Federal Reserve - Page 11

Harvard economist Gabriel Chodorow-Reich coined the phrase “immaculate disinflation” to describe Fed Chairman Jerome Powell’s persistent belief that the Fed can bring down inflation painlessly.

Fed officials think rates will have to keep climbing this year and next to bring inflation under control.

Sarah Bloom Raskin became the second Biden banking nominee to sink after advocating for bankrupting the oil and natural gas industry.

A prolonged shutdown in China could mean higher inflation in the U.S., and that’s likely to weigh on the minds of Fed officials as they meet this week to discuss their interest rate target.

On Friday’s broadcast of ABC’s “GMA3,” economist, Harvard Professor, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers called on the Federal Reserve to raise interest rates and signal that further

The idea that inflation is caused by the lack of competition was gently dismissed by Fed chair Powell.

The Fed, in its latest Beige Book report that collects business anecdotes from around the country, said that prices charged to customers increased at a “robust pace” across the United States.

Alfredo Ortiz of Job Creators Network writes in The Hill that the current Democrat spending spree has produced a crisis of inflation that has hurt Americans to a such a degree that Congress must commit to no more unnecessary spending or distortionary social programs.

Can’t stop. Won’t stop. The Fed’s favorite inflation gauge shows prices rose at their fastest pace in 40 years last month.

The median price of a new home was $423,300 in January, a seven percent from $395,500 the previous month, reflecting the Bidenflation hitting construction materials.

Demand collapsed in February as wildfire inflation burned through the Fed’s Fifth District, which includes the District of Columbia, Maryland, North Carolina, South Carolina, Virginia, and most of West Virginia.

For decades, the Fed has helped pump up asset values and fought inflation by bringing down labor demand. What if it tries something very different?

After the failure of his Build Back Better legislation, the Fed Reserve is Biden’s preferred mechanism for advancing his version of the Great Reset. And his woke Fed nominees are the key to this strategy.

Sen. Jon Tester (D-MT) said he has been further reviewing Sarah Bloom Raskin’s potential influence as a former Fed governor to secure a lucrative financial tool for her company.

Early hopes that inflation would stay confined to a few categories experiencing bottlenecks have been crushed.

The Fed Board regularly meets in secret. This year there is heightened scrutiny as the Fed prepares to begin a series of rate hikes.

During an interview with West Virginia MetroNews’ “Talkline with Hoppy Kercheval” on Thursday, Sen. Joe Manchin (D-WV) said inflation is “a basic threat” and that the Federal Reserve “can’t be pussyfooting around like they’ve been.” And now isn’t the time

Sarah Bloom Raskin, one of President Joe Biden’s nominees to serve on the Federal Reserve board of governors, could not recall or was not aware of how an answer more than 35 questions from Sen. Pat Toomey (R-PA).

Much worse than expected.

She will be the first black woman to head a regional Federal Reserve bank and the first black president of the Boston Fed.

Democrat Rep. Jamie Raskin (D-MD) allegedly violated the Stop Trading on Congressional Knowledge (STOCK) Act by failing to disclose his wife’s $1.5 million stock payout, according to Business Insider.

Sen. Cynthia Lummis (R-WY) grilled on Thursday Sarah Bloom Raskin, one of President Joe Biden’s nominees to serve on the Federal Reserve board of governors, over how Raskin may have used her influence as a former Fed governor to secure a lucrative financial tool for her company.

Dr. Lisa Cook, one of President Joe Biden’s nominees for the Federal Reserve board of governors, has a history of canceling those critical of Black Lives Matter (BLM), supporting reparations, and advocating for policies that could politicize the Fed.

On Thursday’s broadcast of MSNBC’s “Andrea Mitchell Reports,” economist Lawrence Summers stated that he thinks defeating inflation will probably require higher interest rates than foreseen by the Federal Reserve and the market, so “the risks of some form of economic

Half of Americans expect inflation to increase a lot over the next six months.

The Federal Reserve on Wednesday sent a clear message that it intends to raise its interest rate target at its next meeting in March.

Sixty-five percent of Americans said the country was not going in the right direction in a recent survey released by Morning Consult — seventeen points higher than in March when Biden was enjoying better approval numbers.

Instead of a hike every other meeting, the swaps market now projects a series of consecutive hikes through the middle of this year.

Biden’s nominee for the second-highest position at the Fed rejected calls for the Fed to advance a climate change agenda through its bank supervision powers.

The Fed has failed to foresee two consecutive economic disasters.

No more stimulus needed.

The Fed realized it was offsides on inflation and the labor market. The reversal of policy may now come even more quickly than signaled at last month’s meeting.

During an interview aired on Wednesday’s edition of ABC’s “World News Tonight,” President Joe Biden stated that Americans should be prepared for economic pain from Federal Reserve interest rate hikes before things improve, “If we don’t pass Build Back Better,”

The vice-president of the European Central Bank has said that current inflation is not ‘as temporary’ as initially expected.

On Wednesday’s broadcast of CNN’s “OutFront,” economist Larry Summers reacted to the Federal Reserve’s inflation policy announcements by stating that the Federal Reserve still has “a long way to go” and that combatting the inflation problem is “going to require

The Fed pivots from pumping up employment to removing accommodation.