FOMC

Federal Reserve Chairman Jerome Powell said protectionism can hurt economic growth and potentially undermine wages.

Federal Reserve Chairman Jerome Powell said the central bank will continue to gradually raise interest rates “for now’’ to keep inflation near target amid a strong U.S. labor market.

Neel Kashkari does not want to invert the yield curve.

Monetary policy is still accommodative and gradual increases in the fed funds rate target will proceed, according to the Federal Reserve’s monetary policy report to Congress, released Friday.

Federal Reserve Chairman Jerome Powell gave an upbeat assessment of the U.S. economy.

Federal Reserve Bank of Philadelphia President Patrick Harker defended the central bank’s symmetrical inflation target.

Federal Reserve officials reaffirmed their commitment to gradually raising the benchmark lending rate amid rising risks from trade battles and emerging-market turmoil that could blunt the tailwind from fiscal policy.

With all the focus on the shape of the U.S. yield curve recently, fixed-income traders could be forgiven for not concentrating so much on the growing tumult in the fed funds rate.

Market participants will be curious to see if the panel discussed “what the long term real rate is or about what the neutral rate is.”

When it comes to curve watching, former Federal Reserve chairman Alan Greenspan has a favorite: the 5-to-30-year Treasury yield gap.