Michael S. Derby
Wall Street Journal
New York, United States
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Past articles by Michael:
Fed’s Bostic Says More Strong Data Could Tip Fed Toward 75 Basis Point Rate Increase
Federal Reserve Bank of Atlanta President Raphael Bostic said the U.S. central bank still has some way to go on raising interest rates this year and cautioned it is too soon to say the inflation surge has peaked, although he noted there are some hopeful signs on that front. → Read More
Democratic Senators Press Fed to Add Teeth to New Central Bank Ethics Rules
A group of Democratic senators is pushing the Federal Reserve to strengthen new central bank ethics rules and add consequences for those who break them. → Read More
Two Fed Officials Endorse Another 0.75-Point Rate Increase
The central bank could debate whether to shift to more traditional quarter-point rate rises in November, Fed’s Christopher Waller says. → Read More
Fed’s Mester Says Supply Shocks Potentially Require Policy Response
The Cleveland Fed president says the central bank might no longer be able to ignore inflation sources that monetary policy can’t easily address. → Read More
Senators Press Fed Chair Jerome Powell on Reforms for Regional Fed Banks
Federal Reserve Chairman Jerome Powell is facing pressure from both Senate Democrats and Republicans over how chiefs of the 12 regional Fed banks and their board members are selected. → Read More
Fed’s Bullard Says He Expects Economic Expansion to Continue This Year
St. Louis Fed President James Bullard said the economy appears on track for more expansion this year, and that the central bank must meet market expectations for rate rises as part of its effort to rein in inflation. → Read More
New York Fed Model Sees High Probability of Hard Landing for Economy
The U.S. economy is very likely on a path to shrink this year and next, a Federal Reserve Bank of New York report said on Friday. → Read More
Former New York Fed Chief Dudley Expects 0.75-Point Rate Rise This Week
Aggressive rate rises from the Fed will increase unemployment, the former central banker says, though he doesn’t expect a near-term recession. → Read More
New Data Suggests Public Losing Confidence That Fed Will Lower Inflation
University of Michigan sentiment survey shows a jump in long-term inflation expectations. → Read More
Derby’s Take: Chicago Fed Chief Says Dot Plot Is Doing Big Work for Policy Outlook
The Federal Reserve’s frequently maligned interest rate projections, compiled in the so-called dot plot, have been doing particularly vital work for the central bank over recent months, a veteran Fed official said. → Read More
Some Fed Officials Face Heat for Wading Into Hot-Button Issues
Research or advocacy by regional Fed banks on education, inequality and climate-change issues has raised questions about the central bank’s reach. → Read More
Fed’s Patrick Harker Supports Half-Point Rate Rises in June and July
Philadelphia Fed leader Patrick Harker said he supports the central bank doing more big rate increases at its coming meetings as it seeks to lower inflation. → Read More
Fed’s Evans: Inflation Is Much Too High and Fed Must Act
Federal Reserve Bank of Chicago President Charles Evans said aggressive central bank rate rises are needed to get inflation back under control. → Read More
Fed’s Bullard Says Markets Have Priced in Central Bank Tightening
Federal Reserve Bank of St. Louis president says U.S. economic outlook looks solid. → Read More
Fed’s Powell to Take WSJ Questions on Inflation and Economic Outlook
Central bank officials have firmed up expectations for a series of half-point rate increases this spring and summer. → Read More
Fed’s Williams Says Bond Market Functioning Well in Uncertain Times
New York Fed chief reiterates the central bank is moving aggressively to lower inflation and he expects that inflation will moderate next year. → Read More
Loretta Mester Says Fed Is On Track for Aggressive Rate Rises
The Cleveland Fed president said the U.S. central bank needs to press forward with aggressive rate rises, and that by early fall it may be able to take stock of whether it can slow down or will need to speed up the process of removing support from the economy. → Read More
Derby’s Take: Fed Governor Explains Why Volcker Strategy Isn’t Needed Now
As aggressive as the path for U.S. monetary policy tightening appears right now, one Federal Reserve governor doesn’t believe the central bank faces a world as ugly as when it last confronted inflation this high. → Read More
Dallas Fed Names New York Fed Staffer Lorie Logan as President
Lorie Logan, who manages the New York Fed’s massive holdings of securities and cash, will be the new president and chief executive of the Federal Reserve Bank of Dallas. → Read More
Fed's Williams Says Lowering Inflation is Central Bank’s Main Mission
Federal Reserve Bank of New York president said he is ‘confident we have the right tools to achieve our goals.’ → Read More