Federal Reserve officials discussed how they want to reduce their trillions in bond holdings at their March meeting, with a consensus amount around $95 billion, minutes released Wednesday showed. Officials “generally agreed” that a limit of $60 billion in Treasurys and $35 billion in mortgage-backed securities would be allowed to roll off, phased in over […]
US Federal Reserve Chairman Jerome Powell addresses an online only news conference in a frame grab from US Federal Reserve video broadcast from the Federal Reserve building in Washington, US, January 26, 2022. US Federal Reserve | via Reuters Federal Reserve Chairman Jerome Powell on Monday vowed tough action on inflation, which he said jeopardizes […]
James Bullard david orrel | CNBC St. Louis Fed President James Bullard said Friday he thinks the central bank should raise interest rates the equivalent of 12 times this year to convince the public it is serious about fighting inflation. As the lone dissenter at this week’s Fed meeting, Bullard said in a statement that […]
Customers shop at at a grocery store on February 10, 2022 in Miami, Florida. The Labor Department announced that consumer prices jumped 7.5% last month compared with 12 months earlier, the steepest year-over-year increase since February 1982. Joe Raedle | Getty Images Inflation grew worse in February amid the escalating crisis in Ukraine and price […]
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