Economy Jul 12 U.S. wholesale inflation rose in June, sign that price pressures remain elevated By Paul Wiseman, Associated Press
Economy Mar 22 Watch 8:03 Fed raises interest rates again in wake of bank failures The Federal Reserve raised interest rates again against the backdrop of troubles in the banking industry. The hikes are being blamed by some for weakening banks, but Fed policymakers stuck to their stance that higher rates are essential to bringing… By Amna Nawaz, Shoshana Dubnow, Dorothy Hastings
Economy Jul 06 Federal Reserve signals further hikes in interest rates to ‘restrictive’ levels Federal Reserve officials were concerned at their meeting last month that consumers were starting to anticipate higher inflation, and they signaled that much higher interest rates could be needed to restrain it. By Christopher Rugaber, Associated Press
Economy Jan 12 Watch 8:46 Inflation surged at the fastest pace in 40 years. What will it mean for consumers? 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.
Economy Nov 22 Watch 6:30 A second Powell term will make economy run ‘hotter,’ expert says. Here’s what that means 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…
Sep 27 Boston Fed’s Eric Rosengren to retire early citing health reasons By Christopher Rugaber, Associated Press Rosengren's announcement also comes after investments by him and other Fed officials last year have raised questions about the Fed's ethics rules. Continue reading
Dec 16 WATCH: Fed chair Jerome Powell discusses economy By Christopher Rugaber, Martin Crutsinger, Associated Press 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. Continue reading
Aug 01 Fed chief struggles to manage a wild card: Trump trade wars 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. Continue reading
Nov 28 Powell says U.S. economy healthy and rate hikes aren’t automatic 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. Continue reading
Aug 17 Where White House touts a boom, most economists see a blip 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?… Continue reading