The Federal Reserve may need to push its benchmark policy rate above 4.75 percent if underlying inflation does not stop rising, Minneapolis Federal Reserve Bank President Neel Kashkari said on Tuesday. “I’ve said publicly that I could easily see us getting into the mid-4%s early next year,” Kashkari said at a panel at the Women…
The Fed Knows What To Do, But There’s a Difficult Road Ahead
Commentary High inflation has harassed the world for over a year. It’s troubling that although the financial market has come down significantly, against a backdrop of aggressive interest rate hikes, the latest economic figures show that a recession is not imminent–especially as both non-farm payroll and unemployment rates are still very healthy. This means that…
Fed’s Brainard Says Rates to Stay Restrictive, but Attentive to Risks
CHICAGO—The U.S. Federal Reserve is clear on the need for restrictive monetary policy to lower inflation, Fed Vice Chair Lael Brainard said on Monday, but the path and pace of rate increases will remain “data-dependent” as the central bank monitors the economy and the evolution of domestic and global risks. In prepared remarks and responses…
What Friday’s Jobs Report Means for Fed’s Inflation Fight
WASHINGTON—For most Americans, Friday’s September jobs report was welcome news: Businesses kept hiring at a brisk pace, unemployment fell back to a half-century low and average pay rose. Yet for the Federal Reserve, the jobs figures highlight how little progress they’re making in their fight against inflation. With the Fed more likely to keep raising…
Fed’s Evans: Rates Headed to 4.5 Percent–4.75 Percent by Spring of 2023
CHICAGO—Chicago Federal Reserve Bank President Charles Evans on Thursday said the U.S. central bank’s policy rate is likely headed to 4.5 percent–4.75 percent by the spring of 2023 as the Fed increases borrowing costs to bring down too-high inflation. “We have further to go” on rate hikes, Evans said at an annual meeting of the…
Fed’s Bostic Says Inflation Fight ‘Still in Early Days’
WASHINGTON—The U.S. Federal Reserve’s fight against inflation is likely “still in early days,” Atlanta Fed president Raphael Bostic said Wednesday, becoming the latest U.S. central banker to caution against the likelihood rates would be reduced in response to any weakening of the economy. Despite “glimmers of hope” in recent data, Bostic said “the overarching message…
Fed Agencies Censored News Outlets on ‘List’; UN Says It ‘Owns the Science’
The Biden administration has built a censorship machine that is targeting news outlets including The Epoch Times, as well as Just the News, New York Post, Fox News, Washington Examiner, and others. The censorship system involves tech platforms that are consulting with federal government agencies. Meanwhile, Melissa Fleming, the U.N.’s under-secretary-general for Global Communications, has…
Ministry of Truth? Fed Report Exposes Media ‘Blacklist’; UN Says It ‘Owns the Science’
The Biden administration has built a censorship machine that is targeting news outlets including The Epoch Times, as well as Just the News, New York Post, Fox News, Washington Examiner, and others. The censorship system involves tech platforms that are consulting with federal government agencies. Meanwhile, Melissa Fleming, the U.N.’s under-secretary-general for Global Communications, has…
LIVE 10:30 AM ET: Fed Agencies Censored News Outlets on ‘List’; UN Says It ‘Owns the Science’
The Biden administration has built a censorship machine that is targeting news outlets including The Epoch Times, as well as Just the News, New York Post, Fox News, Washington Examiner, and others. The censorship system involves tech platforms that are consulting with federal government agencies. Meanwhile, Melissa Fleming, the U.N.’s under-secretary-general for Global Communications, has…
LIVE: Fed Agencies Censored News Outlets on ‘List’; UN Says It ‘Owns the Science’
The Biden administration has built a censorship machine that is targeting news outlets including The Epoch Times, as well as Just the News, New York Post, Fox News, Washington Examiner, and others. The censorship system involves tech platforms that are consulting with federal government agencies. Meanwhile, Melissa Fleming, the U.N.’s under-secretary-general for Global Communications, has…
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