Fed’s Neel Kashkari Claims Inflation May Still Be Transitory
Minneapolis Federal Bank President Neel Kashkari has claimed that inflation may still be transitory.
Federal Reserve
Looming Debt ‘Death Spiral’ Will Force Fed to Restart Money Printers Sooner, Expert Warns
A leading economic expert is warning that the U.S. Federal Reserve will soon be forced to start printing money again as a “death spiral” of debt is looming.
Defaults to Soar amid ‘Extremely High’ Recession Risk and Rising Borrowing Costs
Credit defaults in the United States are expected to soar as borrowing costs continue to rise amid an “extremely high” risk of recession, a group of finance industry leaders is warning.
Key Inflation Gauge Drops Slightly But Sticks at More Than Double Fed’s Target
A key inflation gauge dropped slightly in May but remains stuck at a level that is more than double the target set by the Federal Reserve.
Jerome Powell: Fed Is ‘Acutely Focused’ on Fighting Inflation
Federal Reserve Chairman Jerome Powell has insisted that curbing inflation and restoring stability to the U.S. dollar is one of the Fed’s highest priorities.
Powell: Fed to Raise Interest Rates without ‘Hesitation’ until Inflation Eases
Federal Reserve Chairman Jerome Powell has warned that the central bank will continue raising interest rates to combat elevated inflation until it comes down.
Federal Reserve Meeting in Focus as Sharp Rate Hike Expected to Fight Inflation
This week’s two-day Federal Reserve policy meeting is a major focus point for investors, with markets expecting the central bank to press ahead with a sharp rate hike in an effort to relieve surging inflationary pressures.
Top Fed Official Calls for Interest Rates Raised above 3% Before End of 2022
Federal Reserve Bank of St. Louis President James Bullard is calling for the Fed to raise interest rates above three percent before the end of 2022.
Joe Manchin Drops Hammer on Biden, Will Vote Against Fed Nominee
West Virginia Democrat Sen. Joe Manchin has dropped the hammer on President Joe Biden by announcing he will vote against his Federal Reserve nominee.
GOP Boycotts Biden’s Federal Reserve Nominees, Fate Now Unclear
Senate Republicans have boycotted a vote on Democrat President Joe Biden’s nominees to fill vacant seats on the Federal Reserve Board.