Federal Reserve

Jerome Powell Pressed Over How Fed Would Respond to Economic Slowdown

Jerome Powell Pressed Over How Fed Would Respond to Economic Slowdown

Lawmakers pressed Federal Reserve Chairman Jerome Powell over how the central bank would manage trade-offs it could confront if its interest rate increases slow the economy sharply but don’t reduce inflation quickly. Mr. Powell on Thursday said that in such a scenario, the Fed would be reluctant to shift from raising rates to cutting them …

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Ben Bernake led the Federal Reserve until 2014. He warns that a period of low economic growth and high prices and unemployment, dubbed 'stagflation,' could be coming

Ex-Fed chair says US economy is heading toward stagflation for the first time since the 1970s

The former head of the Federal Reserve says the US is heading toward a period of high inflation and low economic growth as the head of Goldman Sachs and other global banks warn that a recession is coming. Ben Bernake, who led the Fed through the 2008 financial crisis, says ‘stagflation’ may be on the …

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Fed hikes interest rates the most since 2000. Here's the impact on your wallet.

Fed hikes interest rates the most since 2000. Here’s the impact on your wallet.

The Federal Reserve is turning to its most potent weapon to combat the highest inflation in 40 years: Boosting interest rates. On Wednesday, the central bank said it is increasing its benchmark short-term interest rate by 0.5%, marking the largest increase since 2000.  The Fed’s goal is to tamp down demand from consumers and businesses …

Fed hikes interest rates the most since 2000. Here’s the impact on your wallet. Read More »