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Colby Smith
6,820 posts
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Colby Smith
@colbyLsmith
@nytimes correspondent writing about the Federal Reserve and the US economy. Previously @FT, @TheEconomist, @BloombergTV. [email protected]
New York, NY
Joined February 2013
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  • user avatar
    Colby Smith
    @colbyLsmith
    Jan 21, 2025
    Thrilled to announce I’ve joined @nytimes to lead their coverage of the Federal Reserve and write about the US economy. Big thank you to @FT for a wonderful nearly 7 years. You can now reach me at [email protected]
    159K
  • user avatar
    Colby Smith
    @colbyLsmith
    Jun 22, 2022
    .@SenWarren to Powell: "You know what’s worse than high inflation and low unemployment? It’s high inflation and a recession with million of people out of work. I hope you will reconsider that before you drive this economy off a cliff"
    Jay Powell warns US recession is ‘certainly a possibility’
    From ft.com
  • user avatar
    Colby Smith
    @colbyLsmith
    Dec 3, 2024
    New @FT big read with @valentinaromei & Will Crofton on why America’s economy is soaring ahead of its rivals US labour productivity has grown by 30% since the 2008-09 financial crisis, more than three times the pace in the Eurozone and the UK and far outstripping that of other
    69K
  • user avatar
    Colby Smith
    @colbyLsmith
    Aug 2, 2021
    First day in a new role at the @FinancialTimes, covering all things US economy, Federal Reserve, IMF and World Bank. Get in touch: [email protected]
  • user avatar
    Colby Smith
    @colbyLsmith
    Nov 9, 2022
    "Democrats have defied history tonight," @BenLaBolt tells @JamesPoliti. "The story of Joe Biden’s political career is that people always count him out and he always defies expectation and these midterms are another example of that" ft.com/content/ddbe05… @FinancialTimes
  • user avatar
    Colby Smith
    @colbyLsmith
    Jun 17, 2021
    Nearly 70 market participants parked $756bn at the Fed via its reverse repurchase programme today, a $235bn increase from Wednesday ft.com/content/f0ec21… @FT
  • user avatar
    Colby Smith
    @colbyLsmith
    Apr 10, 2025
    “Rare, ugly and worrying”. That is how Krishna Guha, vice-chair at Evercore ISI, described the market moves today. In the last 30 yrs he said there are only four other times that the U.S dollar index depreciated more than 1.5% with the yield on 30-yr Treasuries up more than 10bps
    79K
  • user avatar
    Colby Smith
    @colbyLsmith
    Mar 31, 2022
    In an interview with @FinancialTimes, @GitaGopinath of @IMFNews says the sanctions imposed on Russia could lead to a more fragmented int'l monetary system w/ small currency blocs emerging based on trade btwn separate groups of countries ft.com/content/3e0760… @Jonthn_Wheatley
    Russia sanctions threaten to erode dominance of US dollar, says IMF
    From ft.com
  • user avatar
    Colby Smith
    @colbyLsmith
    Sep 27, 2022
    Speaking to reporters on Tuesday, Treasury secretary Janet Yellen said the US is "monitoring developments very closely” in the UK @JamesPoliti
    user avatar
    Colby Smith
    @colbyLsmith
    Sep 27, 2022
    Biting criticism from @IMFNews of the UK's fiscal plan comes as international criticism grows ft.com/content/069620… @FinancialTimes
  • user avatar
    Colby Smith
    @colbyLsmith
    Jun 6, 2025
    In Cincinnati, Beth Hammack of @ClevelandFed heard rising angst from businesses but no immediate plans for layoffs. She prefers to "wait and move quickly to play catch-up" on policy moves "I legitimately do not know which way this is going to break"
    For some business owners in the Over-the-Rhine neighborhood in Cincinnati, the on-again, off-again tariffs and government spending cuts are a huge source of anxiety.
    ‘Nobody Likes Chaos’: Businesses and the Fed Wonder What’s Next for the Economy (Published 2025)
    From nytimes.com
    161K
  • user avatar
    Colby Smith
    @colbyLsmith
    Oct 5, 2023
    Mary Daly of the SF Fed tells @lisaabramowicz1 that the recent surge in US Treasury yields is equivalent to roughly a rate hike, suggesting that if sustained, it could dim the need for another increase by the central bank
    68K
  • user avatar
    Colby Smith
    @colbyLsmith
    Mar 12, 2023
    Federal Reserve announces emergency lending facility "to help assure banks have the ability to meet the needs of all their depositors"
    217K
  • user avatar
    Colby Smith
    @colbyLsmith
    Jul 16, 2025
    Two people with knowledge of the matter said that a draft of a letter firing Powell was given to the president earlier in the week by William J. Pulte, the director of the Federal Housing Finance Agency @maggieNYT
    user avatar
    Colby Smith
    @colbyLsmith
    Jul 16, 2025
    Some advisers to and allies of Trump insist the president is trolling Powell and hoping to torment the Fed chair but won’t actually follow through with trying to fire him But the existence of a draft letter doing so suggests he is engaging in the type of moves that he often does
    166K
  • user avatar
    Colby Smith
    @colbyLsmith
    Mar 18, 2023
    APOLLO: Events this past week correspond to a 1.5% increase in the Fed funds rate. In other words, over the past week, monetary conditions have tightened to a degree where the risks of a sharper slowdown in the economy have increased.
    102K