European Central Bank Faces Hurdle in Cutting Stimulus: A Weak Dollar

By JACK EWING September 7, 2017 FRANKFURT — The European Central Bank had been expected to announce a major policy shift on Thursday. The dollar has had other plans. Since early 2015, the European Central Bank has been flooding the 19-nation eurozone...

Fed Officials Confront New Reality: Low Inflation and Low Unemployment

By BINYAMIN APPELBAUM August 16, 2017 WASHINGTON — Federal Reserve officials are struggling to make sense of a new economic reality in which low inflation and low unemployment are persisting side by side. At the Fed’s most recent meeting, in late...

Economic Trends: Janet Yellen and the Case of the Missing Inflation

Economic Trends By NEIL IRWIN June 14, 2017 Inflation has stubbornly stayed lower than the Federal Reserve has desired for the past eight years, and it has been falling in the last few months. In a move that could well define her chairmanship of the central...

Markets Unfazed as Federal Reserve Nears Plan to Shed Bonds

By BINYAMIN APPELBAUM June 12, 2017 WASHINGTON — The Federal Reserve, which holds more bonds than any other investor, is planning how to shed some of them starting this year. And no one is too worried about it. The Fed is expected to announce in the...

European Central Bank Meeting Focuses on ‘Forward Guidance’

By JACK EWING June 8, 2017 FRANKFURT — Forward guidance might sound like something to mount on the dashboard of a car. But in the world of monetary policy it is a crucial concept, one that will be the focus of the European Central Bank’s meeting...