Fed Chair Powell Says Defeating Inflation More Important Than Staving Off Recession... In a panel discussion with European bankers, Powell identified price stability as the biggest threat to the U.S. ...
Week In Review – June 27 2022
Fed Chair Powell Says Fed Efforts Might Push Economy into Recession... In testimony before the Senate Banking Committee, Powell said that it is getting harder to engineer a soft landing. What it ...
Week In Review – June 20 2022
Fed Raised Overnight Rate by 0.75% and Might Do it Again ... The central bankers raised the federal funds rate (FFR) from a range of 0.75%–1.00% to a range of 1.5%–1.75%. What it means— With ...
Week In Review – June 6 2022
The U.S. Economy Added 390,000 Jobs in May... The jobs growth beat the consensus estimate of 320,000. The unemployment rate remained steady at 3.6%. Weaker data may arrive soon as technology companies ...
Week In Review – May 24 2022
The Fed Is Willing To Push Unemployment Higher To Fight Inflation... In an interview with the Wall Street Journal, Fed Chair Powell reiterated that the central bank is committed to lowering inflation, ...