Federal Reserve

Markets are leaving little room for the Fed to be wrong on inflation

Investors have faith in the Fed. Over the past three months consumer prices, excluding volatile food and energy, have risen 2%, equivalent to a shockingly high annual rate of 8.2%. Rather than panic and dump bonds, investors have piled into Treasurys and pushed 10-year yields back down to where they stood in late February. Confidence in the central bank is absolute.

Powell says Fed does not seek to set climate policy for US

The Federal Reserve does not seek to set climate change policy for the United States and the issue, while of long-term economic concern, does not currently influence monetary policy, Fed chair Jerome Powell said on Friday.