“There are no recent precedents to guide any policy response to the current situation," the Federal Reserve chairman warns.
Good news: U.S. banks' funding costs are falling. Bad news: the European Central Bank prepares to make new asset purchases.
The new nominations come after Trump’s previous nominees, Stephen Moore and Herman Cain, both withdrew from consideration.
Amid "pervasive uncertainty" over trade, "the ECB and the U.S. Federal Reserve appear to have given up on plans to tighten [monetary] policy."
Policymakers still appear to have left themselves "some wiggle room” in determining monetary policy for the rest of 2019.
Fed veterans are concerned Trump is seeking to reshape the central bank with political loyalists Herman Cain and Stephen Moore.
If the Fed is going to conduct monetary policy by manipulating asset prices, it should expect to see periods of extreme market volatility.
The central bank didn't raise rates on Wednesday but reiterated that "further gradual increases" would be consistent with economic conditions.
When politicians start chiming in on monetary policy, they actually can torpedo sensible policy: opinion.
It may soon be time to drop language indicating monetary policy “remains accommodative,” Fed officials suggested at their June meeting.
The 0.4% decline suggests inflationary pressures remain muted, possibly dampening prospects for an interest rate hike next month.
With recent economic indicators mixed, a "cautious approach to adjusting monetary policy remains appropriate," the Fed says.
