Politics May 31 WATCH: Biden meets with Federal Reserve Chair Powell amid inflation worries Biden hoped the meeting on Tuesday would demonstrate his concern to voters, though he insisted anew the White House will not interfere with the independent central bank's work.
Nation May 27 Key measure of inflation slows for the first time in months, offering hope that high prices may start to fall While high inflation is still causing hardships for millions of households, any slowing of price increases, if it can be sustained, will provide some modest relief.
Economy May 25 Fed officials signal rates may head to ‘restrictive’ levels to stabilize economy Federal Reserve officials agreed when they met earlier this month that they might have to raise interest rates to levels that would weaken the economy as part of their drive to curb inflation, which has reached a four-decade high.
Politics May 12 Senate confirms Jerome Powell for second term as Fed Chair The Senate on Thursday confirmed Jerome Powell for a second four-year term as Federal Reserve chair, giving bipartisan backing to Powell's high-stakes efforts to curb the highest inflation in four decades.
Economy May 11 U.S. prices see smallest rise in eight months, spurring hopes that inflation may be peaking Inflation slowed in April after months of relentless gains, a tentative sign that price increases may be peaking while still imposing a financial strain on American households.
Economy May 04 How higher Federal Reserve rates stand to affect Americans’ finances Economists foresee the fastest pace of rate increases since 1989. The result could be much higher borrowing costs for households well into the future as the Fed fights the most painfully high inflation in four decades.
Economy May 04 Federal Reserve raises key rate by a half-point in bid to tame inflation The Federal Reserve intensified its drive to curb the worst inflation in 40 years by raising its benchmark short-term interest rate by an sizable half-percentage point.
Politics May 04 WATCH: Federal Reserve Chair Jerome Powell gives update as Fed announces interest rate hike The Fed also announced that it will start reducing its huge $9 trillion balance sheet, made up mainly of Treasury and mortgage bonds. Reducing those holdings will have the effect of further raising loan costs throughout the economy.
Economy May 02 Federal Reserve poised to fight inflation with fastest rate hikes in decades The Federal Reserve is poised this week to accelerate its most drastic steps in three decades to attack inflation by making it costlier to borrow, which will compound Americans' financial strains and likely weaken the economy.
Politics Apr 29 Biden, Mexican president discuss migration, other issues President Joe Biden discussed efforts to address the unprecedented flow of migration along the U.S. southern border in a Friday afternoon call with Mexican President Andrés Manuel López Obrador.