WASHINGTON-The Federal Reserve extended its year-long fight againsthigh inflationWednesday by raising its key interest rate a quarter-point despite concerns that higher borrowing rates could worsen the turmoil that has gripped the banking system. "The U.S. banking system is sound and resilient," t...
The U.S. economy has recovered enough to be weaned off a huge stimulus program. The Federal Reserve has spent trillions buying up assets to stimulate the economy in what’s known as quantitative easing. Ending the program is a sign of a healthier economy, but it brings its own dilemmas. ...
Federal Reserve policy and mortgage rates I’ve recently completed writing a research paper titledDaily Monetary Policy Shocks and the Delayed Response of New Home Sales. The paper develops some new measures of the delay between changes in Fed policy and the impact on the economy. In this, the...
Fed holds The Federal Reserve kept interest rates on hold and largely stuck to its path for interest-rate cuts to come later in the year, with policymakers undeterred by the recent pickup in inflation data. Chair Jerome Powell said prices pressures will continue to ease and it will likely b...