The Fed and the US economy
Ongoing coverage of Fed rate decisions, what Fed officials say, the fight over Fed independence, and US jobs, inflation and Treasury yield data, updated daily.
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Federal Reserve
Administration
What they said
What the key figures said on the record, as reported.
Donald Trump43
Kevin Warsh38
Scott Bessent9
Kevin Hassett9
Lisa Cook5
Christopher Waller4
Neel Kashkari4Beth Hammack4
Austan Goolsbee3
Michelle Bowman2
Warsh says Fed policymakers will weigh balance-sheet issues early next yearFederal Reserve Chair Kevin Warsh said Wednesday that US central bank policymakers will begin considering recommendations from a task force studying balance-sheet issues sometime in the new year.
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Reuters
Full interview: Fed Chair Warsh on the global economy and AIFederal Reserve Chairman Kevin Warsh speaks with IMF chief Kristalina Georgieva at an IMF event in Bangkok, Thailand, discussing the global economy and AI.
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Bloomberg Television
Warsh says AI will change how monetary policy is conductedFed Chairman Kevin Warsh said AI could be the most consequential change to the US and global economy in his lifetime, describing it as a positive supply shock over the medium term. He spoke at an IMF event in Bangkok, moderated by IMF Chief Kristalina Georgieva.
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Bloomberg Television
Fed Chair Warsh Says US Is Seeing an Investment SurgeFederal Reserve Chair Kevin Warsh says investment is surging in the United States, partly because of sound macroeconomic policy and strong microeconomic foundations. He called it one of the global economy’s most important positive developments.
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Bloomberg Television
Warsh Says US Is Facing a Massive Investment SurgeKevin Warsh says the US is facing a massive surge in investment.
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Bloomberg Television
Warsh says AI’s path will be ‘very bumpy’ but ultimately boost wealthWarsh is optimistic that economies making effective use of AI will become more productive and wealthier, though he warned that getting there will be “very bumpy.”
C
CNBC
Fed plans to overhaul bank supervision responsibilities, Bowman saysThe Federal Reserve plans to change how it supervises U.S. banks, replacing a system in which regional bank presidents oversee examinations with a model that will be more accountable to Washington, the central bank’s top regulatory official, Michelle Bowman, said Tuesday.
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Reuters - Fed's Hammack says there is still time to weigh next monetary policy move
Cleveland Fed President Beth Hammack said Friday that September’s U.S. employment report was consistent with the recent hiring trend. She said she still has time to consider what the next monetary policy step should be.
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Reuters
Hassett Says Powell Can Decide His Own FutureNational Economic Council Director Kevin Hassett says it is unusual that Jerome Powell remains a member of the Federal Reserve Board of Governors after being replaced as chair. Asked whether Powell should leave, Hassett says the decision belongs to Powell.
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Bloomberg Television
Fed's Cook sees AI-driven inflation as a top 2027 riskFederal Reserve Governor Lisa Cook said Thursday that artificial intelligence and its inflationary effects rank among the top risks for 2027. She also said increasingly frequent supply shocks have had unexpectedly lasting effects and are becoming more important for policymakers.
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Reuters
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November 20266 related reports
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CryptoSlate - Binance hack fallout, U.S. midterms and jobs report: Crypto week aheadC
CoinDesk
- Economic frustration set to boil over in midterm electionsC
CBC News
- Fed study finds Treasury dealers’ financing burden can outlast their bond holdingsC
CryptoSlate - Tech selloff could ease pressure on the FedB
Bloomberg Television - The $40 Trillion Problem Washington Won’t Talk AboutB
Bloomberg Television