Powell is the first chairman in 40 years not to hold a Ph.D. in economics. Avid cyclist who has been known to ride his bike to work at the Fed. 1984-1990 - Works at the investment bank Dillon, Read & Co.

Financial markets are still concerned about inflation. The Fed influences short-term interest rates, which are falling, but longer-term bonds like the 10-year Treasury are a better reflection of inflation expectations.

The Fed’s top bank cop, Michael Barr, is stepping down early to avoid a legal battle with Trump. If the Federal Reserve is politicized and weakened, the winners will be large financial institutions and the losers will be all of us. Unfortunately, that’s already happening before President-elect Donald Trump is even sworn in.

Every year the Federal Reserve conducts a stress test on about 30 U.S. banks to evaluate their ability to withstand economic crises, using hypothetical scenarios such as when the unemployment rate rises to 10 percent and housing prices drop 40 percent.

Top Federal Reserve officials — including Chair Jerome Powell — are increasingly pointing to an obscure price gauge as a reason to maintain confidence in their outlook: “market-based” inflation.

Any investment decision depends on the investor’s risk appetite and whether he believes in the potential of gold and Bitcoin Read more at straitstimes.com.

Fed's Christopher Waller signaled that he supports cutting interest rates, despite high inflation and Trump's tariff concerns.

Federal Reserve Chair Jerome Powell no doubt had started to relax about the economy. But then yesterday the Consumer Price Index increased over the last 12 months to 2.9%, making the third month in a row it has jumped. Core inflation less food and energy prices were up 3.2%.

This contradicts months of claims from Jerome Powell who has insisted that price inflation was rapidly returning to the Fed's two-percent price inflation goal.

The past quarter’s economic data showed that the inflation battle is not over; whether the Fed eases now depends on the data, a point Jerome Powell and the Federal Reserve have repeated ad nauseam. Then came last week’s nonfarm payrolls data for April,