Jerome Powell

At 10:15 this morning, Federal Reserve Chairman Jerome Powell had a joint discussion with former Chair Janet Yellen and former Chairman Ben Bernanke at the American Economic Association and Allied Social Science Association 2019 Annual…

As I wrote yesterday, the Federal Reserve raised interest rates a quarter point but changed guidance in the face of tightening financial conditions. In his press conference afterwards, the Fed Chairman - also as predicted - talked bullishly…

There is a lot of economic and political uncertainty swirling around the global economy right now. And, judging by many of the headlines, you would think we're on the verge of recession. I don't believe that's the case. Instead, I believe…

Oil is one of several reasons the Fed might pause next year, rather than sticking to its three hike timetable. Housing is another. No wonder there was considerable speculation about a pause on the back of comments by Fed Chairman Jerome…

The Powell speech is over and the stock market is up on the back of it because people interpreted his comments as dovish. Was it though? It depends on where you're coming from.

Fed Vice Chairman Richard Clarida gave a speech just yesterday on future monetary policy called "Data Dependence and U.S. Monetary Policy". Let's look at what he had to say as we await Chairman Powell's own speech today.

GDPNow for the second quarter is still at a breathtakingly high 4.5%. And it's beginning to look like we are going to come in well above 3% growth for the quarter. Consensus estimates are at 3.5%. Meanwhile the yield curve continues to…

As the Fed raises rates, it will likely be surprised both by how fragile EMEs are and by the spillover impact Fed policy still has abroad

Former Fed insider Daielle DiMartino Booth knows the Fed will be out of bullets at the next recession. Even so, its Chairman Jay Powell is now desperately trying to create as much runway as possible.

Inflation is the controlling variable from here on out. Two rate hikes are effectively off the table for 2018 as a likely outcome. Fed projections will rise to four rate increases if inflation rises. And beyond 2018, expect Fed projections…