Consumers aren't worried about spiking prices — yet

Jun 17, 2021
Consumer inflation expectations aren't rising sharply, according to Morning Consult, consistent with the Fed's view that most inflation right now is "transitory."
Prices for all items were up 5% year over year in May, per the latest consumer price index data.
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Fed sees faster time frame for rate hikes as inflation rises

Jun 16, 2021
The central bank raised its inflation forecast to 3.4% by year-end and expects to hike its benchmark interest rate twice by late 2023.
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Why the Fed is taking longer than other central banks to ease COVID relief

Jun 16, 2021
The Fed has a dual mandate to control inflation as well as unemployment, unlike other central banks.
A view of the Federal Reserve building in Washington, D.C.
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Consumer forecasts of inflation could be a self-fulfilling prophecy

Jun 14, 2021
A Federal Reserve survey found consumers are expecting inflation to hit 4% next year.
Consumers told the New York Fed they expect a 4% inflation rate next year. Officials with the central bank will meet this week to consider adjustments to their interest rate policy.
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Mohamed El-Erian on inflation and the recovery

Jun 7, 2021
The renowned investor and policy adviser is skeptical of the Federal Reserve's insistence that the inflation we're seeing is "transitory."
Mohamed El-Erian in 2016. "I'm more and more worried because of what I'm seeing on the ground," says the famed investor, author and policy adviser.
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What role does the Fed have in mitigating climate change?

Jun 4, 2021
The Fed has to walk a fine line between mitigating disaster and shifting monetary policy to focus on fighting climate change.
Federal Reserve Board Jerome Powell testifies during a hearing on "The Semiannual Monetary Policy Report to the Congress."
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3 Federal Reserve leaders discuss the need for diversity among economists

May 31, 2021
An excerpt from a Federal Reserve conference series about race and the economy focused on diversifying the profession itself.
"We want to be top form, and to do that, we have to be diverse. We have to be inclusive," said Loretta J. Mester, president of the Federal Reserve Bank of Cleveland.
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What is the PCE price index?

May 27, 2021
The personal consumer expenditures price index is one of the Fed's favorite tools for tracking inflation.
When the price of beef rises and people switch to chicken for a few weeks? The PCE tracks that change.
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Federal Reserve points to risks in the current economy

May 7, 2021
Soaring asset prices, as in the stock market, and risky bets by financial firms could be vulnerabilities.
The lofty levels of stock prices are among the risks to financial stability the Fed is monitoring.
Johannes Eisele/AFP via Getty Images

Fed once again leaves interest rates unchanged

Chair Jerome Powell says the Fed is committed to its goals of 2% inflation and full employment.
Fed Chair Jerome Powell says the higher inflation we’re seeing now in some parts of the economy is temporary, and unemployment is still too high.
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