Browsing: Interest rates

Economy Powell expects Fed to pick up pace of rate hikes

Recent economic data suggests the Federal Reserve will need to continue to raise interest rates this year to slow inflation and possibly push rates higher than previously projected, Fed Chairman Jerome Powell told lawmakers on the Senate Banking Committee this week.

Newsbytes Powell signals Fed will slow pace of rate increases

In a speech today, Federal Reserve Chairman Jerome Powell said while inflation remains persistently high, the Federal Open Market Committee may slow the pace of increases in the federal funds rates starting as early as its December meeting.

Economy Brainard reflects on effects of COVID, war on inflation

The “relative inelasticity of supply in key sectors” sets the economy of the past three years (encompassing the COVID-19 pandemic and the Russian war in Ukraine) apart from the 30-year period prior, Federal Reserve Vice Chair Lael Brainard said.

Newsbytes FOMC: Full effects of rate-hike campaign not yet known

Against the backdrop of significantly slowing economic growth and a tight labor market, Federal Open Market Committee members agreed to raise the federal funds rate another 75 basis points at their recent Nov. 1-3 meeting, according to minutes released Wednesday.

1 2 3 4 8