Despite Weak Inflation, Fed Is Likely to Raise Interest Rates in June

By BINYAMIN APPELBAUM May 30, 2017 WASHINGTON — A speech by a Federal Reserve governor Tuesday underscored a basic shift in Fed policy: The central bank now needs to be convinced that quarterly rate increases are a bad idea. After years in which any...

Fed Sounds Cautious Note but Doesn’t Deter Forecast of Rate Increase

By BINYAMIN APPELBAUM May 24, 2017 WASHINGTON — Federal Reserve Board officials said at a meeting early this month that they wanted to see evidence of stronger economic growth before continuing to increase the Fed’s benchmark interest rate,...

Economic Trends: We’re Getting Awfully Close to Full Employment

Economic Trends By NEIL IRWIN May 5, 2017 There is one prism through which we should analyze the April jobs numbers released Friday and each of the remaining reports in 2017: How close to full employment are we, really? That is the apparently simple yet...

Economic View: The Economy May Be Stuck in a Near-Zero World

April 7, 2017 Economic View By JUSTIN WOLFERS When the Federal Reserve lowered interest rates to close to zero during the financial crisis, it was an extraordinary move. The central bank had hit the limits of conventional monetary policy, leaving the recovery to...

Monetary Policy: Yellen’s Message: My Work Here Is (Mostly) Done

Monetary Policy By NEIL IRWIN March 15, 2017 The economy will keep growing just enough to put more Americans back to work, but without overheating to generate excessive inflation. American workers will see gradual pay raises that keep compensation rising...