What is the Fed?

The Federal Reserve (the Fed) is the central bank of the United States, responsible for monetary policy.

• Apr 2026 - Jack Farley noted that the Fed meeting had the most dissents since 1992.
• Apr 2026 - Jack Farley said there is no path to the Fed cutting rates in 2026 without a crisis.
• May 2026 - Jim Bianco reported that market pricing shifted from expecting 2.5 rate cuts to a 50/50 chance of a rate hike in 70 days during the war.
• May 2026 - James Lavish said inflation the Fed is worried about will hit a wall in the labor market.
• Jun 2026 - Michael Howell stated the Fed has been generous into markets, but money is being drawn out due to a strong US economy.
• Jun 2026 - Michael Howell argued the Fed needs to tighten quickly to preempt a bigger inflation problem, but expects it won’t.