At the January 2026 Federal Open Market Committee (FOMC) meeting, the voting body chose to leave interest rates unchanged. The Federal Reserve’s dual mandate of price stability and maximum employment have been at crossroads the past few months; inflation has trickled up, but the labor market shows signs of softness. At the January meeting, concerns…
The Federal Reserve’s lineup is due to change this year; the term of Governor Stephen Miran (nominated by President Donald Trump to fill a vacancy last year) ends in January, and Chairman Jerome Powell’s tenure as Fed chair ends in May—with Trump indicating Jan. 21 that he is close to making a decision on Powell’s…
Federal Reserve Chair Jerome Powell—a target of personal attacks and intense pressure from President Donald Trump and others in his administration—is now facing a criminal inquiry over renovations to the central bank’s headquarters. In a highly unusual video message posted to the Fed’s website Sunday evening, Powell said that the Fed was served Friday with…
Federal Reserve Governor Christopher Waller argued at a Yale University CEO Summit today that the central bank should press forward with rate cuts even as job growth stalls near zero. He also offered a sobering observation about the housing market: lower rates may not matter much if potential homebuyers are too worried about losing their…
While the uncertainty of the government shutdown is now more than a week behind us, consumer outlook on the economy has shown little improvement, per the latest index of Consumer Sentiment from the University of Michigan. In the latest index, consumer sentiment was reported at a near record low of 51; for reference, 100 is…
At a recent public appearance at Oxford University, Federal Reserve Board Governor Christopher Waller confirmed that he plans to vote for a 25-basis-point cut at the next Federal Open Market Committee (FOMC) meeting in December. However, during a subsequent Q&A, Waller foretold that observers may find there is currently less “groupthink” at the Fed. The…
At the next Federal Open Market Committee (FOMC) meeting Dec. 9-10, the final one of 2025, the voting committee will decide whether to adjust interest rates—with one voting member, Federal Reserve Governor Christopher Waller, already making his voting intentions clear. In a Monday, Nov. 17 appearance at the Society of Professional Economists held at Oxford…
The Federal Reserve’s next Federal Open Market Committee (FOMC), where they decide the direction of monetary policy, will be held Oct. 28 – 29. In the meantime, members of the Federal Reserve are keeping busy with public appearances. At the Invest in America forum hosted by CNBC, Fed Governor Stephen Miran sat down for a…