WEATHER ALERT
1 day ago
Trump's attacks on Powell threaten the Fed's independence. Here's why it matters
Read full article: Trump's attacks on Powell threaten the Fed's independence. Here's why it mattersDonald Trump has stepped up his attacks on Federal Reserve Chair Jerome Powell at the same time that the Supreme Court is considering a case that could make it easier for the president to fire him.
Fed's Powell: Elevated inflation will likely delay rate cuts this year
Read full article: Fed's Powell: Elevated inflation will likely delay rate cuts this yearFederal Reserve Chair Jerome Powell cautioned that persistently elevated inflation will likely delay any Fed interest rate cuts until later this year, opening the door to a period of higher-for-longer rates.
A top Federal Reserve official opens door to keeping rates high for longer
Read full article: A top Federal Reserve official opens door to keeping rates high for longerFederal Reserve Vice Chair Philip Jefferson suggested that the central bank’s key rate may have to remain at its peak for a while to bring down persistently elevated inflation.
2 Federal Reserve officials say spike in bond yields may allow central bank to leave rates alone
Read full article: 2 Federal Reserve officials say spike in bond yields may allow central bank to leave rates aloneTwo Federal Reserve officials have suggested that the central bank may leave interest rates unchanged at its next meeting in three weeks.
Federal Reserve likely to skip interest rate hike at next meeting in June, officials signal
Read full article: Federal Reserve likely to skip interest rate hike at next meeting in June, officials signalLeading Federal Reserve officials are sending out stronger signals that they will forego an interest rate increase at the central bank’s next meeting in June.
Little progress has been made in curbing too high inflation, Fed's Jefferson says
Read full article: Little progress has been made in curbing too high inflation, Fed's Jefferson saysFederal Reserve governor Philip Jefferson says inflation remains too high and there has been “little progress” made toward bringing it down to the central bank’s 2% target.
Biden taps Philip Jefferson to be Fed's vice chair, Adriana Kugler as first Hispanic on Fed board
Read full article: Biden taps Philip Jefferson to be Fed's vice chair, Adriana Kugler as first Hispanic on Fed boardPresident Joe Biden has nominated Philip Jefferson, a member of the Federal Reserve’s Board of Governors, to serve as vice chair of the board.