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By Christopher Rugaber, Associated Press
The last time inflation rose 7 percent annually was back in 1982 and the latest consumer price report shows costs are continuing to spike. That is presenting real questions for the Federal Reserve, which is tasked with promoting stable prices.
President Joe Biden nominated Jay Powell for a second term as Federal Reserve chairman Monday. While U.S. job growth has been better than expected, inflation is at its highest in decades. Both are concerns Powell, and Lael Brainard as vice…
Rosengren's announcement also comes after investments by him and other Fed officials last year have raised questions about the Fed's ethics rules.
The Federal Reserve said it will keep buying government bonds until the economy makes "substantial" progress — a step intended to reassure financial markets and keep long-term borrowing rates low indefinitely.
By Christopher Rugaber, Martin Crutsinger, Associated Press
By Josh Boak, Associated Press
After the Federal Reserve cut interest rates Wednesday for the first time in a decade, Chairman Jerome Powell made a striking acknowledgement: In the Trump era, the Fed faces a steep learning curve.
By Martin Crutsinger, Associated Press
Federal Reserve Chairman Jerome Powell cast a bright picture of the U.S. economy Wednesday and appeared to suggest that the Fed might consider a pause in its interest rate hikes next year to assess the impact of its credit tightening.
By Josh Boak, Christopher Rugaber, Associated Press
Is the latest pickup in U.S. economic growth destined to slow in the years ahead as most analysts say? Or, as the Trump administration insists, is the economy on the cusp of an explosive boom that will reward Americans?…
By Benjamin M. Friedman
As the economy has returned to normal following the financial crisis and the unusually steep recession that it triggered, the Federal Reserve now represents its intended course as “normalizing” monetary policy. Harvard's Ben Friedman explains what the Fed means by…
Federal Reserve Chair Janet Yellen pointed Tuesday to a solid U.S. job market and economy and said the Fed will likely resume raising interest rates in the next few months.
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