Federal Reserve's Policy Shift

This is a U.S. news story, published by Yahoo Finance, that relates primarily to Jerome Powell news.

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monetary policy

Reuters

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Fed's Powell may have made US monetary policy boring again

Summary

Nutrition label

79% Informative

Fed Chair Jerome Powell may be remembered as the man who got the U.S. through the economic crisis triggered by the COVID-19 pandemic and the one who made central banking boring again.

Former St. Louis Fed President James Bullard was on the policymaking team that saw the central bank's role expand during the 2007-2009 financial crisis.

Bullard will give the opening address on Monday at a conference in Washington about the Fed 's monetary policy framework.

Fed officials now see inflation pressures remaining more elevated than before the pandemic.

Some economists argue that the incoming Trump administration's policies could rock an economy the Fed feels is healthy and in balance.

But there is emerging agreement that the central bank's current framework was tailored too much to the circumstances and risks of the decade after the 2007-2009 crisis.

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful