Tag: Fed

LIVE 10/05, at 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…


Interest Rates Will Go Higher

Commentary Financial markets sank when the Federal Reserve (Fed) added 0.75 percentage points to its benchmark federal funds rate on Sept. 21. Markets, having anticipated just this rate increase, responded less to it than to what Fed Chairman Jerome Powell promised for the future. He not only indicated additional rate hikes, but revealed how ready…


Federal’s Daly, Do Not Want to Tip Economy Into Downturn

San Francisco Federal Reserve Bank President Mary Daly said on Tuesday that the U.S. central bank is “resolute” about bringing down high inflation but also wants to do so “as gently as possible” so as not to drive the economy into a downturn. It is important, Daly said at a symposium held jointly with the…


Fed’s Evans Sees Interest Rates Peaking at 4.50–4.75 Percent

The U.S. Federal Reserve will need to raise interest rates to a range between 4.50 percent and 4.75 percent, Chicago Fed President Charles Evans said on Tuesday, a more aggressive stance than he has previously embraced that underscores the central bank’s hardening resolve to quash excessively high inflation. Evans also said that he does not…


Fed Officials Stare Down Markets, Say Inflation Is Top Focus

WASHINGTON—U.S. Federal Reserve officials on Monday sloughed off rising volatility in global markets, from slumping U.S. stocks to currency turbulence abroad, and said their priority remained controlling domestic inflation. “There are interactions there,” Cleveland Fed President Loretta Mester said, noting that financial market volatility can affect investor decisions and the value of the dollar does…


Fed Can Avoid ‘Deep Pain’ in Inflation Fight, Atlanta Fed President Says

WASHINGTON—Atlanta Federal Reserve President Raphael Bostic said on Sunday he still believes the U.S. central bank can tame inflation without substantial job losses given the economy’s continued momentum. “If you look over history … there is a really good chance that if we have job losses it will be smaller” than in past slowdowns, Bostic…


East and West Diverge on Monetary Policy

Commentary Inflation has forced Western central banks to raise interest rates, but in Asia, China has taken the opposite tack. All the central bankers—East and West—worry over a recession. Still, the lessons of the last great inflation of the 1970s and 1980s have convinced the Federal Reserve (Fed), the European Central Bank (ECB), and other…


Mixed Stats Muddy the Waters

Commentary For all the debate over and ambiguity in recent statistics, the U.S. economy can only be described as weak. Economic pessimists claim it is already in recession, pointing to the last two consecutive quarters of declining real gross domestic product (GDP). The White House and members of the Democratic Party are, for obvious political…


Fed Paid Banks, Funds $11 Billion in August

The Federal Reserve paid out nearly $11 billion to banks and money market funds in August just for keeping the cash of theirs and their clients parked at the Fed. The central bank is using this method to discourage lending at rates it considers too low. As it raises the rates to counter inflation, though,…


Fed’s Logan: Restoring Price Stability Is No. 1 Priority

Lorie Logan started her new job as president of the Federal Reserve Bank of Dallas just over a week ago, but on Wednesday lost no time making clear she is ready to jump in alongside her fellow U.S. central bankers to fight inflation. “Being president of the Dallas Fed and as a policymaker, our number…