Federal Reserve Chair Jerome Powell discussed "economic developments" at a White House meeting organized by President Donald ...

Many people think that there is a settled body of science to guide monetary policy, and that the Fed “runs” the economy, but both views are grossly mistaken. No single person or committee runs ...

For that reason, in every advanced economy except Canada, monetary policy is delegated to a committee of experts rather than to a single decision-maker. In practice, however, decision-making has been ...

The Committee is strongly committed to supporting maximum employment and returning inflation to its 2 percent objective. In assessing the appropriate stance of monetary policy, the Committee will ...