Consumer credit fell $10.3 billion, or 4.92 percent at an annual rate, to $2.5 trillion, according to a Federal Reserve report released today in Washington. Credit dropped by $5.38 billion in May, more than previously estimated. The series of declines is the longest since 1991. To be sure,...
Fed Notes is a digital video series that explores the U.S. Federal Reserve’s policies and how they impact economic growth.
Federal Reserve Chair Jerome Powell said regardless of the upcoming U.S. presidential election this year, the central bank continues to make its interest rate decisions independently — and that any way otherwise could result in negative consequences. "It's hard enough to get the economics right ...
In Brief: Fed Report: Business Lending Up.(Federal Reserve Board )(Brief Article)Coogan, Jennifer
WASHINGTON (AP) — The Federal Reserve reports that the economy faced a number of headwinds at the start of this month, ranging from supply chain disruptions and labor shortages to uncertainty about the delta variant of COVID. In its latest survey of business conditions around the nation, ...
Americans are bearing the financial burden of higher costs forevery type of loan, from mortgages to credit cards, after two years of interest rate hikes by the Federal Reserve. With the central bank meeting today, economists and consumers alike have one question on their minds: When will the...
WASHINGTON, March 20 (Xinhua) -- The U.S. Federal Reserve on Wednesday left interest rates unchanged at a 22-year high of 5.25 percent to 5.5 percent as recent consumer data indicates continued inflation pressures. The Federal Open Market Committee (FOMC), the Fed's policy-setting body, rei...
"Today's slightly worse than expected consumer price inflation numbers provide no reason for the Federal Reserve to change its present policy course of keeping interest rates on hold at their present level," Desmond Lachman, a senior fellow at the American Enterprise Institute, told Xinhua. ...
Federal Reserve Chairman Jerome Powell on Tuesday said he would prefer using monetary policy tools other than negative interest rates in the event of a downturn. President Donald Trump lashed out at Federal Reserve Chairman Jerome Powell on Tuesday as the central banking chief...
Federal Reserve officials will likely reduce their benchmark interest rate later this year, Chair Jerome Powell said, despite recent reports showing that the U.S. economy is still strong and that U.S. inflation picked up in January and February.