Economy May 01 WATCH: Fed Chair Powell suggests taming inflation will take longer than expected The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its 2 percent target.
Economy Apr 26 One measure of inflation reinforces Federal Reserve’s reluctance to cut interest rates Friday's report from the government showed that prices rose 0.3 percent from February to March, the same as in the previous month.
Economy Apr 23 ‘Noncompete’ agreements would be barred for most employees under this new rule According to the FTC, 30 million people — roughly one in five workers — are now subject to such restrictions.
Politics Apr 16 Elevated inflation will likely delay interest rate cuts this year, warns Federal Reserve Chair Powell "Recent data have clearly not given us greater confidence" that inflation is coming fully under control and "instead indicate that it's likely to take longer than expected to achieve that confidence," Powell said during a panel discussion.
Economy Apr 10 Inflation remains raised largely due to high gas and rents The March figures, the third straight month of inflation readings well above the Fed's 2 percent target, threaten to torpedo the prospect of multiple interest rate cuts this year.
Economy Apr 06 Is the Fed going to cut interest rates? What was once a question of ‘when’ is now less certain When the Federal Reserve signaled last fall that it was likely done raising interest rates, many began wondering when it would start cutting rates. But with the U.S. economy showing surprising vigor, a different question has arisen: Will the central…
Politics Apr 03 Powell says the Federal Reserve still sees rate cuts this year; election timing won’t affect decision Federal Reserve officials will likely reduce their benchmark interest rate later this year, Chair Jerome Powell said, despite recent reports showing that the U.S. economy is still strong and that U.S. inflation picked up in January and February.
Politics Mar 20 WATCH: Federal Reserve’s Powell holds briefing after interest rate meeting as inflation slows In new quarterly projections they issued, the policymakers forecast that stronger growth and inflation above their 2 percent target level would persist into next year. As a result, they suggested that interest rates would have to stay slightly higher for…
Economy Mar 12 U.S. inflation ticks up in February, signaling ongoing price challenges The prices of some goods, from appliances to furniture to used cars, are actually falling after clogged supply chains during the pandemic had sent prices soaring higher.
Economy Mar 07 Federal Reserve regulatory proposal criticized by banks, NAACP will be revised by end of year The banks argue that the proposal would limit their ability to lend and would exceed what is necessary to match the global rules.