Monetary Policy

Anthony Maggert and former Secretary of State Colin Powell pose for a photo.

Powell expected to walk tightrope on future Fed action in anticipated annual speech

Zach Halaschak · August 25, 2023 8:52 am

Federal Reserve Chairman Jerome Powell testifies during a Senate Banking Committee hearing on Capitol Hill in Washington, Tuesday, March 7, 2023.

Days of Fed’s historic tightening cycle may be numbered, thanks to inflation news

Zach Halaschak · July 16, 2023 10:00 am

Senate Banking, Housing and Urban Affairs Chairman Sherrod Brown, D-Ohio, left, and ranking member Tim Scott, R-S.C. talk during a hearings to examine recent bank failures and the Federal regulatory response, Tuesday, March 28, 2023, on Capitol Hill, in Washington.

Biden Fed nominees advance to Senate vote

Zach Halaschak · July 12, 2023 7:20 pm

A "For Sale" sign is posted on a home in Monterey Park, Calif. (AP/Nick Ut)

Mortgage rates spike to 6.81% shutting buyers ‘out of the market’

Zach Halaschak · July 7, 2023 8:02 pm

The likeness of Benjamin Franklin is seen on a U.S. $100 bill, Wednesday, Feb. 22, 2023, in Marple Township, Pennsylvania. (AP Photo/Matt Slocum)

Social Security update: Direct payment worth $914 arriving in 12 days

Misty Severi · April 19, 2023 10:06 pm

Discussions on the future of Social Security have occurred in Congress for years, and experts have warned that the program could be insolvent in 10 years if nothing is done.

Social Security update: First of March’s two SSI payments will arrive in 13 days

Misty Severi · February 16, 2023 5:10 pm

Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve, Wednesday, May 4, 2022, in Washington. The Federal Reserve intensified its drive to curb the worst inflation in 40 years by raising its benchmark short-term interest rate by a sizable half-percentage point.

Mounting evidence of inflation slowdown means Fed set to ease off the brakes

Zach Halaschak · January 27, 2023 6:49 pm

Federal Reserve Chairman Jerome Powell speaks during a news conference at the Federal Reserve Board building in Washington, Wednesday, July 27, 2022.

Fed will stay out of climate policy, Chairman Powell pledges

Zach Halaschak · January 10, 2023 3:00 pm

Federal Reserve Chairman Jerome Powell speaks at a meeting of the Economic Club of New York, Thursday, Oct. 19, 2023, in New York.

Fed slows rate-hiking campaign in sign of confidence in battle against inflation

Zach Halaschak · December 14, 2022 7:00 pm

Fed expected to ease anti-inflation campaign despite strong jobs report

Zach Halaschak · December 3, 2022 12:00 pm

Powell signals Fed may slow pace of rate hikes next week

Zach Halaschak · November 30, 2022 7:45 pm

FILE - This Sept. 18, 2013 file photo shows the Federal Reserve headquarters in Washington. Minutes of the Fed's discussion at its July 29-30, 2014 meeting show that some officials thought the economy was improving enough that the Fed would need "to call for a relatively prompt move" toward reducing the support it has been providing. Otherwise, they felt the Fed risked overshooting its targets for unemployment and inflation. (AP Photo/J. David Ake, File)

Fed’s mission creep has turned its monetary policy into a failed mission

Burton Abrams and James L. Butkiewicz · October 25, 2022 4:20 am