“While tariffs are highly likely to generate at least a temporary rise in inflation, it is also possible that the effects could be more persistent.”

Use of generative AI could “lead to herding behavior and the concentration of risk, potentially amplifying market volatility. ... GenAI agents directed to maximize profit may converge on strategies to maximize returns through coordinated market manipulation.”

At the FOMC’s December meeting, “some participants stated that there was merit in keeping the target range for the federal funds rate unchanged,” minutes show.

Policymakers don’t expect to reach their 2% inflation goal until 2027, so “from here on out, it is going to be much harder to get rate cuts without much further improvement on inflation.”

In the Fed’s semi-annual report on U.S. financial stability, the second- and third-ranked concerns were escalating tensions in the Middle East and policy uncertainty.

Chairman Powell adds that he wouldn't resign if asked by Trump.

Federal Reserve Chair Jerome Powell received some pushback on the half-point interest rate cut in September, as some officials preferred a smaller,…

If officials could know with confidence where the neutral rate of interest lay, they could just move there and declare victory. But it's not that simple.