Central Bank Potpourri

A new AP-NORC poll finds half of Americans with household income below $50,000 say recent price … [+] increases are having a major impact on their finances, compared to a third of those in higher income households. ASSOCIATED PRESS ‘Tis the season for central bank meetings before the holiday break. Among the developed economies, the…

Powell Changes His Tune And Markets Don’t Like His 80s Music

Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen, listen to lawmakers … [+] during a House Committee on Financial Services hearing on Capitol Hill in Washington, Wednesday, Dec. 1, 2021. (AP Photo/Amanda Andrade-Rhoades) ASSOCIATED PRESS Federal Reserve Chair Powell changed his language about inflation to “more persistent” from “transitory” when speaking with lawmakers…

It’s Taper Time For The Fed

Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a live-streamed news conference … [+] following a Federal Open Market Committee (FOMC) meeting in New York, U.S., on Wednesday, Sept. 22, 2021. Powell said the Fed will be looking at unemployment, participation and wages across different race groups before making a decision on raising…