🚗 🚙 Turn your trusty old car into trustworthy journalism Learn more

What would be the point of a central bank digital currency?

Feb 16, 2024
Having a digital currency could make payments more efficient, but critics have raised privacy concerns.
One of the main reasons the U.S. has been looking into a central bank digital currency is that its economic competitors have been experimenting with their own.
Chip Somodevilla/Getty Images
The Federal Reserve has been using monetary policy to slow down the economy. Congress and the White House have used fiscal policy to energize it. Above, Fed Chair Jerome Powell.
Anna Moneymaker/Getty Images

Fed leaves interest rates unchanged, signals cuts are likely months away

Jan 31, 2024
“We want to see strong growth and a strong labor market,” said Federal Reserve Chair Jerome Powell.
 Investors were hoping for a cut in March, but that now appears off the table.
Anna Moneymaker/Getty Images

Corporate bonds are in demand amid optimism and declining yields

Jan 30, 2024
Many investors see big companies as healthy and want to get into the market before the Federal Reserve cuts interest rates.
January has been a busy month in the corporate bond market, driven in part by expectations of Federal Reserve interest rate cuts.
Win McNamee/Getty Images

Alan Greenspan's greatest legacy may be the Fed's independence

Jan 10, 2024
Greenspan ignored political pressure to cut interest rates so that he could bring down inflation, says author Sebastian Mallaby.
Where did Alan Greenspan, above, go wrong? "In thinking that 2% inflation was the be-all and end-all," says Sebastian Mallaby, "because it turns out, of course, that economies can be disrupted by things other than the price of eggs going up too fast."
Saul Loeb/AFP via Getty Images

Some investors are eyeing riskier bets following rate cut hints from the Fed

Dec 15, 2023
The assumption is that the economy will chug along and that borrowing costs will fall. But they might not. What makes these riskier stocks attractive?
Since the Fed hinted at possible rate cuts next year, some investors are buying up risky stock.
Angela Weiss/AFP via Getty Images

Atlanta Fed president: "This economy has even exceeded my expectations of resilience"

Dec 15, 2023
"Wage growth now is greater than inflation," Bostic says. "But I don't think people feel like they've caught up all the way and that's just going to take some time."
In the fight to bring down inflation, Atlanta Fed President Raphael Bostic emphasizes being  "patient, cautious and resolute."
Courtesy Atlanta Federal Reserve

For public good, not for profit.

If the Federal Reserve had a word of the year, what would it be?

Dec 13, 2023
We asked economists to give us a word of the year for 2023 that summed up the zeitgeist for monetary policy.
Economist Skanda Amarnath at Employ America says "fortunate" is the word he'd use to describe the Fed's 2023.
Alex Wong/Getty Images

This week, central banks will decide what to do (or not do) with interest rates

Dec 11, 2023
The Federal Reserve and others will update monetary policy, balancing inflation with the recession risk. Investors hope for rate cuts.
The European Central Bank is one of several economic policymaking agencies around the world that will meet to update their monetary strategies.
Kirill Kudryavtsev/AFP via Getty Images