Dec 15 Fed will tighten credit faster and sees 3 rate hikes in 2022 amid inflationary pressure By Christopher Rugaber, Associated Press 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. Continue reading
Dec 15 WATCH: Jerome Powell says Federal Reserve will tighten credit amid inflation surge By Christopher Rugaber, Associated Press 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. Continue reading
Nov 22 WATCH: Biden to re-nominate Powell as Fed chair, Brainard gets vice chair By Christopher Rugaber, Associated Press 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… Continue reading
Oct 21 Federal Reserve imposes sweeping new limits on policymakers’ investments By Christopher Rugaber, Associated Press The Federal Reserve is imposing a sweeping new set of restrictions on the investments its officials can own, a response to questionable recent trades that forced two top Fed officials to resign. Continue reading
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
Sep 22 WATCH: Under pressure, Powell says Federal Reserve to revamp its trading rules By Christopher Rugaber, Associated Press The Federal Reserve is expected this week to send its clearest signal yet that it will start reining in its ultra-low-interest rate policies later this year, the first step toward unwinding the extraordinary support it’s given the economy since the… Continue reading
Sep 16 Federal Reserve reviews ethics policies after prolific trading uncovered By Christopher Rugaber, Associated Press The Federal Reserve is reviewing the ethics policies that cover the financial holdings of its senior officials in the wake of disclosures that two regional Fed presidents engaged in extensive trading last year. Continue reading
Aug 27 Fed on track to slow aid for economy later this year, says Powell By Christopher Rugaber, Associated Press The Federal Reserve will start dialing back its ultra-low-rate policies this year as long as hiring continues to improve, Chair Jerome Powell said Friday. Continue reading
Aug 12 Back-to-back price hikes, wholesale costs up 1 percent in July By Martin Crutsinger, Associated Press Over the past 12 months, prices at the wholesale level are up a record 7.8 percent, surpassing the old record of a 7.3 percent gain set for the 12 months ending in June. Continue reading
Jul 13 Watch 6:41 News Wrap: Consumer prices see 5.4% year on year rise, White House says surge temporary In our news wrap Tuesday, the Federal Reserve and White House said they expect a consumer price surge, up 5.4 percent, to be temporary. There's fresh evidence that COVID-19 infections in the U.S. are rising again, mostly among the unvaccinated. Continue watching