The president is celebrating a jobs engine that is running hot; Federal Reserve officials want to see more signs of slowing growth amid their campaign to tame inflation.
Tag: Federal Reserve System
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U.S. Job Growth Remains Strong, Defying Fed’s Rate Strategy
Employers added 263,000 workers in November, even as some industries showed signs of a slowdown. Wage growth exceeded expectations.
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Powell says that rates will rise more and remain high ‘for some time.’
The Federal Reserve chair said the central bank will keep lifting rates to control price increases, and played down a recent cooling in inflation.
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Markets Rise as Powell Signals Slowdown in Pace of Rate Increases
In his final public remarks before a crucial Federal Reserve meeting, the central bank’s chair said the time to moderate rate increases could come as soon as December.
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Markets Rise as Powell Signals Slowdown in Pace of Rate Increases
In his final public remarks before a crucial Fed meeting, the central bank’s chair said the time to moderate rate increases could come as soon as December.