Inflation is moving in the wrong direction and the labor market remains stable, a combination that bolsters the case for higher interest rates.
Category: Jefferson, Philip N
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The Fed Is Expected to Hold Rates Steady. Warsh Will Have to Explain Why.
The New York Times – Business: -
Powell Suggests Interest Rates Could Stay High for a Longer Period
The Fed chair, along with the central bank’s No. 2 policymaker, stressed uncertainties over job growth and the persistence of elevated inflation.
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Investors Are Calling It: The Federal Reserve May Be Done Raising Rates
Investors doubt that central bankers will lift borrowing costs again following big market moves that are widely expected to cool growth.
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U.S. Economy’s Staying Power Poses Big Questions for the Fed
The Federal Reserve has been trying to slow growth without tanking it. Now, officials must ask if inflation can cool amid signs of resilience.
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Biden Taps Philip Jefferson and Adriana Kugler for Top Fed Jobs
President Biden announced his plan to nominate Adriana Kugler, an official at the World Bank, for a Fed governor job, while elevating Philip Jefferson to the role of vice chair.
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White House Considers Two Key Nominations at the Fed
Administration officials are considering Adriana Kugler, an official at the World Bank, for a Fed governor job, while elevating a sitting governor to the role of vice chair.