Steve Matthews

Stay informed with Steve Matthews’s coverage and analysis for Fortune.

  • Jeffrey SchmidFinance

    Fed official says no rate cuts yet, inflation still above target

    By Steve Matthews and Bloomberg
  • Fed Chair Jerome Powell frownsFinance

    The Fed’s first rate cut may come right in the thick of the presidential campaign

    By Steve Matthews, Dana Morgan, and others
  • Jerome Powell, chairman of the US Federal Reserve, speaks during the 24th Jacques Polak Annual Research Conference in Washington, DC, US, on Thursday, Nov. 9, 2023 Powell said the US central bank will continue to move carefully but won’t hesitate to tighten policy further if appropriate. Photographer: Ting Shen/Bloomberg via Getty ImagesFinance

    Jerome Powell dispels Wall Street’s dream of near-term interest rate cuts by arguing it would be ‘premature’ while leaving the door open to more rate hikes

    By Steve Matthews and Bloomberg
  • Austan Goolsbee, president and chief executive officer of the Federal Reserve Bank of Chicago, during a Bloomberg Television interview at the Jackson Hole economic symposium in Moran, Wyoming, US, on Friday, Aug. 25, 2023. Federal Reserve Chair Jerome Powell said the US central bank is prepared to raise interest rates further if needed and intends to keep borrowing costs high until inflation is on a convincing path toward the Fed’s 2% target. Photographer: David Paul Morris/Bloomberg via Getty ImagesFinance

    Fed officials applaud report of slowing inflation as ‘real progress’ while cautious about its impact on interest rates: ‘We still have a way to go’

    By Catarina Saraiva, Steve Matthews, and others
  • Raphael Bostic, president and chief executive officer of the Federal Reserve Bank of Atlanta, speaks during a Bloomberg Television interview at the Jackson Hole economic symposium in Moran, Wyoming, US, on Friday, Aug. 26, 2022. Federal Reserve officials stressed the need to keep raising interest rates even as they reserved judgment on how big they should go at their meeting next month. Photographer: David Paul Morris/Bloomberg via Getty ImagesFinance

    Fed’s Raphael Bostic says rate hikes are no longer needed to fight inflation as employment gains slow

    By Steve Matthews, Catarina Saraiva, and others
  • Austan Goolsbee, former chair of the council of economic advisors under U.S. President Barack Obama, speaks during the American Economic Association (AEA) annual conference in Chicago, Illinois, U.S., on Friday, Jan. 6, 2017. The conference brings together economists from around the world to discuss economic topics across many disciplines. Photographer: Daniel Acker/Bloomberg via Getty ImagesFinance

    U.S. on ‘golden path’ to beat inflation without a recession, says Fed’s Austan Goolsbee

    By Steve Matthews and Bloomberg
  • Christopher WallerEnvironment

    Federal Reserve official says climate change isn’t a serious financial risk

    By Steve Matthews, Eric Roston, and others
  • James Bullard, president and chief executive officer of the Federal Reserve Bank of St. Louis, reacts at the 2019 Monetary and Financial Policy Conference at Bloomberg’s European headquarters in London, U.K., on Tuesday, Oct. 15, 2019. Bullard said U.S. policy makers are facing too-low rates of inflation and the risk of a greater-than-expected slowdown, suggesting hed favor an additional interest rate cut as insurance. Photographer: Luke MacGregor/Bloomberg via Getty ImagesFinance

    A Fed bank president is optimistic about the economy and says we could likely get inflation down while avoiding a recession

    By Steve Matthews and Bloomberg
  • WASHINGTON, DC – MARCH 22: Chairman of the US Federal Reserve Jerome Powell speaks during a news conference following a Federal Open Market Committee (FOMC) meeting on March 22, 2023 in Washington, DC. (Photo by Chen Mengtong/China News Service/VCG via Getty Images)Finance

    Jerome Powell faces Fed dissent as many see a recession ahead and inflation remains too high

    By Steve Matthews, Rich Miller, and others
  • Raphael Bostic, president and chief executive officer of the Federal Reserve Bank of AtlantaFinance

    The Atlanta Fed chair just said what everyone else is thinking: A really strong jobs report could mean bigger interest rate hikes

    By Steve Matthews and Bloomberg
  • Raphael Bostic, president and chief executive officer of the Federal Reserve Bank of Atlanta, speaks during a panel discussion at the Association for Public Policy Analysis & Management (APPAM) Fall Research conference in Chicago, Illinois, U.S., on Thursday, Nov. 2, 2017. The conference focuses on the importance of data and measurement, and celebrates the government staff who work to improve the measures we use every day. Photographer: Christopher Dilts/Bloomberg via Getty ImagesFinance

    2 Fed bosses says interest rates will go above 5%—but when and by how much remains a mystery

    By Catarina Saraiva, Steve Matthews, and others
  • WASHINGTON, DC – NOVEMBER 30: Chair of the U.S. Federal Reserve Jerome Powell speaks at the Brookings Institution, November 30, 2022 in Washington, DC. Powell discussed the economic outlook, inflation and the labor market. (Photo by Drew Angerer/Getty Images)Finance

    Fed Chair Jerome Powell pours cold water on idea that interest rate hikes are over: ‘We still have some ways to go’

    By Steve Matthews and Bloomberg
  • WASHINGTON, DC – NOVEMBER 30: Chair of the U.S. Federal Reserve Jerome Powell speaks at the Brookings Institution, November 30, 2022 in Washington, DC. Powell discussed the economic outlook, inflation and the labor market. (Photo by Drew Angerer/Getty Images)Finance

    Fed hikes rates another half point and signals more increases to come in its war against high inflation

    By Steve Matthews and Bloomberg
  • Fed chair Jerome PowellFinance

    Fed could raise interest rates to higher-than-expected peak after latest jobs report—and looks willing to cause a recession to beat inflation

    By Steve Matthews and Bloomberg
  • Raphael Bostic, president and chief executive officer of the Federal Reserve Bank of Atlanta, speaks during a Bloomberg Television interview at the Jackson Hole economic symposium in Moran, Wyoming, US, on Friday, Aug. 26, 2022. Federal Reserve officials stressed the need to keep raising interest rates even as they reserved judgment on how big they should go at their meeting next month. Photographer: David Paul Morris/Bloomberg via Getty ImagesFinance

    Fed raising rates until 2% inflation reached ‘would guarantee an overshoot and a deep recession,’ warns Bostic

    By Steve Matthews and Bloomberg