Tag: Jerome Powell

Ordinary Americans Are Freaked Out About Inflation. The Federal Reserve? Not So Much.

If you go by the PCE instead of the CPI, the disparity is less dramatic; the proportion of people who judge inflation the most urgent issue has risen more than twice as fast (9 points) as the inflation rate (3.924 points), and the core inflation rate (3.387 points). But voters are still worrying about inflation […]

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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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Where Are Legislators in the Fight Against Inflation?

Claudia: There is a long list. One that has a particular urgency would be energy policy. The price of gasoline has doubled since before the pandemic, and it has risen $1.50 in the last three months since Putin invaded Ukraine. That is a massive change in a very short period of time. That creates a […]

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