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
Jun 16 Watch 5:08 News Wrap: Federal Reserve projects rate increases in 2023 as economy recovers from COVID In our news wrap Wednesday, the Federal Reserve signaled it may raise a key, short-term interest rate — from near-zero — sooner than planned. The European Union called for lifting travel restrictions on Americans. North Korea's leader Kim Jong-un warned… Continue watching
Apr 14 Federal Reserve survey finds economy rebounding, helped by stimulus, vaccines By Martin Crutsinger, Associated Press The new survey released Wednesday showed that the Fed's business contacts around the country were expressing more optimism about the economy's outlook as activity accelerated. Continue reading
Apr 08 U.S. nears full reopening to ‘different economy,’ says Fed Chair Powell By Christopher Rugaber, Associated Press The U.S. economy, boosted by quickening vaccinations and signs of rapid hiring, is headed toward a strong recovery, Federal Reserve Chair Jerome Powell said Thursday. Continue reading
Mar 23 WATCH: Yellen, Powell say more needed to promote pandemic recovery By Martin Crutsinger, Associated Press The two officials struck upbeat notes on the future of the economy in their prepared testimony Tuesday before the House Financial Services Committee while cautioning that the economy still needs help. Continue reading
Mar 04 Chairman Powell says higher inflation is temporary, fed will be ‘patient’ By Christopher Rugaber, Associated Press Federal Reserve Chair Jerome Powell said Thursday that inflation will likely pick up in the coming months but the increase will be temporary, and won’t be enough for the Fed to alter its low-interest rate policies. Continue reading
Feb 24 Chairman Powell says Federal Reserve is in no hurry to raise interest rates By Martin Crutsinger, Associated Press Powell also warned Wednesday that many who had worked in industries hardest hit by the pandemic and ensuing recession will likely need to find different jobs. Continue reading