Fed Chairman Jerome Powell is under pressure to get inflation under control without raising interest rates too fast.
The Federal Reserve on Wednesday signaled plans for its first interest rate hike in three years, paving the way for a March liftoff as policymakers seek to keep prices under control and combat the hottest inflation in nearly four decades.
Former Chairman of the Council of Economic Advisers Kevin Hassett joined “Mornings with Maria,” Wednesday, arguing that Treasury Secretary Janet Yellen threw gasoline into the “inflation fire” and discussed Yellen rebranding Biden’s economic agenda as “modern supply-side economics.”
The Federal Reserve is expected to signal its first interest rate hike in three years during a pivotal two-day meeting this week, opening the door to a March liftoff as policymakers seek to combat the hottest inflation in four decades.
Stock investors brace for more big market swings following one of the biggest trading comebacks in history.
“Million Dollar Listing” star Ryan Serhant argued that opportunities for good real estate deals in New York City still exist despite the surge in demand.
It was a stock market reversal for the record books.
Just a couple of months after blocking Saule Omarova's nomination to be the comptroller of the currency, Banking Committee Republicans have their next target in Sarah Bloom Raskin.
Bank of America CEO Brian Moynihan predicted the economy could grow by 4% in 2022 and said that it's the Fed's "job" to bring it back to pre-pandemic levels.
Biden's first year in office has been a positive one for U.S. stocks, however his returns lag both Trump and Obama in their first year.
Larry McDonald, founder and editor of The Bear Traps Report discusses the country's rocky economic recovery
President Biden says the Federal Reserve has the job of addressing soaring inflation, as he continues to press for trillions more in government spending
In the second week of January, the 30-year mortgage rate rose to the highest point since March 2020 in preparation for the Fed to raise rates during this quarter.
Odeon Capital Group chief financial strategist Dick Bove joined “Mornings with Maria” Tuesday, suggesting that the Federal Reserve is in “deep trouble” over its balance sheet and is in one of “the worst” positions he’s ever seen.
Harvard University Professor Kenneth Rogoff, a former chief economist at the International Monetary Fund, explained why he believes inflation is not transitory and will stick around into next year.
President Biden on Friday announced three new nominations for the Federal Reserve's Board of Governors, including progressive favorite Sarah Bloom Raskin for the top regulatory spot, as the central bank prepares to confront the hottest inflation in a generation.
Lael Brainard, President Biden's nominee for the Federal Reserve's No. 2 spot, said Thursday that combating inflation is the Fed's top priority, suggesting interest rates could rise as soon as March.
Red-hot inflation may be hitting the mighty U.S. dollar, and that could spell trouble for the economic rebound.
The December jobs report came in lower than expected. However, experts explain why the Fed is still likely to raise interest rates in the first quarter of 2022.
President Joe Biden will nominate three people for the Federal Reserve's Board of Governors, including Sarah Bloom Raskin, a former Fed and Treasury official, for the top regulatory slot and Lisa Cook, who would be the first Black woman to serve on the Fed's board.