Fed’s Powell: High inflation poses a threat to job market
Federal Reserve Chair Jerome Powell said the Fed will raise interest rates faster than it now plans if needed to stem surging prices.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Fed notes improving economy, easing toward lowering interest rates
The Federal Reserve said the U.S. economy is strengthening and making progress on the Fed's employment and inflation goals, a small step toward dialing back its ultra-low-interest rate policies.
Fed chair: Inflation will be ‘elevated’ in coming months
Federal Reserve Chair Jerome Powell said inflation “will likely remain elevated in coming months" before “moderating."