'Woke' Fed risks losing control of inflation, says former Treasury Secretary Larry Summers
Former Treasury Secretary Larry Summers on Wednesday excoriated Federal Reserve policymakers for paying too much attention to social issues rather than a pandemic-induced inflation surge that's triggered wild increases in many consumer prices.
Fed worried about inflation risk as it firmed up tapering plan
Federal Reserve officials last month worried that disrupted supply chains were raising the risks of more persistent inflation.
Fed could begin tapering bond purchases by mid-November, meeting minutes show
Most Federal Reserve officials agreed last month they could begin slowing their aggressive bond-buying program as soon as November, the first step that policymakers will take to dialing back pandemic-era support for the U.S. economy.
Fed's Bostic warns inflation surge 'will not be brief' amid wild consumer price spikes
Atlanta Federal Reserve President Raphael Bostic warned Tuesday that a recent burst of inflation is unlikely to dissipate anytime soon as pandemic-driven supply constraints continue to trigger wild swings in consumer prices.
Average personal loan interest rates drop to lowest level of 2021, Fed reports
Personal loans can come with a range of rates depending on a borrower's creditworthiness. Here's how you can take advantage of low average personal loan rates.
Job openings, inflation data, JPMorgan earnings and Blue Origin liftoff top week ahead
JPMorgan Chase earnings, fresh inflation data, and another Blue Origin blast off lead the week ahead.
US adds 194K new jobs, missing projected gains - here's what that means for interest rates
The August jobs report shows the U.S. added 194,000 jobs. Here's why economists were disappointed, and what that means for interest rates.
White House offers muted backing for Fed Chair Powell amid fierce criticism from Warren
The White House expressed muted support for Federal Reserve Chair Jerome Powell on Tuesday, the same day Sen. Elizabeth Warren, D-Mass., ripped Powell in a scathing floor speech amid widening ethics concerns at the central bank.
Sharp rise in rates would hit stocks: Goldman Sachs
A sharp rise in rates would likely be needed to derail the stock market, according to Goldman Sachs.
Consumer spending accelerates as Fed's inflation measure hits fresh 30-year high
Consumer spending rebounded in August as Americans hit the stores.
Fed's Powell pledges diversity focus in filling reserve bank openings
U.S. Federal Reserve Chair Jerome Powell on Thursday promised to redouble efforts to find "diverse candidates" to replace two high-profile officials who resigned this week after criticism of their securities trading, as the central bank tried to regroup from a blow to its typically staid, technocratic image.
Inflation may remain elevated, says White House economic adviser
Inflation may stick around longer than White House officials are forecasting, Jared Bernstein says.
Dow slides 569 points, tech-heavy Nasdaq tumbles as Treasury yields spike
U.S. stock indexes tumbled Tuesday as consumer confidence slumped to a seven-month low and Federal Reserve Chairman Jerome Powell expressed concerns over inflation.
Millions of Americans fear missing debt payments, NY Fed reports: How to manage your debt
A new report from the NY Fed found that 9.6% of Americans fear they might miss a debt payment in the next few months. Here's how you can get your debt under control.
Boston Fed chief Rosengren to retire early due to health concerns
Boston Fed President Eric Rosengren will retire at the end of September due to health concerns.
Powell, Yellen testify, government shutdown deadline, GDP & Amazon event top week ahead
In the week ahead, the deadline to avert a government shutdown looms as Fed Chair Powell and Treasury Secretary Yellen head to Capitol Hill. Investors are also waiting on Warby Parker’s IPO and Amazon’s hardware update.
Fed keeps interest rates at 0%, but eyes 2022 rate hike
The Federal Reserve moved up its timeline to decrease interest rates to next year. Here's how to take advantage of low rates now.
Fed's Powell says coronavirus recession, recovery 'without modern precedent'
Federal Reserve Chairman Jerome Powell said Friday the pandemic-induced recession – one of the sharpest, but shortest, downturns in history – and the subsequent recovery are unprecedented.
Wall Street eyes four more years for Powell at Fed
Federal Reserve Chairman Jerome Powell remains favored for renomination by the White House, and if recent history repeats itself a decision may come at any time before the central bank meets again in early November.
Fed officials see ‘transitory’ inflation lasting quite a while
All year the Federal Reserve’s message on inflation has been consistent: This year’s surge is transitory, and inflation will soon return close to the central bank’s 2% target.

















