Monetary policy

While it is possible that the Federal Reserve’s hiking cycle is complete, but the more likely scenario is rates will go “a bit higher,” Federal Reserve Bank of Cleveland President Loretta Mester said Thursday.

President Trump fired a fresh broadside at the Federal Reserve for raising interest rates last year, saying the economy is in good shape “despite the unnecessary and destructive actions” taken by the central bank.

Sens. Sherrod Brown, D-Ohio, and Ron Wyden, D-Ore., pressed Stephen Moore for details about reports that he owes more than $75,000 in taxes and failed to pay more than $300,000 in alimony and child support.

With the Federal Reserve finished raising interest rates, some yield curve inversions would signal a coming recession, according to Brian Rehling of Wells Fargo Investment Institute.

President Trump’s top economic adviser said the president stands by his choice of Stephen Moore for an open seat on the Federal Reserve Board despite recent reports about the possible nominee’s failure to fully pay taxes and alimony.

The Federal Reserve should return to its pre-crisis corridor operating system, with a smaller balance sheet, former Federal Reserve Bank of Philadelphia President Charles Plosser said.

More than a decade ago, then-Federal Reserve Chairman Ben S. Bernanke dismissed the curve’s predictive powers after two of the most widely watched yield spreads inverted and then went flat.

Because Federal Reserve officials attempt to do too much with speeches and forward guidance, communications are confusing, according to economist Mickey Levy.

The Federal Reserve released the program for a June conference on the conduct of monetary policy that will be comprised of mostly academics.

President Trump blasted the central bank for “mistakenly’’ raising interest rates and for a “ridiculously timed’’ reduction in its balance sheet.