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
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
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
Toys, Phones and Sneakers: The Chinese Goods Trump Wants to Tax Next
An escalation of the president’s trade war with China is poised to hit every conceivable consumer product, and then some. Source: NYT > Business – JIM TANKERSLEY and JEANNA SMIALEK
Fed Leaders Try to Talk Up Inflation Without Stoking Rate Cut Expectations
Despite low inflation and White House cajoling, Fed officials continued to suggest a path of inaction on interest rates. Source: NYT > Business – JEANNA SMIALEK
April Jobs Report: Here’s What to Watch For
Analysts expect the figures to show strong hiring, as fears of a slowdown have faded and many economic indicators have recently turned upward. Source: NYT > Business – NELSON D. SCHWARTZ