Fed, Jerome Powell and interest rates
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The Fed chair’s ability to corral differing minds is a credit to his leadership, Derek Tang writes in a guest commentary.
Inflation strains, weak jobs, and a new Fed chair reshape the 2026 outlook.
Federal Reserve Chair Jerome Powell downplayed dissenting votes against Wednesday’s decision to lower interest rates again, but a slew of finer details from the meeting revealed just how divided the central bank has become.
The Fed chair said there's no risk-free path to reducing inflation while supporting a creaky labor market, but suggested that higher productivity could be a "get-out-of-jail-free" card.
Powell acknowledged that the idea of a K-shaped economy was “clearly a thing” showing up in the Fed’s data.
Federal Reserve officials have voted to cut interest rates by 25 basis points at their December FOMC meeting on Wednesday, lowering rates to a range of 3.5 to 3.75%. The announcement was followed by a press conference with Fed Chair Jerome Powell,
The Fed chair said underlying job growth could already be below zero, with official payroll figures overstating reality by tens of thousands each month.
West Indies' middle-order six-hitter prefers to bat at No. 5 as it gives him "an opportunity to build an innings"