By Howard Schneider WASHINGTON – U.S. Federal Reserve officials on Wednesday will release more details on what’s evolving as a three-year plan to trim several trillion dollars from the stash…
(Reuters) – Interest rate hikes aimed at bringing down too-high inflation will slow economic growth but will not tip the U.S. economy into recession, San Francisco Federal Reserve Bank President…
By Ann Saphir (Reuters) – Chicago Federal Reserve President Charles Evans on Friday repeated his view that the U.S. central bank will likely need to make seven quarter-of-a-percentage-point interest rate…
WASHINGTON – Kansas City Fed president Esther George said she estimates a neutral rate of interest for the U.S. at about 2.5% “as a starting point” of what the Fed…
(Reuters) – The brief inversion of the U.S. bond yield curve on Tuesday is a cautionary sign for the Federal Reserve that may need to be factored into coming debates…
NEWARK, NJ – The Department of Justice is creating a criminal civil rights division in New Jersey, the first in the nation to ensure civil rights violations are prosecuted and…
– U.S. Federal Reserve Governor Christopher Waller said on Friday he is not convinced of the need for a central bank digital currency, particularly for retail customers who already have…
By Ann Saphir – Cleveland Federal Reserve Bank President Loretta Mester on Tuesday said she would like to raise interest rates to about 2.5% by year end, with bigger rate…
– A form of digital currency that is designed to have a stable price and is generally linked to a mainstream currency or something such as gold could prove beneficial…
By Howard Schneider BALTIMORE – The rate increases projected by Federal Reserve officials this week represented a “balancing act” between the need to begin normalizing monetary policy in the face…
WASHINGTON – Federal Reserve Governor Chris Waller said economic risks around the war in Ukraine led him to vote in favor of a quarter percentage point rate increase at the…
NEW YORK, NY – The secret police of the People’s Republic of China have had gents operating in the United States, targeting Chinese nationals and American citizens, the Department of…
EDISON, NJ – An Edison man has admitted to scamming the U.S. Government out of $1.6 million in COVID-19 relief funds, according to the U.S. Department of Justice, The DOJ…
By Jonnelle Marte – The Federal Reserve raised short-term interest rates on Wednesday by a quarter of a percentage point and signaled that it plans to lift them further in…
By Howard Schneider WASHINGTON – New economic projections from the Federal Reserve this week will show how far and how fast policymakers see interest rates rising this year, in a…
By Karen Brettell – With the Federal Reserve almost certain to hike interest rates this week for the first time in more than three years, investors will be focused on…
By Howard Schneider – It was just a hint of something good on the horizon, Richmond Federal Reserve President Thomas Barkin said this week, but in his recent conversations with…
By Jonnelle Marte – Russia’s invasion of Ukraine adds uncertainty to the U.S. economic outlook and may boost near-term inflation, but household savings and strong economic growth should help limit…
By Jonnelle Marte – The Federal Reserve’s nearly $9 trillion balance sheet has more room to decline than it did the last time the central bank shrank its holdings and…
PHILADELPHIA, PA – Pharmacy workers at a Northeast Philadelphia pharmacy have been charged for illegally dispensing opioids to individuals who should not have been sold the medication. According to United…
CAMDEN, N.J. – A Philadelphia man has been charged for falsely filing immigration documents and identity theft against victims who thought he was an immigration attorney. The federal government alleges…
COLONIAL HEIGHTS, Va. – If the conflict in Ukraine leads to sustained high oil prices it could hit U.S. consumer spending and pose a possible risk to U.S. economic growth,…
By Jonnelle Marte – The conflict unfolding in Ukraine could have an effect on the U.S. economy in the medium term and should be factored in as Federal Reserve policymakers…
– The Federal Reserve should reduce its balance sheet earlier in the policy tightening cycle and more rapidly than the last time it did so, San Francisco Federal Reserve Bank…
WASHINGTON – The Russian invasion of Ukraine probably won’t change the “underyling logic” behind the Federal Reserve’s plans to raise interest rates, but the impact on global markets and commodity…