Fed Chair Powell: Interest rates likely won't return to "historically low levels" before the pandemic

Powell discusses how monetary policymakers arrive at consensus, the value of transparency and the issues that influence interest rate decisions.
"Marketplace" host Kai Ryssdal interviews Jay Powell, head of the Federal Reserve.
Courtesy Federal Reserve

Is it possible that the economy has landed softly enough?

Mar 11, 2024
Fed Chairman Powell told a congressional committee not to expect a victory lap when and if the Fed decides it has finally beaten inflation.
Federal Reserve Chair Jerome Powell speaks before a House Financial Services Committee hearing on monetary policy on March 6.
Mandel Ngan/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

Why are long-term bond yields so high? Even Jerome Powell wants to know

Nov 10, 2023
Federal Reserve chair Jerome Powell said that we “don’t really know” why long-term bond yields have been going up.
Hasn't Powell been listening to "Marketplace?"
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What kind of signal does FOMC unanimity send to markets and others watching the economy?

Aug 16, 2023
Dissent on interest rate decisions might send mixed messages to Wall Street about where the economy is headed.
Under Federal Reserve Chair Jerome Powell, the FOMC has not had a single dissenting vote on interest rates since June of last year, which former FOMC member Tom Hoenig wasn't surprised by.
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How much should we trust "seasonally adjusted" numbers these days?

Mar 8, 2023
January was an outlier for jobs, spending and inflation — but can we rely on seasonally adjusted data when the past three Januarys have been so weird?
Did a warm January encourage a surge in consumer spending and inflation? "It’s very hard to explain that all with weather," says Johns Hopkins economist Jonathan Wright.
Spencer Platt/Getty Images

What if we told you inflation was back to its target rate?

Jan 17, 2023
When we focus on recent months rather than year-on-year increases, inflation numbers look pretty good, says economist Alan Blinder.
Fed Chair Jerome Powell, above, isn't ready to declare victory over inflation yet, says economist Alan Blinder.
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Economist El-Erian calls on the Fed to start “owning their mistakes”

The prominent economist Mohamed El-Erian said the Fed is still “behind the curve” on inflation.
Mohamed El-Erian, chief economic adviser for Allianz, blames the Fed for failing to act sooner on inflation.
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Reading the Federal Reserve minutes can feel like hours, but Fed watchers still pore over them

May 24, 2022
For those who understand Fed lingo, the minutes can hint at divisions or disagreements, and where Fed policy may be headed.
Fed Chair Jerome Powell at a news conference following the Federal Open Market Committee meeting on May 4. We'll get the minutes for that meeting Wednesday afternoon. Get your coffee ready.
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How looking back at the Fed’s past can help us understand its future

May 17, 2022
Former Federal Reserve chairman Ben Bernanke's new book charts a history of “remarkable innovation and change.”
The Marriner S. Eccles Federal Reserve building in Washington, D.C.
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