Federal Reserve

The Federal Reserve on Wednesday announced it will raise rates for the first time since 2018, bringing to an end the ultra-easy monetary policy put in place two years ago to prop up the economy through the COVID-19 pandemic.

The U.S. Senate Banking Committee plans to hold a meeting Wednesday to vote on advancing four nominees for the Federal Reserve, including the renomination of Chairman Jerome Powell.

Former Treasury Secretary Larry Summers slammed the Federal Reserve Wednesday for being too timid in its fight against inflation.

Sarah Bloom Raskin, President Biden's embattled pick for the Federal Reserve's top banking regulator, withdrew her nomination on Tuesday, according to a source familiar with the matter, after Republicans and one key Democrat opposed her nomination.

Senate Minority Leader Mitch McConnell Tuesday said President Biden should "admit" his mistake and withdraw Fed nominee Sarah Bloom Raskin.

Rep. French Hill, R-Ark., slammed President Biden over his argument that rising prices in the United States have "nothing to do" with his administration’s policies.

The Biden administration on Monday said it will still push for the confirmation of controversial Federal Reserve Board nominee Sarah Bloom Raskin, despite a key Democratic senator pulling his support.

The Federal Reserve is expected to begin raising interest rates this week for the first time in three years as policymakers look to cool red-hot inflation, a move that comes at a precarious time for the U.S. economy as it confronts a continuing pandemic and a war in Europe.

Without Sen. Manchin's vote, Sarah Bloom Raskin will need at least one Republican to support her in order to be confirmed -- an unlikely prospect.

Americans' inflation fears skyrocketed again in February, with concerns over prices hitting the highest level in over a decade, according to a Federal Reserve Bank of New York survey published Monday.

With inflation reaching yet another new 40-year high in February, economists have begun to question the Fed's ability to bring it back down.

With job growth surging past expectations in February, experts have said it supports the Federal Reserve's decision to raise rates in March.

The U.S. job market remains red hot with a record number of open positions up for the taking.

Despite strong wage growth and a low unemployment rate, consumers are feeling the impacts of higher prices. The Fed is planning a March rate hike to address inflation, but it could impact personal loan rates.

Former Kansas City Federal Reserve President Thomas Hoenig argued that the world is in an “economic war” amid the conflict between Russia and Ukraine and that the United States and the West face “major challenges” ahead.

The euro extended its slide early Monday, hitting parity against the safe haven Swiss franc, and commodities of all stripes were on the rise as the Russian-Ukraine conflict showed no sign of cooling.

The U.S. manufacturing industry is on a hiring blitz as it combines traditional factory work with modernization.

Federal Reserve Chairman Jerome Powell told Congress on Wednesday that he plans on proposing a 25 basis point rate increase at the central bank's March meeting.

Inflation is sky-high at the national level, but regional inflation in some pockets of the nation is taking a bigger bite out of household budgets.

The U.S. economy appears to be rebounding fro Covid-19 amidst Russia's war against Ukraine.