"Do black lives matter to the Fed?" I've been a major critic of the Fed, but the problem is the Fed's policies, not its motives. It cares a lot about those with lower incomes or no jobs. The Fed's progressive...
Rates The losses from the L.A. fires are expected to cause property insurance carriers to raise rates, reduce coverage options, or both, in California and other at-risk areas, according to S&P. This could be made worse in the “likely event that the California FAIR Plan falls short of fu...
Chicago Booth professor of economics and former Fed governor Randall Kroszner weighs in on Federal Reserve chair Jerome Powell's intentions to raise interest rates; Revere Securities' Scott Fullman shares his stock picks. Warning that high inflation could make it harder to restore the job market ...
Democratic lawmakers in both chambers of Congress on Thursday are pushing for legislation that would grant federal workers an average 3.2% pay raise in 2022. Rep. Gerry Connolly, D-Va., and Sen. Brian Schatz, D-Hawaii, introduced theFederal Adjustment of Income Rates Acton Thursday. The bill...
Federal Reserve Bank of Cleveland President Loretta Mester said on Wednesday that policymakers need to raise interest rates into restrictive territory to cool inflation.
It looks increasingly unlikely that rates will come down anytime soon. On Wednesday, the Fed signaled that it will raise its rate as high as roughly 5.1% early next year — and keep it there for the rest of 2023. AP Business Writers Christopher Rugaber in Washington, Tom Krisher in Detr...
The Fed chair added that with the economy healthy and unemployment low, “we think we can and should be careful” in deciding when to cut the central bank’s benchmark rate. Powell also underscored that the Fed’s policymakers believe they are done raising r...
For weeks, Powell has portrayed the Fed's drive to raise interest rates as consistent with a so-called “soft landing” for the economy. Under that scenario, the Fed would manage to tighten borrowing costs enough to cool the economy and curb inflation without going so far as to ...
economy on Monday, warning that Fed watchers shouldn't overreact to last week's disappointing jobs report. Speaking at an event in Philadelphia, Yellen insisted that the Fed needs to raise rates, but she stepped back from putting a time frame. Still, the Fed funds rate probably needs to ...
The Federal Reserve may raise rates up to around the 3% mark this business cycle, but I believe it would be a mistake.