Sep 16 Watch 6:54 Interest rate hike a 'reassuring' sign Fed is acting independently, economist says By Geoff Bennett, Courtney Norris The Federal Reserve raised interest rates by a quarter of a point, the first hike in three years. It comes as the war in Iran continues to put pressure on prices and is the first major move by Fed Chair… Continue watching
Sep 16 U.S. stocks slip after the Fed raises interest rates, hints more hikes may be on the way By Stan Choe, Associated Press U.S. stocks slipped Wednesday after the Federal Reserve hiked its main interest rate for the first time in three years and suggested more may be ahead as it tries to get the nation’s high inflation under control. Continue reading
Sep 16 What the Fed rate hike likely means for you By Paul Wiseman, Associated Press Bad news for borrowers, good news for savers. Continue reading
Sep 15 WATCH: Warsh says 'inflation is too high' after Fed raises interest rate 1st time in 3 years By Christopher Rugaber, Associated Press The quarter-point increase lifts the Fed’s key rate to about 3.9% and, over time, could result in higher borrowing costs for mortgages, auto loans, and credit cards. Continue reading
Sep 07 Trump keeps heralding an economic boom, but even a solid jobs report is causing problems for him By Josh Boak, Associated Press President Donald Trump has spent 20 months promising that America was on the cusp of an economic boom. But Friday's surprisingly positive jobs report ultimately provoked frustration from Trump. Continue reading
Sep 03 Fed governor Waller muddies outlook on possible rate hike later this month By Christopher Rugaber, Associated Press Federal Reserve governor Christopher Waller said Thursday that an inflation report next week will largely determine whether he supports an interest rate hike later this month or not. Continue reading
Aug 31 WATCH: Trump says Fed Chair Warsh will 'do what he has to do' on possible rate hikes By Associated Press Trump suggested he’s not necessarily opposed to Federal Reserve Chair Kevin Warsh raising interest rates because of inflationary pressures, but he said that he thinks interest rates are “too high.”… Continue reading
Aug 29 Warsh raises stakes for Fed's next meeting, and other takeaways from Jackson Hole conference By Christopher Rugaber, Associated Press Warsh's high-profile speech at the Fed's annual Jackson Hole economic conference was mostly praised afterward by economists and other Fed policymakers in attendance. Still, there was also some pushback and criticism during the first day of the conference. Continue reading
Aug 28 Watch 6:11 Fed Chair Warsh not ruling out interest rate hike amid inflation concerns By Amna Nawaz, Karina Cuevas, Amalia Huot-Marchand Federal Reserve Chair Kevin Warsh said there is still work to do on inflation. At the Fed’s annual economic symposium in Jackson Hole, Wyoming, Warsh also said that although he is not committed to a rate hike, he is not… Continue watching
Aug 28 WATCH: Fed Chair Warsh signals stubborn inflation may require rate hikes in Jackson Hole speech By Christopher Rugaber, Associated Press Federal Reserve Chair Kevin Warsh said Friday that inflation is still too high and suggested the central bank may have to raise interest rates in the coming months to bring it down, a clearer signal than he had sent previously… Continue reading