Federal Reserve

Dudley Defends Fine-Tuned Fed Rate Hikes for Stable but Uneven U.S. Economy

Delicate interest-rate hikes are necessary given the United States may be on the cusp of a jump in inflation, one of the Federal Reserve's most influential officials said on Friday before a local gathering that questioned the wisdom of even gradually trimming economic support for poorer Americans.

Dudley Defends Fine-Tuned Fed Rate Hikes for Stable but Uneven U.S. Economy

Delicate interest-rate hikes are necessary given the United States may be on the cusp of a jump in inflation, one of the Federal Reserve's most influential officials said on Friday before a local gathering that questioned the wisdom of even gradually trimming economic support for poorer Americans.

Fed's Kaplan Sees 3 Rate Hikes in 2017

With the U.S. workforce nearly fully employed and inflation heading toward 2 percent, the Federal Reserve should raise interest rates two more times this year.

Wall Street Higher as Fed Raises Rates

U.S. stocks were near session highs in afternoon trading on Wednesday after the Federal Reserve raised interest rates for the second time in three months, as expected.