Federal Reserve Chair Jerome Powell announced a new approach to monetary policy Thursday that takes a more relaxed stance on inflation and on its view of how low U.S. unemployment can go.
With the government pumping trillions of new spending into the economy, experts are questioning the Federal Reserve's ability to keep prices stable.
In the Fed's quest to bring inflation back to its 2% target, Gov. Brainard recommended pursuing a policy she called “flexible inflation averaging.”
As the economy strengthens, more banks are facing pressure to pay up for the best lenders and tech specialists.
