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Federal Reserve Chair Jerome Powell said the Fed will raise interest rates faster than it now plans if needed to stem surging prices.
Read More »Fed’s Powell: High inflation poses a threat to job market
Fed chair: Pandemic has particularly hurt women; board member stepping down
Federal Reserve Chair Jerome Powell expressed concern that the pandemic recession has had an unusually harmful economic effect on women.
Tagged with: fed federal reserve Recession women
Read More »Fed to begin slowing economic aid in coming weeks
The Federal Reserve will soon begin dialing back the extraordinary economic aid it's provided since the pandemic erupted last year.
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Read More »Fed to start reining in economic aid as inflation risk rises
With inflation at its highest point in three decades, the Federal Reserve is set this week to begin winding down the extraordinary stimulus it gave during the pandemic recession.
Tagged with: Economy fed federal reserve inflation
Read More »Fed watchdog to investigate officials’ financial trades
An independent investigator will look into whether Federal Reserve officials broke the law with financial trades last year that have come under scrutiny.
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Read More »Second Fed region president to leave in wake of trading disclosures
A second senior Fed official will resign after ethics questions were raised this month over their trading activity in the financial markets.
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Read More »Fed chair meets a changed economy: Fewer workers, higher prices
Several disruptions to the U.S. economy appear likely to endure, a group of business owners and nonprofit executives told Federal Reserve Chair Jerome Powell.
Tagged with: fed inflation jobs
Read More »Under pressure, Powell says Fed to revamp its trading rules
Federal Reserve Chair Jerome Powell said the central bank will overhaul its financial ethics policies amid to growing questions about high-ranking Fed officials' decisions.
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Read More »Fed foresees potential interest rate hike as soon as next year
The Federal Reserve signaled that it may start raising its benchmark interest rate sometime next year, earlier than it envisioned three months ago.
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Read More »Powell: Fed on track to slow aid for economy later this year
The Federal Reserve will start dialing back its ultra-low-rate policies this year as long as hiring continues to improve, Chair Jerome Powell said.
Tagged with: Economy fed jerome powell
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