Going into the latest Fed meeting, bond markets were already predicting inflation would average 2.4% a year over the next five years, well above the Fed’s 2% target. After the meeting and Powell’s ...

There are concerns over the Fed’s independence. The Senate confirmed the rushed appointment of Stephen Miran, chairman of the White House Council of Economic Advisers, in a 48-47 vote in favor.

Senator Jack Reed of Rhode Island, the top Democrat on the committee that oversees the Pentagon, said that the Monday morning ...