Economy Mar 10 U.S. economy adds 311,000 jobs in February despite Fed’s rate hikes America's employers added a substantial 311,000 jobs in February, fewer than January's huge gain but easily enough to keep pressure on the Federal Reserve to raise interest rates aggressively to fight inflation.
Economy Feb 01 WATCH: Federal Reserve Chair Jerome Powell gives update after small rate hike The Federal Reserve extended its fight against high inflation Wednesday by raising its key interest rate a quarter-point, its eighth hike since March.
Economy Aug 26 Federal Reserve’s inflation fight could bring ‘pain’ and job losses warns Powell Federal Reserve Chair Jerome Powell delivered a stark message Friday: The Fed is determined to fight inflation with more sharp interest rate hikes, which will likely cause pain for Americans in the form of a weaker economy and job losses.
Economy Jul 08 U.S. employers added 372,000 jobs in June, with unemployment at 50-year low America's employers shrugged off high inflation and weakening growth to add 372,000 jobs in June, a surprisingly strong gain that will likely spur the Federal Reserve to keep sharply raising interest rates to cool the economy and slow price increases.
Economy Jun 22 WATCH: Fed chair Powell says rate hikes will be decided ‘meeting by meeting’ Federal Reserve Chair Jerome Powell underscored the Fed's determination to raise interest rates high enough to slow inflation, a commitment that has fanned concerns that the central bank's fight against surging prices could tip the economy into recession.
Economy Jun 15 Federal Reserve attacks inflation with its largest rate hike since 1994 The Federal Reserve intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades — and signaling more large rate increases to come that would…
Politics Dec 01 WATCH: Fed Chair Jerome Powell ‘not at all sure’ inflation will fade next year In a fresh sign of his growing concerns about inflation, Chair Jerome Powell said Wednesday that the Federal Reserve can't be sure that price increases will slow in the second half of next year as many economists expect.
Economy Sep 27 WATCH: Secretary Yellen, Chairman Powell testify on pandemic recovery Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell are expected to testify at a hearing on Tuesday on the state of the nation's pandemic recovery.
Politics Mar 24 WATCH: Senate small business committee holds hearing on COVID-19 relief programs The Biden administration is considering a bump in the corporate tax rate to 28 percent, up from the current 21 percent, after the Trump administration cut it from 35 percent. Tax increases on higher-income Americans are also being considered.
Economy Dec 24 America’s jobless meet a bleak holiday season Millions of Americans have been jobless since the viral pandemic ripped through the U.S. economy in March, triggering a deep recession and causing widespread unemployment.