Index / Section
The Fed
Rate decisions, the dot plot, the balance sheet and the fight over Fed independence. What the Federal Open Market Committee decided, and what the statement actually says.
5 filesLast filed 15 OCT
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28 OCTFOMC rate decision and statement
18 NOVMinutes of the October FOMC meeting
09 DECFOMC decision and new projections
The Fed’s balance sheet is growing, and it is turning into bills
The latest H.4.1 shows the Fed's holdings at $6.76 trillion, with Treasury bills up $370 billion in a year and mortgage bonds running off. What that means for Warsh's plans and for 7.40% mortgages.
Hike or hold on Oct. 28: the Warsh Fed’s harder second decision
September's rate increase was unanimous and widely expected. October's call is not: inflation hit 3.7% in September while payroll growth slowed to 29,000. Here is what the record says the committee will weigh.
After Trump v. Cook, the White House tries again with a hearing
The Supreme Court voided Lisa Cook's 2025 firing because she got no hearing. Now a White House committee will give her one on Nov. 5. What the ruling settled, what it left open, and what comes next.
Reading the dots: what the Fed’s 4.1% rate path does and doesn’t promise
The September projections imply one more hike this year and no cuts in 2027. An explainer on how the dot plot works, what moved since June, and why the median is not a commitment.
Basel rewritten: the Fed’s lighter capital rules are due by year-end
The stress test overhaul is final. Bowman says the Basel III rewrite and a lower GSIB surcharge will follow before the end of 2026. Here is what the March proposals would cut, and who objects.
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