Jerome Powell
2024: The year in central banking
A look back at the biggest and most popular news stories of the year
Banknotes: October to December 2024
A round-up of news and salient issues that have affected central bankers in the past three months
Fed makes post-presidential election rate cut
Chair Powell stresses Trump’s election as president will have no effect on policy in the near term and he has no plans to resign at Trump’s request
FOMC in no hurry to cut rates, says Powell
September’s loosening reflects growing confidence in soft landing, argues Fed chair
Experts split on impact of Fed’s new Basel III proposal
Economists divided over financial stability ramifications of vice-chair’s new capital ratios plan
Hong Kong raises rate and Taiwan holds
Decisions come a day after Fed’s 50bp rate cut
FOMC initiates rate cutting with 50bp reduction
Experts say Fed’s credibility is not on the line, but Powell remains under significant pressure
All eyes on the Fed
The US central bank faces a challenging path to fulfil its mandated goals
Banknotes: July to September 2024
A round-up of news and salient issues that have affected central bankers in the past three months
BLS revises US employment downward
Bureau says 818,000 fewer jobs were created over year to March than it had previously estimated
Fed chair says time has come to adjust policy
Powell warns of ‘unmistakable’ labour market cooling in speech at Jackson Hole summit
Trump administration would pursue ‘course correction’ at Fed
Former Fed adviser says ex-president would try to reform an institution he already sees as politicised
Did the Fed make a mistake holding rates in July?
Experts warn Fed not to signal “panic” but to be ready to act aggressively if needed
Fed holds rates again
Powell says FOMC’s “broad sense” is that US economy is moving to point where cuts would be justified
Trump says he would probably let Powell continue on Fed board
If he is “doing the right thing”, Jerome Powell can serve out his term, former president says
Chicago Fed chief warns of overtightening if rates hold
Fed chair Jerome Powell also finds confidence in recent inflation data
Powell warns of commercial real estate risks
Fed chair tells Senate further cooling of the labour market could induce a rate cut
US labour markets approaching pre-pandemic state, report finds
Simple rules suggest fed funds rate should be at or below current level, report says
Malaysia’s Rasheed expects a “bumpy road” for EM currencies
Governor Abdul Rasheed Ghaffour says BNM will intervene if needed ahead of future Fed cut; rules out capital controls but has encouraged institutions to repatriate earnings
US politicians urge Fed to lower interest rates
Democratic senators and congress members say CPI likely to be “grossly overstating” inflation
Fed policy-makers express frustration over price rises
Officials draw differing conclusions on the outlook for the labour market