interest rates

Economy

Fed’s Powell: High inflation poses a threat to job market

Warning that high inflation could make it harder to restore the job market to full health, Federal Reserve Chair Jerome Powell said Tuesday that the Fed will raise interest rates faster than it now plans if needed to stem surging prices. With America’s households squeezed by higher costs for food, gas, rent, autos and many

Financial

Opinion: Will the Fed Curb Inflation, or Will Politics Prevail? – Inside Sources

The Consumer Price Index (CPI) has been increasing at close to a 5 percent annual rate. The Federal Reserve just announced its plans to begin tapering its bond purchases—essentially scaling back an economic stimulus—later this month, but the market is not expecting it to aggressively fight inflation by raising interest rates until the middle of next year. Politics

Federal Reserve

Biden to keep Powell as Fed chair, Brainard gets vice chair

President Joe Biden said Monday he is nominating Jerome Powell for a second four-year term as Federal Reserve chair, endorsing his stewardship of the economy through a brutal pandemic recession in which the Fed’s ultra-low rate policies helped bolster confidence and revitalize the job market. Biden also said he would nominate as vice chair Lael

Opinion

Opinion: Want To Avoid Inflation? Let’s Build.

Any economic historian of the 20th century will understand the terrible impact inflation can have on an economy. Where it’s too high, it will destabilize consumer confidence, reducing spending in an economy. This means less growth, more unemployment, and higher poverty. Given the huge increases in the supply of money to help sustain the economy throughout the

Scroll to Top