Fed rate hikes won’t curb inflation if spending stays high, paper says
John C. Williams, president and chief executive officer of the Federal Reserve Bank of New York, Lael Brainard, vice chair of the Board of Governors of the Federal Reserve, and…
Powell warns of ‘some pain’ ahead as Fed fights to lower inflation
Federal Reserve Chairman Jerome Powell delivered a stern commitment Friday to halting inflation, warning that he expects the central bank to continue raising interest rates in a way that will…
Watch Federal Reserve Chair Jerome Powell speak live at Jackson Hole
Federal Reserve Chair Jerome Powell delivers a speech at the central bank’s annual economic symposium in Jackson Hole, Wyoming, on Friday at 10.a.m. ET. Market participants have eagerly awaited Powell’s
Jobless claims edge decrease as Fed appears to be like to chill exertions marketplace
A “We’re Hiring” signal is posted at a Target retailer on August 05, 2022 in San Rafael, California. Justin Sullivan | Getty Images Initial filings for unemployment advantages declined somewhat…
Fed mins July 2022:
Federal Reserve officers at their July assembly indicated they most probably would now not imagine pulling again on rate of interest hikes till inflation got here down considerably, in line…
Retail gross sales July 2022:
Shoppers depart a Nordstrom retailer on May 26, 2021 in Chicago, Illinois. Scott Olson | Getty Images Retail task used to be flat in July as falling gasoline costs held…
The Fed can have retired ‘transitory’ too quickly to explain inflation
Federal Reserve Board Chairman Jerome Powell arrives for a information convention following a two-day assembly of the Federal Open Market Committee (FOMC) in Washington, July 27, 2022. Elizabeth Frantz |…
Fed’s Barkin says fee will increase wish to proceed till inflation holds at 2%
Despite certain inflation information this week, Richmond Federal Reserve President Thomas Barkin stated Friday that extra rate of interest will increase shall be had to tamp down value pressures. Releases…
Watch Treasury Secretary Janet Yellen communicate are living in regards to the state of the U.S. economic system
Treasury Secretary Janet Yellen speaks Thursday at a information convention at the state of the U.S. economic system. Yellen’s feedback practice information that the U.S. economic system shrunk for the
Yellen says the financial system isn’t in a recession regardless of GDP stoop
Treasury Secretary Janet Yellen mentioned Thursday the U.S. financial system is in a state of transition, now not recession, regardless of two consecutive quarters of damaging expansion. Recession, Yellen insisted,…