Federal Reserve

“Barr’s decision exemplifies anticipatory acquiescence—something that other public officials must avoid if they do not wish to expedite Trump’s looting of America.”

Particularly given the stink that neoclassical economists made about evidence for sellers’ inflation, they should be held to a similar standard for their crediting of the Fed for lower inflation and implicitly putting the blame on consumers and workers. The data just don’t fit their model. 

The Fed chair’s deferral of interest rate cuts has hurt the clean energy transition and inflicted other economic harms.

An Open Letter to Fed Chair Powell: Recuse Yourself from Basel III Endgame

Before Federal Reserve Chair Jerome Powell talks monetary policy at the Jackson Hole Economic Symposium, RDP wants to remind people how awful Powell has been—on interest rates, climate risk, and financial regulation.

By instructing regulators to acquiesce to the big bank CEOs who have led a historically fierce campaign in opposition to the Basel framework, Powell is practically inviting financial industry executives to quash, through negative public feedback, any regulation they don’t like.

Every economic indicator is pointing to the need for an immediate interest rate cut. The Fed is supposed to act in accordance with available data irrespective of potential political impacts. So why isn’t it?

JPMorgan Chase CEO Jamie Dimon understood that no Vice Chair for Supervision could make Jerome Powell’s Fed take regulation seriously. Why didn’t Matt Yglesias?

By refusing to endorse new bonus pay regulations, the Fed Chair has once again stood in the way of corporate accountability.

The Treasury Secretary Is Right To Point Out Summers’ Record Of Failed Predictions, And Other Democrats Should Too.

Biden erred with his renomination of Powell, but if he gets another chance, he must choose a central bank leader dedicated to properly tackling the myriad challenges facing the Fed, which range from price stability and full employment to financial stability and climate-related financial risk.

One year after the collapse of Silicon Valley Bank, Federal Reserve chair Jerome Powell is obstructing the finalization of tougher capital requirements for banks — and increasing the chances of more turbulence.