(Reuters) – The U.S. economy will experience turbulence from the Federal Reserve’s efforts to bring down inflation running at more than three times above its goal but policymakers must stay…
ELTVILLE AM RHEIN, Germany – The Federal Reserve’s signal that it will likely raise interest rates by 50 bps at each of its next two meetings in June and July…
(Reuters) – The U.S. Federal Reserve can assess how much more it needs to do to bring inflation back down to its 2% goal when it has raised borrowing costs…
ELTVILLE AM RHEIN, Germany – The Federal Reserve’s efforts to tame inflation will at best still see declining economic growth and a small rise in the unemployment rate for a…
WASHINGTON -The U.S. Federal Reserve can stick to half point interest rate hikes for the next two to three meetings then assess how the economy and inflation are responding before…
By Howard Schneider WASHINGTON – With a war in Europe underway, a pandemic still locking down parts of the global economy and financial markets having turned sharply volatile, the U.S.…
By Dan Burns (Reuters) – The Federal Reserve on Wednesday said it will start culling assets from its $9 trillion balance sheet in June and will do so at nearly…
(Reuters) – Federal Reserve Chair Jerome Powell on Wednesday said central bank officials are not “actively” considering a rate hike of three-quarters of a percentage point at coming monetary policy…
PHILADELPHIA – United States Attorney Jennifer Arbittier Williams announced that Tarik Chambers, 20, and Nikeem Leach-Hilton, 22, both of Philadelphia, PA were charged by Indictment with conspiracy, three counts of…
(Reuters) – One of President Joe Biden’s key nominees to the Federal Reserve, Lael Brainard, is set to move a step closer to confirmation on Monday, with the possibility she…
(Reuters) – Cleveland Federal Reserve Bank President Loretta Mester on Friday pushed back against market expectations that the Fed will use outsized hikes to help bring down inflation, saying she…
(Reuters) – San Francisco Federal Reserve President Mary Daly on Wednesday said she believes the case for a half-percentage-point interest rate hike next month is “complete” and “solid,” with the…
(Reuters) – San Francisco Federal Reserve President Mary Daly on Wednesday said it’s unlikely inflation will fall to 2% this year, but she does expect it to start dropping and…
(Reuters) – The U.S. Federal Reserve should proceed sensibly in raising interest rates as it waits to see if special factors pushing up inflation begin to recede, Chicago Federal Reserve…
(Reuters) – San Francisco Federal Reserve President Mary Daly on Wednesday said she supports getting the U.S. central bank’s benchmark overnight interest rate up to about 2.5% by the end…
WASHINGTON – The potential for a global economic slowdown is reason for the Fed “to be cautious” as it raises interest rates in coming months, Atlanta Fed president Raphael Bostic…
By Dan Whitcomb (Reuters) – Federal prosecutors said on Monday they would not bring charges against the former Chicago police officer convicted in state court of killing Black teenager Laquan…
(Reuters) – U.S. inflation is “far too high,” St. Louis Federal Reserve Bank President James Bullard said on Monday as he repeated his case for increasing interest rates to 3.5%…
BAYVILLE, NJ – An Ocean County landscaping company has been ordered to pay 47 migrant workers a total of $181,670 in back wages after a judge ruled the company was…
By Pete Schroeder WASHINGTON – U.S. President Joe Biden on Friday said he would nominate former Treasury official Michael Barr to be the Federal Reserve’s Wall Street cop, replacing Sarah…
(Reuters) – Cleveland Federal Reserve Bank President Loretta Mester on Thursday pushed back against the idea that by raising interest rates the Fed is prioritizing its goal of achieving 2%…
(Reuters) – The U.S. Federal Reserve should quickly get interest rates up to a level where borrowing costs will no longer be stimulating the economy, and should raise them further…
WASHINGTON – Inflation will remain high this year and next even as the Fed moves steadily to lower the pace of price increases, Cleveland Fed president Loretta Mester said Sunday…
PHILADELPHIA – United States Attorney Jennifer Arbittier Williams, together with federal, state and local law enforcement officials, announced that six defendants were arrested and charged with federal carjacking and other…
(Reuters) – The U.S. Federal Reserve aims to tighten monetary policy in a methodical way that keeps the economic expansion intact, Philadelphia Federal Reserve President Patrick Harker said on Wednesday.…