Economist projects interest rates to surpass 2007 levels as inflation slows
Economists from Credit Union National Association (CUNA) predict that the Federal Reserve's fight against inflation could send interest rates soaring and also spur a recession as soon as next year.
Fed's Beige Book reports US economy slowing in some areas as inflation roars
The Federal Reserve said in a new report Wednesday that inflationary pressures, a labor shortage and supply chain bottlenecks continued to weigh on businesses.
Fed starts shrinking $8.9T balance sheet to combat sky-high inflation
Federal Reserve officials will begin winding down their massive balance sheet on Wednesday at a combined monthly pace of $47.5 billion.
US inflation won’t slow for ‘another 18 months,’ economist Steve Moore says
Former Trump economist Stephen Moore sees an inflation plateau providing some relief soon, but "very high prices" will last another "18 months or so."
Stuart Varney: Biden’s inflation plan ‘will do nothing’
FOX Business' Stuart Varney discusses President Biden's failure to address the country's energy production as he rolls out his plan to tackle inflation.
Biden vows Fed independence ahead of meeting with Powell over inflation battle
President Biden and Federal Reserve Chairman Jerome Powell will focus on the U.S. economy, particularly soaring inflation, during a rare White House meeting on Tuesday.
US economy could be headed toward recession, economist warns: '100% odds' of global slowdown
The odds of an economic downturn in the United States over the course of the next 12 months are somewhere between 35% and 40%, according to economist Greg Daco.
US consumers expect high inflation to persist this year, NY Fed survey shows
A New York Fed survey shows that most U.S. households think the high inflation environment will not fade over the next 12 months.
Fed's preferred inflation gauge rose 4.9% in April, still near 40-year high
The Fed's preferred gauge to track inflation climbed 4.9% in April from the previous year, close to the highest level since 1983.
Inflation: Former Philly Fed president reveals the 'big mistake' that led to the current crisis
Former Philadelphia Federal Reserve President Charles Plosser argued, Thursday, that the central bank should have acted sooner to curb soaring inflation.
Fed minutes suggest interest rate hikes could come faster than the market expects
The Federal Reserve released minutes from its May meeting, which showed that policymakers are prepared to move more rapidly to raise rates than the market may expect.
When will the stock market hit bottom? Goldman says watch for this signal
Stock equities are likely to see further losses, according to Goldman Sachs strategists, until the Federal Reserve signals that interest rate hikes are coming to an end.
Hedge fund billionaire Ackman urges Fed to be more aggressive fighting inflation, warns of economic collapse
Bill Ackman is urging the Federal Reserve to be more aggressive in raising rates, warning that the economy could be on the brink of collapse.
Blackrock warns of growing recession risk as Fed fights inflation
The Federal Reserve's "hawkish pivot" has raised the risk of an economic recession, according to BlackRock, the world's largest asset manager.
What is a soft landing, and why does the Fed keep talking about it?
The Federal Reserve faces a new challenge as it tries to tame inflation and cool consumer demand, without inadvertently triggering an economic recession.
Billionaire investor warns recession ‘won’t be easy’ to avoid
The Carlyle Group co-founder David Rubenstein warned on "Mornings with Maria" that the Fed is attempting to avoid stagflation and not raising interest rates "too much" amid soaring inflation.
Ben Bernanke assesses the Fed, Powell and inflation
Former Federal Reserve Chairman Ben Bernanke draws from his own experience in handling the financial crisis of 2007-2009 as current Chairman Powell faces his own as inflation rages.
Former Fed Chair Bernanke says inflation today isn't 'anywhere near' 1970s price spike
Ben Bernanke, the former Federal Reserve chairman, said the inflation spike that Americans are experiencing today is very different from that of the 1970s.
Is a recession coming? Signs the economy is beginning to crack
Wall Street is increasingly convinced that the Federal Reserve is going to drag the economy into a recession with its war on inflation.
Fed's Bullard says recession will only come if there's a 'large shock' to economy
St. Louis Fed President James Bullard argued, during an exclusive interview on "Cavuto: Coast to Coast," that the central bank must "get inflation under control" and that he believes the Federal Reserve has "a good plan to do so."