Since March of last year, the Fed has raised its benchmark short-term interest rate 11 times, from near zero to roughly 5.4%
federal reserve
Fed keeps interest rates unchanged but it expects another increase this year
Even as inflation has slowed significantly, the job market and the economy have remained resilient, confounding expectations that the Fed’s series of hikes would cause widespread layoffs and a recession.
Fed raises key interest rate by half-point and signals more to come
Though lower than its previous three-quarter-point hikes, the latest move will further heighten the costs of many consumer and business loans and the risk of a recession.
The Federal Reserve is deflating financial bubbles, without a crash
Fed policymakers have long shied away from using monetary policy to address asset bubbles, saying interest-rate hikes are too blunt a tool for such a mission.
Jerome Powell: U.S. economy remains solid, but rural towns aren’t feeling the effects
The Fed chairman stresses that poorer communities need extra tools to bolster businesses and talent.
Stocks dive again, heading for worst December since Great Depression
Investors are growing worried that global economic growth is cooling and that the U.S. could slip into a recession in the next few years.
Chinese tech executive’s arrest sends stocks tumbling; Federal Reserve reports lift them back up
The Wall Street Journal reported Thursday that the Fed may break from its current approach of steady rate hikes.
Fed leaves key rate alone, but sees further hikes ahead
The next rate increase is expected in December.
Hedging against Trump? Fed chair builds network of support on Capitol Hill
Top Republicans are supporting Jerome Powell, saying he is doing a good job with the economy in the face of increasing criticism from President Trump.
Trump says he ‘maybe’ regrets picking Jerome Powell as Fed chief
The president has repeatedly criticized the central bank for its rate increases.