Economy Jul 26 How the Federal Reserve uses higher interest rates to tame inflation By William Brangham, Diane Lincoln Estes
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 Mar 10 U.S. economy adds 311,000 jobs in February despite Fed’s rate hikes America's employers added a substantial 311,000 jobs in February, fewer than January's huge gain but easily enough to keep pressure on the Federal Reserve to raise interest rates aggressively to fight inflation. By Chris Rugaber, Associated Press
Economy Feb 03 U.S. sees unexpected surge in hiring with 517,000 jobs added in January despite Fed hikes America's employers added a stunning 517,000 jobs in January, a surprisingly strong gain in the face of the Federal Reserve's aggressive drive to slow growth and tame inflation with higher interest rates. By Paul Wiseman, Associated Press
Economy Nov 02 WATCH: Federal Reserve Chair Jerome Powell faces questions after interest rate decision The Federal Reserve pumped up its benchmark interest rate Wednesday by three-quarters of a point for a fourth straight time to fight high inflation but also hinted that it could soon reduce the size of its rate hikes. By Christopher Rugaber, Associated Press
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
Sep 29 WATCH: Federal Reserve Chair defends Federal policies, says inflation may persist By Christopher Rugaber, Associated Press At a panel sponsored by the European Central Bank on Wednesday Powell said the Fed has avoided the mistake of underestimating the severity of pandemic's economic impact. But criticism of the Fed's policies has grown in recent months as inflation… Continue reading
Feb 23 Fed Chair Powell says recovery incomplete, higher inflation unlikely By Christopher Rugaber, Associated Press Federal Reserve Chair Jerome Powell underscored the U.S. economy's ongoing weakness Tuesday in remarks that suggested that the Fed sees no need to alter its ultra-low interest rate policies anytime soon. Continue reading
Mar 15 Fed takes emergency steps to slash rates and ease bank rules By Christopher Rugaber, Associated Press The Federal Reserve took emergency action Sunday and slashed its benchmark interest rate by a full percentage point to nearly zero and announced it would purchase more Treasury securities to encourage lending to try to offset the impact of the… Continue reading
Jul 31 Watch 5:32 Why Trump attacked his Fed chair after 1st interest rate cut in years The Federal Reserve cut a key short-term interest rate for the first time in a decade, lowering the federal funds rate a quarter point. It had raised that rate, which reflects what banks charge each other for loans, in December. Continue watching