It has become a jarring and frequent contradiction. President Donald Trump blames the Federal Reserve for putting the US economy at risk while data shows an economy in “reasonably good” shape, as the head of the central bank recently said.
Federal Reserve Chair Jerome Powell’s efforts to cool down the economy are causing progressive criticism to heat up. He has been accused of wanting a “brutal” recession, trying to “throw millions of Americans out of work” and using “dangerous” rhetoric. And those are the comments of just one senator, Elizabeth Warren
The United States Federal Reserve’s tightening of monetary policy through raising interest rates which began in March this year is to continue despite the flat inflation line for July compared to June this year and the suddenly positive job statistics for July. The rest of the world, especially developing economies in Asia,
Global shares and US yields edged lower on Wednesday as markets braced for what is expected to be the Federal Reserve’s 11th consecutive hike in interest rates aimed to reining in rising consumer prices. Traders expect that the Fed will announce a 25 basis point hike in rates later on Tuesday, taking the benchmark overnight
Stubbornly hot US inflation is fueling bets that the Federal Reserve will get more aggressive about trying to cool price pressures and even potentially ditch its own forward guidance
The US Fed Reserve has raised the interest rate by 25 percentage points, from 4.5 per cent to 4.75 per cent, which is modest in comparison to the series of rate hikes in 2022. Fed Reserve chairman Jeremy Powell said that the interest rate hike would continue but in small doses until the inflation rate returns to the mandated 2 per cent.
America’s employers added a sizzling 517,000 jobs in January, a surprisingly strong gain in the face of the Federal Reserve’s aggressive drive to slow growth and tame inflation with higher interest rates.
The release of the Federal Reserve’s minutes has shed more light on the central bank’s vision and perspective on monetary policy. As expected, the institution will continue focusing on controlling inflation levels.
Federal Reserve Chair Jerome Powell told Congress that the US economy is in a good place, even as he cited the potential threat from the coronavirus in China and concerns