The latest from The Fed column
The U.S. economy is making surprisingly good progress, and returning to pre-pandemic levels is "absolutely achievable," Minneapolis Fed President Neel Kashkari said Sunday, but the job is not yet done.
An obscure price tracker closely followed by economists also suggests inflation is slowing, but perhaps not quite as fast as the best-known indexes.
Richard Clarida, former vice-chair of the Federal Reserve, says he thinks another interest-rate hike this year is appropriate.
The Fed staff doesn't see a recession anymore and other things we learned from Powell press conference.
The Federal Reserve on Wednesday raised its benchmark rate by 25 basis points to a range of 5.25%-5.5% and said it was prepared to do more.
Most economists think the Federal Reserve's final interest-rate hike will be this week. But they also don't expect Fed Chairman Jerome Powell to say that.
FedNow is a new instant-payments service offered by the U.S. Federal Reserve that will let users and businesses send and receive money within seconds.
Former Fed Chairman Ben Bernanke said Thursday that he expects another 25 basis point rate hike in July but another move in September is 'up for grabs.'
Fed. Gov. Christopher Waller on Thursday backed two more rate hikes despite the good inflation data this week.
St. Louis Federal Reserve Bank President James Bullard announced Thursday that he has stepped down from his post and will leave the central bank in August.
San Francisco Fed President Mary Daly said Thursday that it is too soon to declare victory on inflation despite the good new in the June readings.
Minneapolis Fed President Need Kashkari on Wednesday said regulators should run a new high inflation stress test for banks.
New York Federal Reserve President John Williams said Tuesday that the U.S. economy won't hit its weakest point of the cycle until next year.
Cleveland Fed President Loretta Mester said Monday that the Fed needs to raise its benchmark interest rate "somewhat further."
The head of the San Francisco Fed said a key interest rate is likely to be raised a "couple" of a more times this year to combat "persistently" high inflation.
Chicago Fed President Austan Goolsbee said the labor market data show that job growth is slowing down to a sustainable pace.
The amount of money banks are borrowing from the Federal Reserve fell for the first time in two months, but a smattering of institutions still need the central bank's lifeline.
Dallas Federal Reserve President Lorie Logan on Thursday called for more restrictive policy to cool hotter-than-expected U.S. inflation.
Incoming U.S. economic data points to the need for higher interest rates, said New York Fed President John Williams on Wednesday.
Some Federal Reserve officials pushed for an interest rate hike in June, according to minutes of the meeting released Wednesday.
