Jerome H. Powell, the Federal Reserve chair, thinks his central bank can defy history to clinch slower inflation and a soft economic landing.
Tag: Recession and Depression
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After Pandemic Rebound, U.S. Manufacturing Droops
Factories that roared out of the recession have stalled, hampering the economy, even as a new wave of production looms.
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Fed Will Decide Next Rate Move After Bank Jitters
The Federal Reserve will release a policy decision on Wednesday on the heels of another bank collapse.
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Late-Night Negotiating Frenzy Left First Republic in JPMorgan’s Control
The resolution of First Republic Bank came after a frantic night of deal making by government officials and executives at the country’s biggest bank.
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Wages Continue to Grow, Good for Workers but a Worry for the Fed
Wages and salaries for workers rose 5.1 percent from a year earlier, which helps employees keep up with the rising cost of living but complicates the Federal Reserve’s efforts to tamp down inflation.