The Fed Seems Certain to Cut Rates. But How Fast?
A rate reduction this fall – the first since the pandemic – would amount to a momentous shift and a potential boost to the economy, but in isolation won’t make much of a difference.
Powell: Fed to Keep Rates Higher for Longer to Cut Inflation
The Federal Reserve will push rates higher than previously expected and keep them there for an extended period, Chair Jerome Powell said Wednesday, and economic data reported Thursday suggests the Fed will have little reason to pull back soon.
Fed’s Brainard: Rates to Rise Higher, Stay Elevated Longer
The Federal Reserve will need to continue lifting its short-term interest rate to a level that restricts economic growth and keep it there for an extended period, a top Fed official said Wednesday.
Powell Tells Congress Fed Will Raise Rates this Month
Federal Reserve Chair Jerome Powell made clear Wednesday that the Fed will begin raising interest rates this month in a high-stakes effort to restrain surging inflation.
