Neil Irwin

The minutes of the Federal Reserve policy meeting three weeks ago, due out Wednesday afternoon, are shaping up to be the most attention-worthy in recent memory.

Federal Reserve officials saw a wide range of scenarios for how the economy and inflation will evolve at their meeting last month, leaving the

The bottom line: Still, predictions that inflationary pressures will recede rapidly over the remainder of the year come with increasingly obvious asterisks.

Neil Irwin Just a few weeks ago, there were plenty of reasons to expect inflation pressures to fade in the back half of 2026.

The Federal Reserve on Thursday announced leaders of five outside task forces that chairman Kevin Warsh has formed in his push to reform the central

say that matters most. Trump did not say he will veto the housing legislation. In the absence of a presidential veto, the bill will automatically become law at midnight.

The task forces don't have power on their own, but their influence will rest on their ability to persuade the FOMC that their critiques hold up to criticism.

Decades of orthodoxy on trade, manufacturing, housing, health care and corporate power have gone by the wayside.

The Marriner S. Eccles Building has long been part of fraught debates around central bank independence.

His testimony comes as some Fed officials debate whether there's a need for higher interest rates.