Pay gains picked up last month, the opposite of what Federal Reserve officials are hoping for as they try to cool inflation.
Tag: Powell, Jerome H
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Powell Bets the Fed Can Slow Inflation Despite Recession Fears
Jerome H. Powell, the Federal Reserve chair, thinks his central bank can defy history to clinch slower inflation and a soft economic landing.
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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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Markets Expect Fed to Raise Rates Despite Bank Turmoil
A ‘shock pause’ by the central bank would spook an already jittery market, one analyst said, even as shares in regional lenders fall.