Tag: Jerome Powell
US National Debt Surpasses $35 Trillion, Servicing it Now Second-largest Budget Item
On July 29, for the first time in history, the U.S. national debt surpassed $35 trillion and servicing...
Federal Reserve Somewhat Confident Inflation Is Returning to Normal Levels, Interest Rate Cut May Be
According to recent comments by Federal Reserve chair Jerome Powell, key U.S. inflation readings measured...
Federal Reserve Hikes Interest Rates to Highest Level Since 2001
On July 26 (Wednesday), the U.S. Federal Reserve raised interest rates by 25 basis points. It’s the 11th...
Global Economy Bets on China Learning to Live With COVID-19: Analysis
Those who believe the world economy can avoid the hardest of landings next year are watching China closely...
Oil Prices Ease 1% as Dollar Firms and Central Banks Hike Interest Rates
Oil prices eased about 1 percent on Thursday as traders worried about the fuel demand outlook due to...
American Economy Could Be Headed Toward 1970s-Style Stagflation, Warns Economist
The United States is grappling with the highest levels of inflation in over thirty years. The Consumer...
NY Fed Survey Reveals Inflation Expectations at Record Levels, Living Expenses Shoot Up
In its latest monthly survey, the Federal Reserve Bank of New York revealed that the short-term inflation...
Federal Reserve to Begin Reducing Bond Purchases Beginning This Month
In a step towards withdrawing the massive support it has been providing to the financial markets and...
Fed Chair Powell Avoids a Stance on Biden’s $1.9 Trillion Pandemic Aid
Federal Reserve Chair Jerome Powell declined to take a stance on President Biden’s proposed $1.9 trillion...