Section
Economy, markets, and the Fed.
4 articles archived. Newest first.
Core PCE printed at 4.3% annualized in Q1 while real GDP managed only 2.0%. CME futures still price one cut by December. The arithmetic of those three numbers does not close.
The largest FOMC dissent in 34 years arrives three weeks before Warsh inherits the chair, narrowing his cutting room and giving the hawks institutional cover.
As inflation reopens, the Fed chair must choose between managing Warsh's handoff and defending credibility
New chair likely to front-load portfolio runoff, reshaping financial conditions beyond interest rates