The U.S. government on Sunday sought to affirm confidence in the U.S. banking system by announcing protection for all depositors in Silicon Valley Bank. Treasury Secretary Janet Yellen approved measures to resolve the failure of Silicon Valley Bank “in a
During an interview aired on Friday’s edition of Bloomberg’s “Wall Street Week,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers argued that “we don’t have a
The “cheap money ecosystem” that fed the tech start-up culture has come to an end with the Federal Reserve raising interest rates to curb inflation, and the failure of Silicon Valley Bank might be the first domino to fall among California-based financial institutions, Breitbart Economics Editor John Carney said in an interview Friday with Fox Business host Larry Kudlow.
Chris Whalen, chairman of Whalen Global Advisors, blamed Federal Reserve Chair Jerome Powell for the failure of Silicon Valley Bank (SVP) in a Friday interview on Forward Guidance with host Jack Farley.
The market’s expectations for the rate hike coming out of the March meeting of the Federal Open Market Committee (FOMC) moved violently on Tuesday as the Fed chief testified before the Senate Banking Committee.
Sen. Bob Menendez (D-NJ) used a Senate Banking Committee hearing with Federal Reserve Chair Jerome Powell to excoriate President Joe Biden for not appointing more Latinos to the Federal Reserve board.
Hotter than expected data has forced the Fed to rethink the pace and peak of interest rates.
During an interview aired on Friday’s edition of Bloomberg’s “Wall Street Week,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers stated that public pressure by progressive
The services sector index for February shows that progress on inflation has definitely stalled as demand for services remains strong.
A highly anticipated speech by Fed Governor Christopher Waller was scrapped after a participant in the Zoom call started showing porn to the audience.
The Federal Reserve officials may “chicken out” from raising interest rates at their next meeting, Breitbart Economics Editor John Carney told Fox Business’ Larry Kudlow.
The personal consumption expenditure data released Friday confirmed the January inflationary boom.
The Fed’s policy stance increased looks like it is “insufficiently restrictive” to rein in demand for labor.
A formerly-confidential memo from half a century ago suggests that the Federal Reserve may have a failsafe in the event of a protracted debt ceiling fight.
The Fed wants to see inflation on a sustained path downward.
Following a week of data showing unexpectedly resurgent inflation, fed funds futures contracts now indicate the Federal Reserve will hike its target rate up by half a percentage point in the coming months.
The Federal Reserve is going to have to monetize the national debt to finance it, Breitbart Economics Editor John Carney said in an interview Wednesday on Larry Kudlow’s eponymously named Fox Business show.
President Biden is planning to tap Federal Reserve Vice Chair Lael Brainard to serve as director of the National Economic Council, according to a Wall Street Journal report.
The Federal Reserve is likely to have to keep raising interest rates to a “sufficiently restrictive level” to bring down inflation, Federal Reserve Governor Michelle Bowman said Monday. “I expect that ongoing increases will be appropriate to bring the federal
Former Federal Reserve governor and chief executive officer at The Lindsey Group Lawrence Lindsey said Monday on CNBC’s “The Exchange” that Fed Chair Jerome Powell had the “most counterproductive press conference” while announcing the Federal Reserve raised its benchmark interest rate by a quarter point.
FRANKFURT, Germany (AP) – The European Central Bank chugged ahead with another outsized interest rate hike Thursday and vowed more to come, underlining its drive to subdue inflation even as the European economy slows and the U.S. Federal Reserve eases its pace of increases.
Fed chairman Jerome Powell described the labor market as extremely tight. Jobless claims indicate that it may be getting even tighter.
FRANKFURT, Germany (AP) – The European Central Bank is set for another large interest rate increase to fight painfully high inflation even after the U.S. Federal Reserve slowed its pace, a divergence that underlines Europe’s later start and could speed the euro’s rebound from recent lows against the dollar.
The Fed’s benchmark rate is now the highest it has been since 2007.
The Federal Reserve’s preferred inflation gauge eased further in December, and consumer spending fell — the latest evidence that the Fed’s series of interest rate hikes are slowing the economy.
The U.S. economy expanded at a 2.9% annual pace from October through December, ending 2022 with momentum despite the pressure of high interest rates and widespread fears of a looming recession.
On Friday’s broadcast of NPR’s “Here and Now” President and CEO of the Federal Reserve Bank of Boston Susan M. Collins stated that climate change is one of the factors that has led to the rapid increase in prices. Collins
The extremely benign economic data of the past two weeks appears to have made investors more confident that they will win the fight with the Fed.
A softer labor market will weigh on black and Hispanic employment, Fed officials acknowledged at their December meeting.
On Thursday’s broadcast of CNBC’s “Squawk Box,” Kansas City Federal Reserve President Esther George stated that she believes the federal fund rates will be over 5% “until we get the signals that inflation is really convincingly starting to fall back toward
Lots of headlines about layoffs but very few showing up in the unemployment data.
Does not look like monetary policy has become restrictive yet.
Stock markets were wrapping up their worst performances in years on Friday before heading into 2023 under recession fears following Russia’s invasion of Ukraine, high inflation, and rising interest rates.
The number of people seeking unemployment benefits rose only slightly last week, with the labor market remaining strong despite the Federal Reserve’s efforts to cool the economy and hiring.
The Federal Reserve plotted a course for next year that includes sluggish growth, declining yet persistently high inflation, and at least a few more interest rate hikes. It’s a good idea to study this Fed map closely, while remembering the map is not the territory.
Fed chair says he is going to stand his ground on the inflation target.
Estimates for rates, inflation, and unemployment were all raised in the projections of Fed officials.
Lots of headlines about layoffs but no sign of significantly increased job loss in the claims data.
A setback for the Fed or a foreshadowing of a soft-landing?
Chairman Jerome Powell on Wednesday ruled out the idea that the Fed might raise its benchmark interest rate by 75 basis points.
