Federal Reserve Archives - Page 4 of 4

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. The Federal Open Market Committee (FOMC) is also expected formally announce the launch of…

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. The top Fed official made the call while arguing that the central bank is not doing enough to fight 40-year high inflation. Bullard, who…

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. On Monday, Manchin revealed he will oppose one of Biden’s Fed nominees, warning against the Democrat president's attempts to "politicize" the Federal Reserve's "critical decisions." Manchin…

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. The GOP's opposition is coalescing around Sarah Bloom Raskin, the White House’s pick for the Fed’s vice chair for bank supervision. Bloom Raskin is also the wife of former…

Consumer Prices Skyrocket 7.5% Higher, Worst Inflation in 40 Years

Consumer prices in America have skyrocketed to the highest rate in 40 years as inflation explodes under Democrat President Joe Biden's economy. As the new year started, U.S. consumer prices jumped by the most in nearly four decades, new figures published by the Department of Labor (DOL) on Thursday reveal.…

Federal Reserve’s New Policies Will See Bitcoin Outpace Stocks in 2022, Report Suggests

Bitcoin will dominate the cryptocurrency market in 2022, with BTC outpacing traditional stocks thanks to the U.S. Federal Reserve's new policies, according to a new report. New analysis by Bloomberg’s Mike McGlone says Bitcoin is going to continue its meteoric rise this year, despite the recent plunge from all-time highs. Bitcoin is expected to…