Latest from Rachel Siegel

Two blocks from the Federal Reserve, a growing encampment of the homeless grips the economy’s most powerful person

Federal Reserve Chair Jerome H. Powell says the recovery is far from over. The bleak reality is made clear outside his window on his drive to work.
  • Apr 17, 2021

Fed’s Powell says reopening economy too quickly could cause new coronavirus spike

In a 60 Minutes interview, Jerome H. Powell said the pandemic still controls the fate of the recovery, and that many of the disparities that have worsened over the past year will take time to fully address.
  • Apr 11, 2021

Biden budget seeks to flip script on Trump administration’s spending priorities

White House wants more money for all the programs Trump had sought to slash.
  • Apr 9, 2021
  • Post Reports

Could the economy get … too good?

Why some prominent economists and Republican lawmakers are worried the economy might recover too quickly. And, what it’s like to be a teenager while lawmakers debate your right to exist.
  • Apr 6, 2021

What’s in Biden’s $2 trillion jobs and infrastructure plan?

The proposal, which includes a major focus on climate change, could lay the groundwork for Biden’s economic agenda.
  • Mar 31, 2021

The soft underbelly to a looming economic boom: Millions will miss out

The bleak reality is one of the major reasons the Federal Reserve isn’t worried about inflation.
  • Mar 30, 2021

Fed chair, treasury secretary’s message to Congress: Recovery has a long way to go

Their sunny forecast was paired with reminders that at least 9.5 million jobs are still missing from the labor force and that fully healing the economy depends on getting the pandemic under control.
  • Mar 23, 2021

Federal Reserve to allow covid-era regulatory flexibility for big banks to expire

The Fed will allow its temporary changes to the Supplementary Leverage Ratio to expire on March 31.
  • Mar 19, 2021

Federal Reserve’s attention to climate risk draws ire from Republicans

On Thursday, Senate Republicans told Fed Chair Jerome H. Powell that they were concerned the Fed might use its supervision of the banking system to “further environmental policy objectives."
  • Mar 18, 2021

U.S. jobless rate will fall to 4.5% this year, and inflation will rise temporarily, Federal Reserve projects

The Fed’s latest set of economic projections paints a much rosier picture compared with a few months ago.
  • Mar 17, 2021