Chris Rugaber
@chrisrugaber.bsky.social
Federal Reserve, economy reporter. I root for the economy to do well. Tell me your stories: contact me on Signal at ChrisRugaber.01 and at [email protected].
Our story: apnews.com/article/bost...
Atlanta Fed president Bostic to retire in February, opening seat on key committee
Raphael Bostic, president of the Federal Reserve Bank of Atlanta, is retiring at the end of his current term in February, opening up a new seat on the Fed’s interest-rate setting committee at a time t...
apnews.com
November 12, 2025 at 3:05 PM
Our story: apnews.com/article/bost...
There may be 3 groups on the committee: One worried that hiring is weakening; another concerned that inflation is still too high; and a third that thinks if the job market picks up, more cuts won't be necessary.
And just in the past week, high-profile layoffs! Good luck Fed! /fini
And just in the past week, high-profile layoffs! Good luck Fed! /fini
October 30, 2025 at 4:30 PM
There may be 3 groups on the committee: One worried that hiring is weakening; another concerned that inflation is still too high; and a third that thinks if the job market picks up, more cuts won't be necessary.
And just in the past week, high-profile layoffs! Good luck Fed! /fini
And just in the past week, high-profile layoffs! Good luck Fed! /fini
Powell doesn't see that happening:
"One of those would be, you know, a really tight labor market. We don't see that. Another could be inflation expectations, but we really don't see that."
"One of those would be, you know, a really tight labor market. We don't see that. Another could be inflation expectations, but we really don't see that."
October 30, 2025 at 4:26 PM
Powell doesn't see that happening:
"One of those would be, you know, a really tight labor market. We don't see that. Another could be inflation expectations, but we really don't see that."
"One of those would be, you know, a really tight labor market. We don't see that. Another could be inflation expectations, but we really don't see that."
When it comes to inflation, Powell accepts that tariffs will keep goods prices elevated well into next year. But a key consideration is what would transform the tariff impacts on goods into a more sustained, economy-wide inflation. Rising wages and higher inflation expectations would do it, but...
October 30, 2025 at 4:24 PM
When it comes to inflation, Powell accepts that tariffs will keep goods prices elevated well into next year. But a key consideration is what would transform the tariff impacts on goods into a more sustained, economy-wide inflation. Rising wages and higher inflation expectations would do it, but...
More Powell: "At the same time, I think the risk of higher, more persistent inflation has declined significantly since April."
He also noted that housing inflation has cooled and non-housing services are elevated by "nonmarket" factors, which aren't really seen by consumers.
He also noted that housing inflation has cooled and non-housing services are elevated by "nonmarket" factors, which aren't really seen by consumers.
October 30, 2025 at 4:21 PM
More Powell: "At the same time, I think the risk of higher, more persistent inflation has declined significantly since April."
He also noted that housing inflation has cooled and non-housing services are elevated by "nonmarket" factors, which aren't really seen by consumers.
He also noted that housing inflation has cooled and non-housing services are elevated by "nonmarket" factors, which aren't really seen by consumers.
The Fed is all over the map on inflation as well. Kansas City Fed President Schmid dissented in favor of no cut because he is clearly worried inflation is still too high.
Yet Powell was somewhat dismissive about prices: "Inflation away from tariffs is actually not so far from our 2% goal." 6/x
Yet Powell was somewhat dismissive about prices: "Inflation away from tariffs is actually not so far from our 2% goal." 6/x
October 30, 2025 at 4:19 PM
The Fed is all over the map on inflation as well. Kansas City Fed President Schmid dissented in favor of no cut because he is clearly worried inflation is still too high.
Yet Powell was somewhat dismissive about prices: "Inflation away from tariffs is actually not so far from our 2% goal." 6/x
Yet Powell was somewhat dismissive about prices: "Inflation away from tariffs is actually not so far from our 2% goal." 6/x