May 18 As high inflation continues, split on strategy among Federal Reserve officials By Christopher Rugaber, Associated Press The stubbornness of high inflation is dividing the Federal Reserve over how to manage interest rates in the coming months, leaving the outlook for the Fed's policies cloudier than at any time since it unleashed a streak of 10 straight… Continue reading
May 03 Watch 5:17 Fed raises rates again but signals a future pause amid banking sector uncertainty By Amna Nawaz, Karina Cuevas The Federal Reserve raised interest rates again, its tenth consecutive hike, this time by a quarter of a point. But Chairman Jay Powell also suggested the Fed may pause future hikes if the economy continues to cool. He cited the… Continue watching
May 03 Fed raises interest rate again but hints it may pause due to bank turmoil By Christopher Rugaber, Associated Press The Federal Reserve reinforced its fight against high inflation Wednesday by raising its key interest rate by a quarter-point to the highest level in 16 years. Continue reading
May 03 WATCH: Federal Reserve Chair Jerome Powell speaks on latest interest rate hike By Christopher Rugaber, Associated Press The Fed's efforts have only partly succeeded in taming the worst inflation bout in four decades, and the surge in rates has contributed to the collapse of three large banks and turmoil in the banking industry. Continue reading
Apr 27 Federal Reserve Chair Jerome Powell was tricked by fake call from Russia pranksters By Christopher S. Rugaber, Associated Press Federal Reserve Chair Jerome Powell was tricked into an extended phone call in January with Russian pranksters posing as Ukrainian President Volodymyr Zelenskyy, during which Powell appeared to discuss the impact of interest rate hikes. Continue reading
Mar 22 WATCH: Federal Reserve Chair Powell gives update after raising interest rate amid banking turmoil By Christopher Rugaber, Associated Press The Federal Reserve is grappling with a hazier economic picture, clouded by turmoil in the banking industry and still-high inflation, just as it meets to decide whether to keep raising interest rates or declare a pause. Continue reading
Mar 14 U.S. inflation eases but stays high, putting the Federal Reserve in a tough spot By Christopher Rugaber, Associated Press U.S. consumer price increases eased slightly from January to February but still pointed to an elevated inflation rate that is posing a challenge for the Federal Reserve at a delicate moment for the financial system. Continue reading
Mar 14 Inflation eased in February but remains high, putting pressure on Fed By Christopher Rugaber, Associated Press U.S. consumer price increases eased slightly from January to February but still pointed to an elevated inflation rate that is posing a challenge for the Federal Reserve at a delicate moment for the financial system. Continue reading
Mar 10 U.S. economy adds 311,000 jobs in February despite Fed’s rate hikes By Chris Rugaber, Associated Press 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. Continue reading
Mar 08 Powell says ‘no decision’ on the Federal Reserve’s next move on interest rates By Christopher Rugaber, Associated Press Federal Reserve Chairman Jerome Powell stressed Wednesday that the central bank's policymakers have yet to decide how large an interest rate hike to impose at its next meeting in two weeks in its drive to defeat high inflation. Continue reading