Fed’s Powell Orders Review of Ethics Rules
The move follows the disclosure that Dallas Fed President Robert Kaplan made multiple trades worth $1 million or more last year in individual stocks.
Progressives Urge Biden to Replace Fed Chief
A group including Rep. Alexandria Ocasio-Cortez says the Fed needs to be focused on "eliminating climate risk and advancing racial and economic justice."
Powell Remains Cautious on Stimulus ‘Tapering’
The Fed chair confirmed officials are moving toward winding down the monthly bond-buying program but was not specific about timing.
Bond Market Pricing in at Least One Interest Rate Hike in 2022
The bond market is currently pricing in a 56.8% chance of a rate hike by December 2022.
Fed Officials See Inflation Surge Lasting Longer
"Temporary is going to be a little longer than we expected initially ... Rather than it being two to three months it may be six to nine months."
Fed Holds Line on Rates Despite Rising Prices
The central bank expects to maintain ultralow rates until “inflation has risen to 2 percent and is on track to moderately exceed 2 percent for some time.”
Early Days of the Biden Presidency: The Quiz
How much have you been following the first few weeks of the Biden administration? Take our quiz to find out.
Mnuchin to Let Emergency Credit Programs Lapse
If the economy "really goes south," the Treasury Secretary "will go down in history as the man who took away a safety net when it was really needed.”
Fed Chair Jerome Powell Calls for More Stimulus
The central bank chair said fiscal stimulus is needed to help the economy recover from the effects of the coronavirus.
Fed Survey: Household Finances Improve, Uncertainty Remains
Overall, at least 77% of adults said they were at least “doing OK” in July, up from 72% in April.
U.S. Economy Shrinks by Record 32.9% in Q2
“It’s a very deep and dark hole and we’re coming out of it, but it’ going to take a long time to get out.”