Tag: Federal Reserve System
White House Struggles to Talk About Inflation, the ‘Problem From Hell’
WASHINGTON — President Biden was at a private meeting discussing student debt forgiveness this year when, as happens…
Why a Not-So-Hot Economy Might Be Good News
When it comes to the economy, more is usually better.Bigger job gains, faster wage growth and more consumer…
Wall Street’s Losing Streak Ends, but Uncertainty That Drove It Lingers
The stock market’s staggering run of losses came to an end last week, with the S&P 500 snapping…
Americans Keep Spending Even as Inflation Erodes Buying Power
Americans built up trillions of dollars in savings during the pandemic. Now, with prices rising at their fastest…
Fed Minutes Show Officials Expecting to Raise Rates Three Times to Address Inflation
Still, as of the May meeting, “most participants judged that 50-basis-point increases in the target range would likely…
Poor Countries Face a Mounting Catastrophe Fueled by Inflation and Debt
Before war ravaged Yemen, Walid Al-Ahdal did not worry about feeding his children. At his hometown near the…
Ben Bernanke Sees ‘Stagflation’ Ahead
Standing in his kitchen one morning in Washington, D.C., and drinking a glass of lightly flavored water, Ben…
How Do Higher Interest Rates Bring Down Inflation?
This kind of communication was less common 30 years ago. But a series of Fed chairs — Alan…
Stocks Return to Earth, With the S&P 500 Nearing a Bear Market
But the downdraft has sunk the share prices of companies that represent innovation and the future, too; Amazon…
Senate Confirms Philip Jefferson as a Fed Governor
Philip N. Jefferson, a college administrator and academic economist, was confirmed to the Federal Reserve’s Board of Governors…
Afghans Urge Court Not to Give Frozen Central Bank Assets to Sept. 11 Families
WASHINGTON — Exiled Afghans are urging a federal judge to reject the effort by relatives of victims of…
Fed Officials Are on the Defensive as High Inflation Lingers
Christopher Waller, a governor at the Federal Reserve, faced an uncomfortable task on Friday night: He delivered remarks…