The Fed's two-and-a-half-year battle to reduce inflation appears to have succeeded, but the US election could change that, said Nick Timiraos, the Fed's mouthpiece. Both candidates support growth-boosting policies that could prevent inflation from falling further. But economists and even conservative advisers worry that Mr. Trump's views are particularly likely to provoke...
On July 10, the "Federal Reserve Messenger" Nick Timiraos article pointed out that Federal Reserve Chairperson Jerome Powell said at the hearing on Tuesday that the trade-off between reducing inflation and maintaining a solid labor market is changing, a cautious but important shift that brings the Federal Reserve one step closer to cutting interest rates. "Rising inflation is not the only risk we face," Powell said. "We have seen the labor market cooling significantly in many ways. This is not t...