Fed’s Barkin says high inflation made case for rate hike ‘pretty clear’
The president of the Richmond Federal Reserve said persistent inflation justified the central bank's move to raise U.S. interest rates again this week.
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The president of the Richmond Federal Reserve said persistent inflation justified the central bank's move to raise U.S. interest rates again this week.
The U.S. central bank needs to press ahead with rate hikes despite the banking stress, St. Louis Fed President James Bullard said Friday.
Banks slightly reduced emergency borrowing from the Federal Reserve last week in the wake of the failure Silicon Valley Bank. They drew $163.9 billion in credit.
In a day of drama at the Federal Reserve, Wall Street appears to have overlooked one thing: The central bank foresees a recession this year.
Here are five key questions to ponder after Fed Chairman Jerome Powell's press conference on Wednesday.
The Federal Reserve moved ahead Wednesday with another interest-rate hike, but the central bank penciled in only one more rate hike this cycle.
Inflation won't fall quite as rapidly in 2023 as previously predicted and the economy is likely to weaken further, the Federal Reserve predicts.
The European Central Bank raised its benchmark interest rate by 50 basis points on Thursday. Will the Federal Reserve follow suit?
The Federal Reserve will either pause interest rates or hike rates by 25 basis points at its meeting Wednesday. Here are the pros and cons of each move.
The Fed will release updated projections for interest-rates and likely won't ratify the markets expectations of quick rate cuts.
U.S. banks borrowed almost $165 billion from the Federal Reserve after the failure of Silicon Valley Bank to help curtail a budding financial crisis.
The Federal Reserve's long-anticipated instant-payments service FedNow will make its debut in July, the central bank announced Wednesday.
Alan Blinder, the former Fed No.2 official, said Wednesday that the Fed and the ECB should pause rate hikes until the dust settles over concern about banks.
The February consumer price report for February was not good enough to stop the Federal Reserve from hiking next week, many analysts believe.
The Federal Reserve on Sunday set up a new emergency loan program to bolster the banking system.
Did the Federal Reserve's rapid interest-rate hikes cause the collapse of Silicon Valley Bank? The debate rages on Twitter.
Don't ask economists for a precise payroll number that would guarantee a 50-basis-point hike this month. It will be the total picture of the data that counts.
Federal Reserve Vice Chair for Supervision Michael Barr on Thursday said the Fed's recent moves to safeguard banks from crypto isn't anti-innovation.
Federal Reserve Chair Jerome Powell stressed Wednesday that no decision has been made on the size of a potential interest rate hike in March.
Federal Reserve Chairman Jerome Powell on Tuesday pledged to continue the battle against inflation, arguing that the U.S. economy "does not work for anyone" without stable prices.