Chicago Fed president explains “the hardest thing that a central bank has to do”

Oct 10, 2024
Austan Goolsbee talks about the Fed's timing in moments of transition, if COVID is still affecting the economy, and why he's a "data dog."
"I'm in the data dogs. And the thing about the data dogs [is that they] don't respond to one month," says Austan Goolsbee about the importance of taking the long view before making decisions.
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With a soft landing for the economy in sight, big banks are doing well

Jul 15, 2024
A strong stock market and a vibrant economy that never fell into recession have boosted earnings at financial institutions.
Once investors accepted that a recession isn't on the horizon, big banks have thrived.
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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.

Business economists expect a soft landing in 2024

Feb 26, 2024
The National Association for Business Economics' latest forecast predicts higher economic growth and lower unemployment.

Is the Fed actually going to pull off a "soft landing"?

Jun 14, 2023
If the Fed can tamp down inflation without sparking a recession, it would be only the second time in history in U.S. history.

Fed Chair Jerome Powell: "Whether we can execute a soft landing or not, it may actually depend on factors that we don't control."

May 12, 2022
"I think the one thing we really cannot do is to fail to restore price stability," Powell told Kai Ryssdal.
Federal Reserve Chair Jerome Powell, left, speaks with Marketplace host Kai Ryssdal in Washington, D.C., on Thursday.
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Can the Fed lower inflation without getting the economy into a recession?

"A look at the record shows that the Fed often stumbles in its efforts to save the day," says Ben White, chief economic correspondent at Politico.
Recessions have followed many of the Federal Reserve's past interest rate hikes.
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