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28 March 2024
Federal Reserve
Powell: Inflation Fight May Cause Recession
by
CHRISTOPHER S. RUGABER, AP Economics Writer
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Sep 22, 2022
WASHINGTON (AP) — The Federal Reserve delivered its bluntest reckoning Wednesday of what it will take to finally tame painfully high inflation: Slower growth, higher unemployment and potentially a recession. Speaking at a news conference, Chair...
High Inflation in Sight, Fed Signals Rate Hike
by
CHRISTOPHER S. RUGABER, AP Economics Writer
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Sep 21, 2022
WASHINGTON (AP) — Last month, when Federal Reserve Chair Jerome Powell spoke at an economic conference in Jackson Hole, Wyoming, he issued a blunt warning: The Fed’s drive to curb inflation by aggressively raising interest rates, he said,...
Fed’s Rate Hike Raises Likelihood of Recession
by
PAUL WISEMAN, AP Economics Writer
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Jun 16, 2022
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell has pledged to do whatever it takes to curb inflation, now raging at a four-decade high and defying the Fed’s efforts so far to tame it. Increasingly, it seems, doing...
Powell: Fed Will Raise Rates This Month
by
CHRISTOPHER S. RUGABER, AP Economics Writer
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Mar 2, 2022
WASHINGTON (AP) — Chair Jerome Powell said Wednesday that he supports a traditional quarter-point increase in the Federal Reserve’s benchmark short-term interest rate when the Fed meets later this month, rather than a larger increase that...
Fed Plans to Raise Rates to Cool Inflation
by
CHRISTOPHER S. RUGABER, AP Economics Writer
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Jan 26, 2022
WASHINGTON (AP) — The Federal Reserve signaled Wednesday that it plans to begin raising its benchmark interest rate as soon as March, a key step in reversing its pandemic-era low-rate policies that have fueled hiring and...
Powell: Inflation Will Likely Moderate
by
CHRISTOPHER S. RUGABER, AP Economics Writer
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Jul 14, 2021
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell suggested Wednesday that inflation, which has been surging as the recovery strengthens, “will likely remain elevated in coming months” before “moderating.” At the same time, Powell signaled no...
Fed Sees Faster Time Frame for Rate Hikes
by
CHRISTOPHER S. RUGABER, AP Economics Writer
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Jun 16, 2021
WASHINGTON (AP) — The Federal Reserve signaled Wednesday that it may act sooner than previously planned to start dialing back the low-interest rate policies that have helped fuel a swift rebound from the pandemic recession but...
Federal Reserve Likely to Leave Rates Alone
by
MARTIN CRUTSINGER, AP Economics Writer
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Jan 31, 2017
WASHINGTON (AP) — The Federal Reserve is all but sure to leave interest rates alone when it ends a policy meeting Wednesday at a time of steady gains for the U.S. economy but also heightened uncertainty...
Feds Likely to Raise Rates for First Time In a Year
by
ASSOCIATED PRESS
-
Dec 14, 2016
WASHINGTON (AP) — The Federal Reserve is expected to raise its key interest rate for the first time in a year when its policy meeting ends Wednesday. The move would lift the rate by a quarter...
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