Nick Timiraos is chief economics correspondent for The Wall Street Journal, where he is responsible for covering the Federal Reserve and other major developments in U.S. economic policy.
The Wall Street Journal, February 15, 2022
Jay Powell’s first term as Fed chair was marked by improvising to prevent the pandemic from creating years of economic misery. The start of his second term will be different: His job is to tame inflation, now running at a 40-year high, without triggering a recession or eroding the success his predecessors had in wringing it out of the economy.
The Wall Street Journal, December 12, 2021
Supply-chain disruptions, labor shortages and climbing oil prices have pushed inflation to a 39-year-high. But attention is now focused on another variable: Do people think inflation is here for a while? Because people’s expectations can factor into inflation, the answer plays a critical role in determining how the Federal Reserve and the administration manage the rising numbers—and how soon and how much the Fed will raise interest rates.
The Wall Street Journal, December 6, 2021
Just four weeks ago, the Federal Reserve set in motion carefully telegraphed plans to gradually wind down a bond-buying stimulus program by June. Officials are making plans to accelerate the process. The abrupt shift opens the door to the Fed raising interest rates next spring rather than later in the year to curb inflation, marking a significant policy pivot by Chairman Jerome Powell shortly after President Biden offered him a second four-year term leading the central bank.
The Wall Street Journal, November 22, 2021
The Wall Street Journal, August 23, 2021
The Wall Street Journal, January 25, 2021
The Wall Street Journal, January 4, 2021
The Wall Street Journal, November 24, 2020
The Wall Street Journal, August 3, 2020
When the coronavirus brought the world economy to a halt in March, it fell to the U.S. Federal Reserve to keep the wheels of finance turning for businesses across America. And when funds stopped flowing to many banks and companies outside America’s borders—from Japanese lenders making bets on U.S. corporate debt to Singapore traders needing U.S. dollars to pay for imports—the U.S. central bank stepped in again.