Don’t let the tranquil tone and technical language fool you — the stakes at the Federal Reserve are higher than anything in Westeros.

He says there’s likely to be a rate cut this year, but he won’t say when.

We asked economists to give us a word of the year for 2023 that summed up the zeitgeist for monetary policy.

Could be good, could be bad.

Jerome Powell spoke Oct. 19 and said the Federal Open Market Committee would be “proceeding carefully.”

Here’s why the last part of getting to that 2% inflation target might be like trying to lose that last 10 pounds.

In 2022, Powell warned of painful moves to get inflation under control.

The move lifted the Fed’s benchmark short-term rate from roughly 5.1% to 5.3% — its highest level in 22 years.

A concept popularized by Milton Friedman in the 1960s still influences how the Fed talks about monetary policy today.

Technology that can cause banks to fail overnight could force the Federal Reserve to upgrade its infrastructure, while continuing basic regulation to prevent failures from occurring in the first place.