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Tag: Federal Reserve System
Why Critics Fear the Fed’s Policy Shift May Prove Late and Abrupt
That caused the Fed to change course late last year — and to do so fairly abruptly.“Inflation really popped up…
Rapid Inflation Fuels Debate Over What’s to Blame: Pandemic or Policy
The price increases bedeviling consumers, businesses and policymakers worldwide have prompted a heated debate in Washington about how much of…
Stock Markets Off to Worst Start Since 2016 as Fed Fights Inflation
After falling for a fourth day in a row on Friday, the stock market suffered its worst week in nearly…
Biden Will Nominate Three New Fed Officials
President Biden plans to nominate three new Federal Reserve officials as he seeks to remake the central bank at a…
CPI December 2021: Inflation Jumped at Fastest Pace Since 1982
Inflation climbed to its highest level in 40 years at the end of 2021, a troubling development for President Biden…
Jerome Powell Says Fed Is Prepared to Raise Rates to Tame Inflation
Jerome H. Powell, the Federal Reserve chair, told lawmakers on Tuesday that a rapidly healing economy no longer needed as…