Janet Yellen: Unemployment is Likely Around 13% Right Now
“This is a huge, unprecedented, devastating hit,” Yellen said. “My hope is that we will get back to business as quickly as possible.”
the Fed
Trump Blasts Fed, Says ‘Powell Let Us Down’
Trump pounced after Powell said that Wednesday’s rate cut should not be viewed as the beginning of a long series of rate cuts
Carney: The White House’s Economic Forecast Has a Better Track Record than the Fed’s
Critics of President Donald Trump are complaining that the White House’s latest economic projects depend on a “rosy scenario” of the economy growing three percent or more.
Fed Chief: 2018 Best Year Since Financial Crisis
Federal Reserve Chairman Jerome Powell declared 2018 the “best year since the financial crisis” after revealing a late 2018 quarter percent rate hike Wednesday.
Federal Reserve Raises Interest Rates 1/4 Point
The Federal Reserve announced Wednesday afternoon, less than a week before Christmas, that the Fed will raise interest rates a quarter of a point, from 2.25 to 2.50 percent.
Former Fed Chair Volcker Says Ronald Reagan Ordered Fed Not to Raise Rates, Destroying Narrative That Trump’s Criticism Is Unprecedented
“The president is ordering you not to raise interest rates before the election.”
Trump on 831 Stock Market Drop: Fed Has Gone Crazy
President Donald Trump said “the Fed has gone crazy” in remarks to reporters as he deplaned in Erie for a Wednesday night Pennsylvania rally.
Fed Raises Interest Rates, Predicts Two More in 2018, Sees Economy Growing Faster
U.S. Federal Reserve officials announced a modest interest rate hike on Wednesday, predicting two more this year as the American economy continues to grow.
