Now under arrest, the fallen crypto mogul faces a barrage of charges, including defrauding investors out of billions.
Category: Federal Reserve System
-
FTX Founder Sam Bankman-Fried’s “House of Cards” Teeters
The New York Times – Business: -
Inflation Forecasts Were Wrong Last Year. Should We Believe Them Now?
The New York Times – Business:Economists misjudged how much staying power inflation would have. Next year could be better — but there’s ample room for humility.
-
The Week in Business: Labor Actions Sweep Britain
The New York Times – Business:The national average gasoline price has fallen to where it was a year ago. China’s economy is not expected to bounce back quickly, as it rolls back “zero Covid” policies. And the Fed meets.
-
Biden Loves the Jobs Report, but the Fed Likely Does Not
The New York Times – Business:The president is celebrating a jobs engine that is running hot; Federal Reserve officials want to see more signs of slowing growth amid their campaign to tame inflation.
-
U.S. Job Growth Remains Strong, Defying Fed’s Rate Strategy
The New York Times – Business:Employers added 263,000 workers in November, even as some industries showed signs of a slowdown. Wage growth exceeded expectations.
-
U.S. employers added 263,000 jobs in November, the latest sign of the economy’s strength.
The New York Times – Business:The Labor Department report gauged the impact of the Federal Reserve’s campaign to tame inflation by tamping down hiring.
-
State Tax Cut Policies Prop Up Income, Fanning Inflation Worries
The New York Times – Business:Efforts around the country to ease the pain of rising prices have given consumers more money to spend, which could paradoxically further drive up prices.
-
Economist Austan Goolsbee Is Named to Lead the Chicago Fed
The New York Times – Business:A longtime University of Chicago economist who served in the Obama White House will be president of one of the Fed’s 12 regional districts.
-
Consumers Kept Up Their Spending in October, Even as Prices Rose
The New York Times – Business:Consumption climbed and personal income rose, even after accounting for inflation, new data from the Commerce Department showed.
-
The Fed’s Preferred Inflation Gauge Slowed in October
The New York Times – Business:A measure of inflation that the Fed watches most closely is showing signs of moderation, though price gains still remain too fast for comfort.
-
Powell says that rates will rise more and remain high ‘for some time.’
The New York Times – Business:The Federal Reserve chair said the central bank will keep lifting rates to control price increases, and played down a recent cooling in inflation.