As Democrats Look to Tame Inflation, Economists Say It’s Up to Fed

As Democrats Look to Tame Inflation, Economists Say It’s Up to Fed

This post was originally published on this siteRapidly rising prices have spurred politicians to explore for the first time in years how much leverage they have.

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Biden set to nominate Sarah Bloom Raskin as Fed’s top banking regulator

Biden set to nominate Sarah Bloom Raskin as Fed’s top banking regulator

Biden set to nominate Sarah Bloom Raskin as Fed’s top banking regulator

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Powell pledges Fed will prevent inflation from becoming ‘entrenched’

Powell pledges Fed will prevent inflation from becoming ‘entrenched’

This post was originally published on this siteFed Chair Jerome Powell is vowing to prevent the inflation from becoming “entrenched,” as prices rise in the U.S.Powell will tell senators during his confirmation hearing, which begins at 10 a.m. on Tuesday, that the initial shutdown triggered…

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As Unemployment Falls, Interest Rate Increases Creep Nearer

As Unemployment Falls, Interest Rate Increases Creep Nearer

This post was originally published on this siteThe jobless rate is falling sharply and pay is jumping. That may increase the urgency as the Federal Reserve withdraws economic support.

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Washington grapples with how to expand crypto oversight

Washington grapples with how to expand crypto oversight

This post was originally published on this siteThe cryptocurrency explosion has forced Washington to adapt federal financial rules to a quickly growing and changing industry.Americans have poured billions of dollars into cryptocurrencies and a wide array of blockchain-based financial platforms…

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Fed Prepares Faster End to Stimulus, Making Earlier Rate Increases Possible

Fed Prepares Faster End to Stimulus, Making Earlier Rate Increases Possible

This post was originally published on this siteThe central bank has signaled a policy pivot that focuses more attention on inflation risks rather than employment shortfalls.

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Fed Set to Address Rising Inflation at Key Policy Meeting

Fed Set to Address Rising Inflation at Key Policy Meeting

This post was originally published on this siteIt is the first meeting since Chairman Jerome Powell said the Fed needed to shift its focus toward preventing higher inflation and away from fostering a rapid rebound in hiring from the pandemic.

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White House Considering Richard Cordray as Top Fed Banking Regulator

White House Considering Richard Cordray as Top Fed Banking Regulator

This post was originally published on this siteThe Ohio attorney served as the first confirmed director of the Consumer Financial Protection Bureau.

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Fed Nominations Leave Questions Over Regulation

Fed Nominations Leave Questions Over Regulation

This post was originally published on this sitePresident Biden’s decision to reappoint Jerome Powell and elevate governor Lael Brainard signals continuity on monetary policy but leaves open questions on the direction the central bank will take in regulating Wall Street.

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Jerome Powell nominated to stay as US Federal Reserve chair

Jerome Powell nominated to stay as US Federal Reserve chair

This post was originally published on this sitePresident Biden opts for continuity by nominating Jerome Powell to remain head of the central bank.

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