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"Monetary policy is the wrong tool": Why economist El-Erian thinks the Fed is making a mistake

Aug 30, 2021
The economist and businessman disagrees with Fed Chair Jerome Powell's belief that inflation is transitory.
"I am saying, 'You know what, we have to be more humble about the inflation dynamics,'" Mohamed El-Erian says.
Rob Kim/Getty Images

Are we entering an era of higher inflation?

Jul 15, 2021
Experts say global forces that helped keep inflation low for decades — like international trade and an expanding workforce — are dissipating.
Global trade and the worldwide labor force have restrained inflation, experts say, but key trends might be reversing.
Scott Olson/Getty Images

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."
Sarah Silbiger/Getty Images

IMF upgrades its economic forecast, but the virus remains in control

Jan 26, 2021
Chief economist Gita Gopinath explains why there's still a lot of uncertainty weighing on the global economy.
"We have a small upgrade of .3%," says IMF chief economist Gita Gopinath about the latest World Economic Outlook. "But there is tremendous uncertainty because we have a mutating virus. And we are in this race with vaccinations."
Brendan Smialowski/AFP via Getty Images

If the Fed's nominees were confirmed, could they change monetary policy?

Jul 28, 2020
The central bank's board of governors is designed with checks and balances, so one member's influence would be limited.
Judy Shelton, left, and Christopher Waller testify during a hearing on their nominations to the Federal Reserve board of governors in February.
Sarah Silbiger/Getty Images

Trump Fed nominee advances in Senate despite support for gold standard

Jul 21, 2020
Judy Shelton's unpopular view sheds light on why the U.S. and most other economies abandoned linking their currencies to gold
Once upon a time, gold was the currency of the United States.
Mario Tama/Getty Images

Wall Street awaits Fed Chair Powell’s Friday speech for signs of further rate cuts

Aug 22, 2019
The Fed’s annual Economic Policy Symposium is like the Academy Awards for a certain type of economist.
WASHINGTON, DC - JANUARY 30:   Federal Reserve Board Chairman Jerome Powell pauses during a news conference after a Federal Open Market Committee meeting January 30, 2019 in Washington, DC. The Fed has decided to leave interest rates unchanged. (Photo by Alex Wong/Getty Images)

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The long and twisting story of how Jay Powell became our next Federal Reserve chair

Feb 5, 2018
Feuding congressmen, a formula to set monetary policy and the Swedes all played a part in this epic Twitter thread. We've set it to music.
Jerome Powell will be sworn in as chair of the Federal Reserve on Monday.
Drew Angerer/Getty Images

Fed officials touch a market nerve

Sep 12, 2016
Governors offering their (opposing) thoughts spark volatility in markets.
Federal Reserve Board Chair Janet Yellen testifies before the Senate Banking, Housing and Urban Affairs Committee in June.
Photo by Win McNamee/Getty Images

The world's central banks could use a break

Aug 11, 2016
To spur growth, governments need to turn to fiscal policy.