Federal Reserve Board Chairman Jerome Powell speaks to reporters after the Federal Reserve raised its target interest rate by three-quarters of a percentage point to stem a disruptive surge in
The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., U.S., June 14, 2022. REUTERS/Sarah Silbiger
FinTech Clip Money and Staples US Retail will add cash deposit tech to Staples’ retail locations, the companies announced. Find out how businesses benefit.
Philip Lowe says he is confident inflation can be brought back to 2-3% target range ‘but it’s going to take time’
Full coverage of the markets as the Federal Reserve begins its June meeting
If you want to understand the challenge of slowing inflation without damaging the labor market, picture a skateboard ramp.
The FDIC’s proposed climate-related risk management principles for banks are necessary to ensure the safety and soundness of the financial system.
The results are in after the closing of a public comment period related to the Federal Deposit Insurance Corp.’s review of its bank merger policies....
U.S. Treasury yields have surged to new multiyear highs, reflecting uncertainty over how high the Fed will have to raise interest rates to tame inflation.
If the U.S. Federal Reserve acts too aggressively, it could risk a recession and threaten the economy’s strength and the labor market’s momentum.
June 13 (Reuters) –
Recently, in a welcome glimmer of bipartisanship, the Senate Banking Committee voted to move three of President Biden’s financial regulatory nominees...
The Federal Reserve Board meets this week against the backdrop of a shock increase in inflation late on Friday, leaving chair Jerome Powell little choice but to raise rates for the third time this year.
The FOMC is expected to raise interest rates by half a percentage point on Wednesday. Plus, earnings and investor days from Oracle, Adobe, Kroger, New York Times, and NextEra.
Polly Cleveland Two new books address debt from opposite ends of the financial scale. In Part I, The Case for A Debt Jubilee in the United States, Richard Vague proposes a practical way to forgive ...
Democrat Janet Yellen is the current United States Secretary of the Treasury and former chair of the Federal Reserve. She is the first woman to hold both positions. The long-running public servant is an economist, public speaker, and former professor. As of 2022, Janet Yellen has a net worth of $20…
It is widely believed there is an unevenness in the way rating agencies treat the countries in the Euro zone versus elsewhere. A better governance structure and operating framework are needed to ensure that in situations when EMs are grappling with capital flow reversals, for no fault of theirs, the…
The Biden administration this month is making a “concerted effort” to improve their standing with voters on the economy.
June 11 (Reuters) –
To reduce inflation, demand for goods has to cool off. For that to occur, the Federal Reserve must raise interest rates.