Minutes from the latest Federal Open Market Committee (FOMC) policy meeting revealed that the policy-making arm of the central bank believes the odds of a recession occurring in 2023 are higher.
Elon Musk has issued a warning to the American people that Democrat President Joe Biden’s Federal Reserve is tanking the US economy.
The U.S. Federal Reserve may require the American unemployment rate to rise to almost double its current level in order to control high inflation, a new report has suggested.
Federal Reserve Chairman Jerome Powell has warned Americans to brace for a long period of economic pain, revealing that he expects the fight against inflation will last “for some time.”
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.
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.
Federal Reserve Chairman Jerome Powell has warned that the central bank will continue raising interest rates to combat elevated inflation until it comes down.