Federal Reserve

Between elevated inflation and a shaky job market, the Federal Reserve had already been setting the stage for an interest rate hold.

Friday’s personal consumption expenditure data drop will give policymakers a broader picture of what’s happening with inflation.

After the Great Recession, banks were required to hold a certain amount of capital to specifically cover mortgages. Banks backed away from mortgages as a result.

Monetary policy doesn’t just happen by magic. Instead, Fed employees in New York are carrying it out through open market operations.

They’re more reluctant to make loans to companies whose industries are likely to be disrupted by AI.

Presidents have tried to make their mark on the economy through the selection of Federal Reserve chairs before, but this time is different.

More recently, Kevin Warsh has become harshly critical of the Fed, calling for “regime change” at the central bank.

Two officials dissented from the decision, with governors Stephen Miran and Christopher Waller preferring another quarter-point reduction.

The Supreme Court will hear arguments about the Trump administration’s attempted firing of Fed governor Lisa Cook this week. The outcome could determine how easily the president can dismiss other Fed officials.

The Supreme Court has permitted President Donald Trump to remove members of various other federal agencies. Is the Federal Reserve different?