
Colby Smith
Federal Reserve and US Economy Correspondent at The New York Times
@nytimes correspondent writing about the Federal Reserve and the US economy. Previously @FT, @TheEconomist, @BloombergTV. [email protected]
Articles
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4 days ago |
shorturl.at | Ben Casselman |Colby Smith
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4 days ago |
nytimes.com | Ben Casselman |Colby Smith
Huge deficits are already making bond investors nervous. Economists warn that could make it harder to respond to future crises. There is a basic rule of thumb when it comes to the federal budget. The government should spend heavily during times of crisis - recessions, wars, pandemics - and then get its fiscal house in order when the crisis passes.
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1 week ago |
myheraldreview.com | Colby Smith
The Federal Reserve’s preferred inflation measure stayed subdued in April as spending slowed. But the outlook for the economy has become even more muddied amid constant changes to President Donald Trump’s policies. The personal consumption expenditures price index, released Friday, climbed 2.1% in April from a year earlier, slightly lower than the previous reading of 2.3% and closer in line with the Fed’s 2% target. On a monthly basis, prices increased 0.1% after staying flat in March.
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1 week ago |
nytimes.com | Colby Smith
Jerome H. Powell stressed in his first meeting since the president returned to the White House that policy decisions would be "based solely on careful, objective and nonpolitical analysis." President Trump met with Jerome H. Powell, the chair of the Federal Reserve, on Thursday after months of attacking the central bank for moving too slowly to lower interest rates. The meeting, which was organized at Mr. Trump's request, is the first since the president returned to the White House.
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1 week ago |
miamiherald.com | Colby Smith |NYT Business
Before the Federal Reserve’s meeting this month, investors were still holding out hope that the central bank would soon restart the interest rate cuts that it put on pause in January. But minutes from that gathering underscore how wedded officials were to their wait-and-see approach amid extreme uncertainty about the economic outlook.
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NEW: @Austan_Goolsbee tells @nytimes that despite the reprieve with China, tariffs are likely to still raise prices and lower growth. He's in wait-and-see mode and the bar to cut is high "The way that we’re doing this is not free for the economy" https://t.co/JZ1EAjGpA7

A new quarterly survey conducted by @ClevelandFed showed that CEOs and other top executives expect CPI inflation to be 3.9 percent over the next 12 months, up from 3.2 percent in the first quarter. It currently stands at 2.4 percent. https://t.co/zQxbZjN49z

Kevin Warsh, a leading contender to replace Powell as Fed chair, elaborates on his argument that the Fed’s balance sheet should be smaller “The banks will get used to the liquidity regime around them,” he said on Friday at @HooverInst “If the central bank has a permanently