Fed to taper bond purchases by $15B a month as it unwinds pandemic-era stimulus
The Federal Reserve on Wednesday announced plans to begin slowing its aggressive bond-buying program by $15 billion a month, the first step that policymakers will take in reversing a historic level of stimulus for the U.S. economy.
Fed poised to start unwinding pandemic-era policy with inflation at 30-year high
Federal Reserve officials on Wednesday are expected to lay out plans to begin slowing their aggressive bond-buying program as soon as this month, the first step that policymakers will take in dialing back pandemic-era support for the U.S. economy.
Biden still undecided on renominating Jerome Powell as Fed chief
President Biden on Tuesday declined to say whether he planned to renominate Jerome Powell as chairman of the Federal Reserve as surging inflation and a worsening labor shortage weigh on the economy's recovery from the coronavirus pandemic.
Fed decision, jobs report, CVS Health earnings top week ahead
The Federal Reserve releases its decision on interest rates and likely an update on inflation Wednesday.
Treasury Secretary Janet Yellen's inflation U-turn
Treasury Secretary Janet Yellen's inflation views keep changing.
Federal Reserve Chair Powell's renomination may or may not happen, Sen. Sherrod Brown says
Federal Reserve Chair Jerome Powell’s future as head of the central bank remains in doubt this week, with Senate Banking Committee Chair Sherrod Brown, D-Ohio, noting Powell may or may not be re-nominated when President Biden unveils his Fed nominees in the coming days.
Considering refinancing? Here's why you should lock in your mortgage rate before Nov. 2
Federal Reserve policies have an indirect impact on mortgage rates. Ahead of the Fed's upcoming meeting in November, consider locking in a low rate for your mortgage purchase or refinance.
Larry Summers, Janet Yellen clash over inflation fears
Former Obama administration economic adviser Larry Summers fired back at Treasury Secretary Janet Yellen on Monday after she argued he was “wrong” to suggest the country faced a risk of out-of-control inflation.
Fed prepares to begin tapering asset purchases as inflation surges
Federal Reserve officials are poised to start slowing their aggressive bond-buying program in November, the first step in dialing back pandemic-era support for the U.S. economy.
Stephen Moore: Gas prices will reach $5 per gallon soon
Economist Stephen Moore discussed his outlook for inflation and energy prices.
Fannie Mae again lowers economic growth outlook: What it means for interest rates
Fannie Mae lowered its economic growth forecast for the third consecutive month amid supply chain disruptions and rising inflation. Here's what it means for interest rates.
Fed lays out new trading rules for policymakers, senior staff
The Federal Reserve on Thursday announced sweeping new trading rules for policymakers and senior staff in order to prevent the appearance of a conflict of interest.
Fed report shows wage pressures amid 'modest to moderate' economic growth
U.S. employers reported significant increases in prices and wages even as economic growth decelerated to a "modest to moderate" pace in September and early October, the Federal Reserve said on Wednesday in its latest compendium of reports about the economy.
Supply chain snarls, labor shortage slowing economic growth, Fed's Beige Book says
U.S. economic growth slowed in the fall as supply chain disruptions and a growing labor shortage weighed on the nation's recovery from the coronavirus pandemic, according to a new Federal Reserve report.
Soaring used car prices suggest inflation headwinds to intensify
Surging used-vehicle prices suggest inflation will strengthen in early 2022.
Fed to wait until 2023 to raise rates, but there is risk of earlier hike
The Federal Reserve will wait until 2023 before raising interest rates, according to a majority of economists in a Reuters poll who nonetheless said the greater risk for the U.S. economy was persistently higher inflation over the coming year.
Inflation will ‘undermine’ US economy, growth over time: Thomas Hoenig
Former Kansas City Fed President Thomas Hoenig weighed in on inflation and economic growth in America.
Fed's Powell sold up to $5M in stock in 2020 before market tanked
Federal Reserve Chairman Jerome Powell sold up to $5 million worth of stock last October, according to a new financial disclosure form, shortly before the Dow Jones Industrial Average cratered.
Mortgage interest rates to begin trending up: MBA forecast
The Mortgage Bankers Association said interest rates will not continue to drop, and today's high inflation is not transitory in its economic outlook released at its annual conference.
Jerome Powell renomination for Fed chair backed by key Republican senators
Support for the potential renomination of Jerome Powell as chairman of the Federal Reserve is growing among key Senate Republicans, who have indicated they could help him earn a second term to lead the central bank despite fierce criticism from progressive lawmakers.


















