The raises -- an additional $10,000 a year -- were set to go into effect because a pay freeze for top federal officials, including Vice President Mike Pence and cabinet secretaries, was reportedly due to expire Saturday, January 5. The 115th Congress had included an extension of the pay ...
Charles Babington
Richard Rahn has a column in the Washington Times that raises questions about the Fed’s role in a modern economy. Is there a need for the Fed? …The Fed has an extensive history of policy mistakes, (too long to even summarize here). The problem has been the assumption that the Fed ...
Jan. 10, 2025, 11:31 PM UTC(AP)Stock market today: Wall Street recoils after good news on the economy raises inflation worriesShow More Federal Reserve System, central banking authority of the United States. It acts as a fiscal agent for the U.S. government, is custodian of the reserve...
Raising the rate: Conversely, when the Fed wants to cool down an overheating economy or combat inflation, it raises the target rate, making borrowing more expensive and encouraging saving. Holding steady: In periods of economic stability, the Fed may choose to keep the rate unchanged for extende...
mortgage rates are an important channel through which changes in the Fed’s monetary policy affect consumer balance sheets and spending. This is most easily seen when the Fed adjusts the federal funds rate, which bankers and lenders use to set mortgage rates. If the Fed raises the federal fun...
At the same time, Powell said the job market remains strong, which means businesses have to raise pay to keep workers — raises that are often passed on to consumers in the form of higher prices. This week, the government reported that companies posted more job openings in September than in...
Bush's Job-Training Plan Raises Host of Questions The article reports on the plan of U.S. President George Bush to grant local private industry councils supervision and administrative powers over federal vocational education and job–training programs. The plan is part of a White House ... L ...
The Federal Reserve raises and lowers rates in response to fluctuating economic conditions. Typically, the Fed prefers to make gradual rate changes to minimize any ripple effects. However, major economic shocks from events such as the pandemic or soaring inflation can spur the Fed to act more agg...
The Federal Reserve raises and lowers rates in response to fluctuating economic conditions. Typically, the Fed prefers to make gradual rate changes to minimize any ripple effects. However, major economic shocks from events such as the pandemic or soaring inflation can spur the Fed to act more agg...