Jerome H. Powell, the Federal Reserve chair, thinks his central bank can defy history to clinch slower inflation and a soft economic landing.
Tag: Federal Reserve System
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Fed Raises Interest Rates But Hints at Future Pause
The Fed raised rates by a quarter point, bringing them above 5 percent for the first time in more than 15 years.
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Debt Ceiling Standoff Is a New Headwind for the Fed
The central bank must consider how looming U.S. default could impact the economy as it makes a decision on raising interest rates.
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What Fed Rate Increases Mean for Mortgages, Credit Cards and More
Savers will benefit and borrowers can expect to pay more on credit cards, student loans and other forms of debt.