Tag: federal reserve

Why the Fed is pushing unemployment higher

Federal Reserve Chairman Jerome Powell said Wednesday it will be almost impossible for the central bank to beat inflation without hundreds of thousands of Americans losing their jobs.  Fed officials expect the unemployment rate to rise to 4.4 percent next year, up from 3.7 percent in August, as they jack up borrowing costs and slow […]

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Watch live: Powell delivers keynote address on economy from Jackson Hole

[embedded content] Affidavit suggests ‘some of our most sensitive intelligence’ mishandled: Senate Intel chair Sanders has highest favorability among possible 2024 contenders: poll Federal Reserve Chairman Jerome Powell on Friday will deliver a keynote address from the economic symposium in Jackson, Wyo. The event is scheduled to begin at 10 a.m. ET. Watch the live video […]

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Warren: Fed chief threatening ‘surprisingly strong economic recovery’

Sen. Elizabeth Warren (D-Mass.) writes in a new op-ed that Federal Reserve Chairman Jerome Powell’s efforts to control inflation risk “triggering a devastating recession” and jeopardizing the country’s “surprisingly strong” post-pandemic economic recovery.  “Rising costs are an urgent problem, and interest rates play a key role in maintaining price stability. But urgency is no excuse […]

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Why the US housing shortage is likely to get worse

Rising interest rates and economic headwinds are making it harder for the U.S. to fill a severe shortage of affordable housing, and the problem is likely going to get worse.   The Federal Reserve has been working for months to stanch the sting of inflation by raising rates and slowing the housing market. Home sales and […]

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