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Hill Leaders

Axios Hill Leaders

Federal Reserve Chairman Jay Powell holds his final news conference of the year Wednesday — and Congress may get an earful.

What we’re hearing: Powell is likely to plead with Congress to pass more fiscal support for an economy riven by a global pandemic, and to suggest there are limits to what the Fed can do with monetary policy.

Reader tip: Play around with the Atlantic Council's new interactive feature, and compare the Fed's balance sheet (33% of GDP) to the Bank of Japan's (129% of GDP) to see how other central banks have responded to the challenges wrought by the coronavirus. 

The Fed's last word on 2020

Jerome Powell is likely to plead with Congress to pass more fiscal support for an economy riven by COVID.

Politics

Federal Reserve

Business

Federal Reserve Chairman Jay Powell holds his final news conference of the year Wednesday — and Congress may get an earful.What we’re hearing: Powell is likely to plead with Congress to pass more fiscal support for an economy riven by a global pandemic, and to suggest there are limits to what the Fed can do with monetary policy.

2024 will be an election year like no other, as President Biden seeks re-election amid economic uncertainty, two wars and questions about his age. His likely foe, former President Trump, faces felony charges and vows revenge on his political enemies. Meanwhile, Americans generally are dissatisfied with those choices and are divided over immigration, race, education and more.

Politics & Policy

Top stories & latest news on the Federal Reserve, real-time data, plus the biggest shifts happening in the U.S. and global economy.

Economy

After a record economic expansion, the coronavirus pandemic sent the U.S. economy into a recession as unemployment soared to staggering heights. The country now faces urgent questions about how much stimulus is needed for reeling consumers and businesses, and what a recovery might look like.

Economy & Business

The Fed's last word on 2020

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