The Fed’s New Instant Payments System FedNow Goes Live
The Federal Reserve today launched its new system for instant payments, the FedNow Service.
Fed Raises Rates by Quarter-Point, More Hikes to Come
The Federal Reserve extended its fight against high inflation Wednesday by raising its key interest rate by a quarter-point, its eighth hike since March. The Fed signaled that even though inflation is easing, it remains high enough to require further rate hikes.
Powell: Fed Could Keep Lifting Rates Sharply ‘for Some Time’
Federal Reserve Chair Jerome Powell delivered a stark message Friday: The Fed is resolutely focused on taming the highest inflation in four decades.
Strong Jobs Numbers Likely to Encourage More Fed Rate Hikes
Defying anxiety about a possible recession and raging inflation, America’s employers added a stunning 528,000 jobs last month, restoring all the jobs lost in the coronavirus recession.
Ex-Fed Economist: Central Bank Not Looking Ahead Enough
Bill Nelson has experienced the workings of the Federal Reserve from both sides of the street, including a top position advising the central bank on interest rates.
US Not Yet in Recession, and Other Takeaways from the Fed
Jerome Powell delivered a tough message at the start of a news conference Wednesday: Inflation is way too high, and the Federal Reserve is laser-focused on taming it with higher borrowing costs.
US Economy Is Sending Mixed Signals: Here’s What It All Means
Growth appears to be sputtering, home sales are tumbling and economists warn of a potential recession ahead. But consumers are still spending, businesses keep posting profits and the economy keeps adding hundreds of thousands of jobs each month.
Fed Set to Impose Another Big Rate Hike to Fight Inflation
Conflicting signs about the health of the U.S. economy have thrust the Federal Reserve into a difficult spot as its interest rate-setting committee begins its latest meeting.
Fed: Sharply Higher Rates May Be Needed to Quell Inflation
Federal Reserve officials were concerned at their meeting last month that consumers were increasingly anticipating higher inflation, and they signaled that much higher interest rates could be needed to restrain it.
Ex-Fed Official Says Central Bank Should Stop Enabling Trump
A former top Federal Reserve official suggested Tuesday that the Fed should avoid responding to the effects of President Donald Trump’s trade war with China and even consider how its actions might affect Trump’s re-election prospects – an argument that drew an unusual rejection from the Fed.
Fed Puts Forward Proposals to Modify Bank Regulations
The Federal Reserve on Monday put forward two proposals to modify regulations put in place after the 2008 financial crisis that the banking industry complained were too restrictive.
