Why the Fed is driving up unemployment

Why the Fed is driving up unemployment

Federal Reserve Chairman Jerome Powell said Wednesday that it would be nearly impossible for the central bank to beat inflation without hundreds of thousands of Americans losing their jobs. Fed officials expect the jobless rate to hit 4.4% next year, from 3.7% in August, as they raise borrowing costs and slow the economy, according to … Read more

My big worry with the Fed and why we’re in a holding pattern

My big worry with the Fed and why we’re in a holding pattern

There is a broad perception that Federal Reserve Chairman Jerome Powell doesn’t care about corporate news at all. It is strictly a creature of the government’s major economic reports – the consumer price index, producer price index, industrial production, retail sales and, of course, employment figures not agricultural. He also cares about what his colleagues … Read more