News

Chicago Fed National Activity Index goes back into negative territory in March
The Chicago Fed National Activity Index ("CFNAI")  fell -0.03 in March, reversing from +0.24 in February, which was revised ...
Why Trump’s call for the Fed to cut interest rates may not help consumers
President Donald Trump is badgering the Federal Reserve to cut interest rates, but even if the Fed gave in to the pressure, ...
Chicago Fed chief: Central bank must be independent of politics
Austan Goolsbee, the Chicago Fed chief, defended the central bank's independence in a Sunday morning talk-show interview.
Chicago Fed president Austan Goolsbee says a move by Trump to terminate Jerome Powell would ‘undermine the credibility of the Fed’
President Donald Trump said this week Fed Chair Jerome Powell’s “termination cannot come fast enough.” That’s led to a debate ...
Fed's Powell says tariffs could lead to inflation, economic slowdown
Federal Reserve Chair Jerome Powell said in a speech today that President Trump's tariffs are likely to boost U.S. inflation.
Chicago Fed Chair Goolsbee Agrees With Bessent: 'Fed Independence Is A Jewel Box,' Awaits Tariff Revisit Before 'Jumping To Action'
Chicago Federal Reserve President Austan Goolsbee has underlined the need to wait for policy action on tariffs before jumping ...
Fed Chair Powell gives starkest warning yet on potential economic consequences from tariffs
President Donald Trump’s significant policy changes, including on tariffs, are unlike anything seen in modern history, ...
Stock market slumps as Trump renews criticism of Federal Reserve Chair Jerome Powell
The stock market tumbled Monday as Wall Street grapples with ongoing tariff uncertainty and President Trump's attacks on ...
Trump tariffs will drive up inflation, Federal Reserve Chair Jerome Powell tells Economic Club of Chicago
The economy will likely stumble as it adjusts to new trade policies announced by the Trump administration, Federal Reserve ...
Chicago Fed Research Director Will Lead Philadelphia Fed
Anna Paulson will get a turn voting on the Federal Reserve’s rate-setting committee next year.
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Chicago Fed chief: Central bank must be independent of politics
Former President Trump has repeatedly criticized Federal Reserve Chair Jerome Powell, particularly regarding interest rates. Chicago Fed President Austan Goolsbee defended the Fed's independence ...