The U.S. financial system relies less on bank lending than in the past ... be too late to avoid a more serious employment downturn by the time they see that evidence, a point Powell acknowledged ...

It seems like Powell is haunted by past mistakes. After being slow to respond in 2021 — when he infamously called inflation “transitory” — he’s almost certainly trying to avoid another ...

It’s easy to think that the Jerome Powell-led Federal Reserve has been one of the unluckiest on record. From the 2020 pandemic and its messy aftermath to the current tariff-induced economic and ...

If Trump really wants lower rates, however, the best person to fire would be himself, not Powell. If Trump had not enacted a vast set of reckless tariffs during the past two months, the Fed would ...