Watch Fed Chairman Jerome Powell speak live at IMF debate
[The stream is slated to start at 1 p.m. ET. Please refresh the page if you do not see a player above at that time.]Federal Reserve Chairman Jerome Powell speaks...
Powell says taming inflation ‘absolutely essential,’ and a 50 basis point hike possible for May
Federal Reserve Chairman Jerome Powell affirmed the central bank's determination to bring down inflation and said Thursday that aggressive rate hikes are possible as soon as next month."It is appropriate...
Fed’s Mester casts doubt on the need for ‘shock’ interest rate hikes ahead
Cleveland Federal Reserve President Loretta Mester said Friday she's in favor of raising interest rates quickly to bring down inflation, but not so quickly as to disrupt the economic recovery.That...
U.S. GDP fell at a 1.4% pace to start the year as pandemic recovery takes a hit
Gross domestic product unexpectedly declined at a 1.4% annualized pace in the first quarter, marking an abrupt reversal for an economy coming off its best performance since 1984, the Commerce...
The Fed’s favorite inflation gauge rose 5.2% in March as worker pay fell further behind
Canned goods are displayed at a Safeway store on April 11, 2022 in San Anselmo, California.Justin Sullivan | Getty ImagesA measure that the Federal Reserve focuses on to gauge inflation...
Can I live without it?
A pedestrian carries shopping bags in the Herald Square area of New York, U.S., on Wednesday, April 13, 2022.Calla Kessler | Bloomberg | Getty ImagesSandy Magny plans to take her...
Stagflation risk rises as the Federal Reserve tightens monetary policy
The Federal Reserve is hiking interest rates in an effort to defuse an explosive year of price inflation. But global forces could neutralize the effects of that tightening of monetary...
Fears of a Fed mistake grow as this week’s anticipated interest rate hike looms
Jerome Powell, Chairman of the U.S. Federal Reserve, attends the National Association of Business Economicseconomic policy conference in Washington, D.C, United States on March 21, 2022.Yasin Ozturk | Anadolu Agency...
Over 50% of Americans worry they lack enough emergency savings
The subject of money is weighing on the minds of many Americans. Some 2 in 5 U.S. adults say that money issues negatively impact their mental health, according to a...
Job openings and the level of people quitting their jobs reached records in March
A "now hiring" sign is posted in the window of an ice cream shop in Los Angeles, California on January 28, 2022.Frederic J. Brown | AFP | Getty ImagesEmployment openings...