. The Fed is struggling to assess the […]
📰 News