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Kai Ryssdal spoke with Daniel Tarullo, who served on the Federal Reserve Board for more than eight years, about growing dissent within the FOMC.
Hiring and job loss are in equilibrium. But it’s a fragile balance.
Inflation is taking a back seat as Fed Chair Jerome Powell signaled that a rate cut is coming.
The first time central bank officials set 2% as their inflation target was in 2012.
The December rate cut was expected. But the Fed also reduced the number of expected rate cuts for 2025.
On Thursday, Fed Chair Jerome Powell wouldn’t rule out an interest rate hike next year, though that’s not the plan at this point.
An invitation-only chance to get up close and personal with Chair Jerome Powell.
The insulation of the Central Bank from political headwinds helps the U.S. economy run.
But some former central bank officials think the Fed’s risking a recession.
Powell is paying close attention to “final sales,” a narrower measure than GDP itself that focuses on private sector demand.