Federal Reserve officials said they are committed to a “patient approach,” even if the economy strengthens, according to minutes of their last meeting. Source: NYT > Business – Jeanna Smialek
Trump Team Vets Fed Critic for Board Seat
Judy Shelton, a longtime Fed critic who favors gradually taking interest rates to zero, is being considered for a seat on the board of governors. Source: NYT > Business – JEANNA SMIALEK
The Economy Is Strong and Inflation Is Low. That’s What Worries the Fed.
The Fed’s struggle to coax inflation to its 2 percent target signals the faltering of a foundational economic relationship. That could create a problem in the next recession. Source: NYT > Business – JEANNA SMIALEK
As Thousands of Taxi Drivers Were Trapped in Loans, Top Officials Counted the Money
The government profited and looked away as thousands of immigrant taxi drivers in New York were ravaged by exploitative loans. Source: NYT > Business – BRIAN M. ROSENTHAL
Fed Governor Says Central Bank Could Take Advantage of Trade War Inflation
Lael Brainard, a Fed governor, said the potential inflation on imports caused by President Trump’s tariffs could help the central bank achieve one of its primary goals. Source: NYT > Business – JEANNA SMIALEK
Federal Reserve Warns as Risky Corporate Debt Exceeds Peak Crisis Level
Defaults on the loans — known as leveraged lending — remain low, but the Fed warned that could change if the economy faltered. Source: NYT > Business – JEANNA SMIALEK