Economy Week Ahead: Fed, Other Central Banks in Focus
The Federal Reserve’s policy meeting highlights this week’s slate of economic news. Wednesday China’s economic activity showed some signs of...
Monetary Policy
Powell’s Opinions on Inflation Matter, Not Biden’s
One of the reasons inflation got out of control in the 1970s is that policy makers had heterodox theories about...
Economy Week Ahead: Inflation in Focus
The U.S. consumer-price index for May is forecast to show inflation remained high. Photo: Spencer Platt/Getty Images U.S. and China...
Bank of Canada’s Beaudry: Policy Rate Might Be Headed Toward 3% or Above
OTTAWA—The rapid acceleration in prices has increased the likelihood the Bank of Canada may need to double its policy interest...
Biden to Meet With Fed’s Powell to Discuss Economy
WASHINGTON—President Biden will meet with Federal Reserve Chairman Jerome Powell on Tuesday to discuss the state of the U.S. and...
Fed Official Supports Raising Interest Rates at Fast Clip ‘for Several Meetings’
A Federal Reserve official said Monday he would support raising interest rates in half-percentage-point increments for several more meetings, adding...
Digital Dollar Could Coexist With Stablecoins, Fed Vice Chairwoman Says
WASHINGTON—A U.S. central bank digital currency could one day provide consumers with a level of safety amid a proliferation of...
Fed Minutes Show Urgency for Raising Rates to Tame High Inflation
Minutes from the Fed’s May 3-4 meeting, released Wednesday, also showed officials discussed the possibility they would raise interest rates...
Japan Inflation Tops 2% for First Time in 13 Years
TOKYO—Consumer prices in Japan rose at a pace above 2% for the first time in more than 13 years, a...
Fed Nominee Michael Barr Supports Rewriting Lending Rules, Cautious on Capital Requirements
WASHINGTON— Michael Barr, President Biden’s pick to become the government’s most influential bank regulator, told senators that he supports a...
WSJ News Exclusive | Powell Says Fed Has Resolve to Bring U.S. Inflation Down
Federal Reserve Chairman Jerome Powell said the central bank’s resolve in combating the highest inflation in 40 years shouldn’t be...
Senate Confirms Jerome Powell to Second Term Leading Federal Reserve
Mr. Powell’s nomination, approved Thursday on an 80-19 vote, has been on track for months to win bipartisan approval despite...
Rapid Pace of U.S. Job Growth Stretched Into April
The U.S. labor market extended a run of rapid job growth last month despite jittery markets and increased economic uncertainty,...
Fed Lifts Interest Rates by Half-Point in Biggest Hike Since 2000
The Federal Reserve approved a rare half-percentage-point interest rate increase—the largest since 2000—and a plan to shrink its $9 trillion...
Senate Expected to Confirm Brainard as Federal Reserve’s Vice Chairwoman
Federal Reserve governor Lael Brainard is poised to win confirmation as the central bank’s vice chairwoman after clearing a procedural...
Global Growth Ebbs in Face of Ukraine War, China Slowdown
FRANKFURT—Economic growth is slowing in large parts of the globe as businesses struggle to navigate the effects of Russia’s invasion...
Fed’s Powell Could Seal Expectations of Half-Point Rate Rise in May
Federal Reserve Chairman Jerome Powell is scheduled to participate in a panel discussion hosted by the International Monetary Fund on...
Hot Economy, Rising Inflation: The Fed Has Never Successfully Fixed a Problem Like This
The Federal Reserve is setting out to do something it has never accomplished before: reduce inflation a lot without significantly...
U.K. Inflation Hits Fresh Three-Decade High, Squeezing Household Budgets
The U.K.’s inflation rate rose to a fresh three-decade high in March, as energy prices surged following Russia’s invasion of...
Russia Cuts Interest Rate as Financial System Stabilizes
Russia’s central bank cut its key interest rate following an unscheduled meeting of policy makers Friday, a sign that efforts to...
