Federal Reserve

Fed Drops Hammer With 75-Point Hike

June 15th, 2022
Through the early months of this year, Fed Chair Jerome Powell, Treasury Secretary Janet Yellen and a broad swath of economists insisted that inflation had plateaued—or soon would—offering hope that a steady increase in interest rates this year could guide...

Fed Makes Another ‘Unusually Large Increase’ in Interest Rates

July 28th, 2022
There was a time last year when the term “transitory” was commonly used when federal officials discussed elevated inflation. That has proven somewhat of a misnomer in recent months as inflation has climbed, and officials have raced to reel things...
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