From WSJopinion: The Fed has manifestly failed during Jerome Powell’s tenure, further rigging our economy in favor of the wealthy while working people suffer, writes SenTomCotton. The Senate should not support his reappointment.
Wonder Land: What we needed most from the Government during Covid's two long years were mid-course corrections. Instead politicians chose rigidity, such as Joe Biden's vaccine mandate. Images: AFP via Getty Images Composite: Mark KellyWhile Jerome Powell was a better choice than Lael Brainard for Federal Reserve chairman, that alone isn’t a good reason to confirm Mr. Powell for a second term. The Senate should not support his reappointment.
The Fed’s core mission is to ensure stable prices and a sound currency. No one can seriously argue that it accomplished this mission under Mr. Powell’s leadership. After years of reckless policy, inflation now exceeds 6%—the highest rate in 30 years.
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Opinion | The Fed Battles Wyoming on CryptocurrencyFrom WSJopinion: Over the past year my faith in the Fed has been deeply shaken by its political approach to digital assets in my home state of Wyoming, writes CynthiaMLummis
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Fed may have to end bond-buying stimulus strategy in early spring, Bostic says“I do think we need to tapering and winding down the bond purchases,” said Raphael Bostic, president of the Atlanta Federal Reserve. “Let’s get it over sooner than later.”
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'He's to the left of Lenin': Republicans fear Cordray at Fed would further 'Biden's federal takeover' of U.S. banking system“Richard is to the left of Lenin,” Republican Sen. John Kennedy of Louisiana of Richard Cordray. “Richard believes that only government can make America great.'
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'He's to the left of Lenin': Republicans fear Cordray at Fed would further 'Biden's federal takeover' of U.S. banking system“Richard is to the left of Lenin,” Republican Sen. John Kennedy of Louisiana of Richard Cordray. “Richard believes that only government can make America great.'
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With inflation risks rising, Fed's Powell prepares for possible pivotThe U.S. central bank needs tobe ready to respond to the possibility that inflation may not recede in the second half of next year as most forecasters currently expect, Federal Reserve Chair Jerome Powell said on Wednesday.
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ECB faces calls to be clearer on inflation after Fed's Powell drops 'transitory'Fed's Powell tweaked his tone about inflation. Now, economists in Europe say the European Central Bank needs to do the same.
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