Politics Jan 11 WATCH: Federal Reserve chair Jerome Powell says inflation poses a major threat to job market Federal officials have forecast three increases in the their benchmark short-term rate this year, though some economists say they envision four rate hikes in 2022.
Economy Dec 15 Fed will tighten credit faster and sees 3 rate hikes in 2022 amid inflationary pressure In an abrupt policy shift, the Fed announced Wednesday that it will shrink its monthly bond purchases at twice the pace it previously announced, likely ending them altogether in March.
Economy Dec 15 WATCH: Jerome Powell says Federal Reserve will tighten credit amid inflation surge With inflation surging and unemployment falling, the Federal Reserve said Wednesday that it will shrink its support for the economy more quickly and expects to raise interest rates three times next year.
Economy Dec 09 Americans are focused on inflation as incomes go up, AP-NORC poll finds Americans' overall income has accelerated since the pandemic, but so has inflation — and a new poll finds that far more people are noticing the higher prices than the pay gains.
Economy Dec 03 U.S. employers added a sluggish 210,000 jobs in November Overall, the November jobs figures point to an economic recovery that looks resilient though under threat from a spike in inflation, shortages of workers and supplies and the potential impact of the omicron variant of the coronavirus.
Economy Nov 30 WATCH: Treasury Secretary Janet Yellen, Fed Chair Jerome Powell testify before Senate committee Chair Jerome Powell says the Federal Reserve will consider acting more quickly to dial back its ultra-low-interest rate policies to counter higher inflation, which Powell acknowledged will likely persist well into next year.
Economy Nov 22 WATCH: Biden to re-nominate Powell as Fed chair, Brainard gets vice chair President Joe Biden announced he's nominating Jerome Powell for a second term as Federal Reserve chair, endorsing Powell's stewardship of the economy through a brutal pandemic recession in which the Fed's ultra-low rate policies helped bolster confidence and revitalize the…
Economy Nov 12 For 2nd straight month, Americans quit jobs at a record pace Americans quit their jobs at a record pace for the second straight month in September, while businesses and other employers continued to post a near-record number of available jobs.
Economy Nov 10 U.S. consumer prices spiked 6.2 percent in past year, highest inflation rate since 1990 Driving the price spikes are persistent supply shortages resulting from robust consumer demand and COVID-related factory shutdowns coming out of the pandemic recession.
Economy Nov 05 WATCH: Biden touts October growth of 531,000 jobs The economy’s emergence from the pandemic, by most measures, remains on course.