Global Inflation Pressures Could Become Harder to Manage, Research Suggests
For decades, the global economy had been moving toward greater integration.
Federal Reserve
Powell at Jackson Hole: Economy’s Solid Growth Could Require Additional Fed Hikes to Fight Inflation
Powell noted that the economy has been growing faster than expected this year and that consumers have kept spending briskly.
EXPLAINER: How will we know if the U.S. is in recession?
The U.S. economy grew faster than expected in the July-September quarter, underscoring that the United States is not in a recession despite distressingly high inflation and interest rate hikes by the Federal Reserve.
How the Federal Reserve’s Rate Hikes Affect your Finances
Higher mortgage rates have sent home sales tumbling.
Biden Signs Order on Cryptocurrency as its Use Explodes
President Joe Biden has signed an executive order on government oversight of cryptocurrency that urges the Federal Reserve to explore whether the central bank should create its own digital currency.
Fed Signals it Will Likely Hold Rates Near Zero for Months
It did not specify any amounts or timing for its bond purchases.
Fed Announces $2.3 Trillion in Additional Lending
Among the actions it is taking is the activation of a Main Street Lending Program.
Fed Steps in Once Again to Try to Smooth Out Lending Markets
The virus has caused a near-shutdown of economic activity in the United States and abroad.
Powell Says Fed Will Provide Nearly Unlimited Funding
The economy itself was strong before the outbreak began, he said.
Virus Spread Prompts Fed to Slash Rates in Surprise Move
It was the Fed's first rate cut since last year, when it reduced its key short-term rate three times.