Federal Reserve

Federal Reserve minutes: Some officials highlighted worsening inflation last month. For a third straight month, consumer inflation rose at a pace faster than is consistent with the Feds target level. Almost all the officials, according to the minutes, favored cutting their benchmark rate at some point this year.

Hidden camera captures Principal Economist @federalreserve talking about Jerome Powells legacy as somebody who held the line against like, Trump. The influential agency responsible for maintaining a stable monetary system appears to be setting policies for desired social outcomes. Under Powell, the Fed has changed to think about equity issues, like racial issues.

James O'Keefe - BREAKING, INSIDE THE FEDERAL RESERVE. The influential agency responsible for maintaining a stable monetary system appears to be setting policies for desired social outcomes. Under Powell, the Fed has changed to think about equity issues, like racial issues.

The disappointing consumer price inflation numbers released on April 10 suggest that inflation will not come down to the Federal Reserves 2 percent target without a recession. The numbers also suggest that interest rates will need to stay high for longer in order to regain control over inflation. That could spell real trouble for the financial system in general and regional banks in particular.

Minutes of Feds March 19-20 meeting released Wednesday. All 19 officials generally agreed that high inflation readings in January and February had not increased their confidence that inflation was falling steadily to their 2% target. Many economists had suggested that the outsize price increases in the first two months of the year probably reflected one-time moves that often happen at the start of a year as companies impose annual price hikes.

Joe Biden criticized Donald Trump over his calls for the Federal Reserve to lower interest rates. The president should not be trying to pressure the Fed, Biden said in an interview with CNBCs John Harwood. Biden said Marchs hotter-than-expected inflation report will delay an interest-rate cut. The Federal Reserve is supposed to make decisions on interest rates independent of politics.

Some Feds policymakers argued at March meeting that inflation was likely worsening. The government reported Wednesday that price increases re-accelerated last month. For a third straight month, consumer inflation rose at a pace faster than is consistent with Feds target level.

The Federal Reserve needs to worry about a commercial real estate crisis and China, Desmond Lachman says. Lachmen: The Fed should not focus on backward-looking economic data points but rather on what might lie ahead. He says the banks in general and the regional banks, in particular, are in no position to absorb large commercial property loan losses. China is experiencing the bursting of its mega-sized housing and credit market bubble, he says.

Joe Biden appointed to a 15-year term on the fed an "economist" who had never published a peer-reviewed paper on economics. The papers she did publish (on race), it turns out, at times plagiarized and often recycled language from co-authors' old work.