Wholesale inflation rose from 2.8% in October to 3.0% in November, according to the latest Bureau of Labor Statistics report. But where inflation is headed is as much about how consumers feel as it is about what wholesalers are paying.
“Marketplace” host Kai Ryssdal spoke to Alan Blinder, former Vice Chair of the Federal Reserve Board of Governors, about what the investigation might mean for the future of the Fed and monetary policy.
Here’s how small businesses are looking at the two prongs of the Federal Reserve’s dual mandate — keeping prices stable and employment steady — after news of the DOJ probe.
The Fed doesn’t just set interest rates. It needs to be able regulate banks independently too, to make sure the financial system keeps running in good and bad economic times.
There are far fewer new job seekers in the U.S. due to Trump’s restrictive immigration policies. As a result, the goal posts for what healthy job growth looks like have also changed.