WSJWhatsNow: The Federal Reserve said it will abandon its policy of pre-emptively raising rates to head off inflation. PaulVigna explains.
Chairman Jerome Powell says central bank has changed how it views trade-off between lower unemployment and higher inflation
Despite many pundits predicting that the U.S. dollar would lose its global dominance, the coronavirus pandemic has only served to demonstrate how vital it remains to the international financial system. WSJ explains why this isn’t the first crisis to do so. Photo: Scott Eells/Bloomberg News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fed Unanimously Approves Shift on Inflation Goal, Ushering in Longer Era of Low RatesChairman Jerome Powell unveiled the updates, the most ambitious revamp of Fed policy-setting framework since it was first approved in 2012, in a speech set for delivery at a virtual symposium. The practical effect is that it may be a very long time before the Fed considers raising interest rates.
Read more »
In major shift, Fed will let inflation rise and target jobsThe Federal Reserve Thursday announced historic plans to change how it targets inflation, effectively allowing prices to run higher in order to accelerate growth and bring down unemployment.
Read more »
The Fed Just Announced A Major Inflation Policy Change—Here’s Why That MattersI'm a breaking news reporter for Forbes focusing on economic policy and capital markets. I completed my master’s degree in business and economic reporting at New York University. Before becoming a journalist, I worked as a paralegal specializing in corporate compliance.
Read more »
Investors price for Fed chair to signal inflation can run higherInvestors are awaiting a pivotal speech by U.S. Federal Reserve chair Jerome Powell on Thursday, positioning for rates to be kept lower-for-longer and inflation to potentially run higher.
Read more »
Fed adopts “average inflation target” of 2% as new policyThe Federal Reserve’s interest-rate committee on Thursday announced it has unanimously approved a new strategy seen as leasing to an easier monetary policy...
Read more »
Fed to seek higher inflation in bid to boost employmentThe Federal Reserve announced today that it will push for more inflation as the pandemic stifles economic activity, a change in longstanding policy that’s aimed at boosting employment as much as possible
Read more »