Economy May 03 WATCH: Federal Reserve Chair Jerome Powell speaks on latest interest rate hike The Fed's efforts have only partly succeeded in taming the worst inflation bout in four decades, and the surge in rates has contributed to the collapse of three large banks and turmoil in the banking industry.
Economy Apr 28 Fed faults Silicon Valley Bank executives, itself in bank failure Silicon Valley Bank failed due to a combination of extremely poor bank management, weakened regulations and lax government supervision, the Federal Reserve says in a highly-anticipated review of how the central bank failed to properly supervise the bank before it…
Economy Apr 14 Top Fed official sees need for more interest rate increases A senior Federal Reserve official said Friday that there has been little progress on inflation for more than a year and that more interest rate hikes are needed to get prices under control.
Economy Apr 12 Inflation eased in March but core prices remain stubbornly high U.S. consumer inflation eased in March, with less expensive gas and food providing some relief to households that have struggled under the weight of surging prices for nearly two years.
Economy Mar 28 Federal Reserve considering stronger bank rules after SVB failure, official says The Federal Reserve’s bank supervisors informed Silicon Valley Bank’s management as early as the fall of 2021 of risks stemming from its unusual business model, a top Fed official said, but the bank’s managers failed to take the steps necessary…
Politics Mar 28 WATCH: Senate panel holds hearing on recent bank failures and the federal response The Federal Reserve’s bank supervisors warned Silicon Valley Bank’s management as early as the fall of 2021 of risks stemming from its unusual business model, a top Fed official said Tuesday, but its managers failed to take the steps necessary…
Economy Mar 22 WATCH: Federal Reserve Chair Powell gives update after raising interest rate amid banking turmoil The Federal Reserve is grappling with a hazier economic picture, clouded by turmoil in the banking industry and still-high inflation, just as it meets to decide whether to keep raising interest rates or declare a pause.
Economy Mar 17 Will Americans end up paying for bank failures? The government's response to the failure of two large banks has already involved hundreds of billions of dollars. So will ordinary Americans end up paying for it, one way or another? And what will the price tag be?…
Economy Mar 16 Federal Reserve lent $300 billion in emergency funds to banks in the past week Nearly half the money — $143 billion — went to holding companies for the two major banks that failed over the past week, Silicon Valley Bank and Signature Bank, triggering widespread alarm in financial markets.
Economy Mar 14 U.S. inflation eases but stays high, putting the Federal Reserve in a tough spot U.S. consumer price increases eased slightly from January to February but still pointed to an elevated inflation rate that is posing a challenge for the Federal Reserve at a delicate moment for the financial system.