Federal Reserve

Counter Punch
View In: Federal ReserveLast Thursday, Jeanna Smialek, who reports on the Fed for the New York Times, broke the news that the President of the St. Louis Fed, James Bullard, gave a private, invitation-only briefing on October 14 to clients of Citigroup – a Wall Street megabank that is supervised by the Fed and which receive...

Truth Out
View In: Interest RatesWe can have a strong job market and lower inflation — and we don't need more painful interest rate hikes to do it.

World Socialist Web Site
View In: Interest RatesIt is significant that in his very short speech to the Jackson Hole conclave, Fed chair Jerome Powell made two references to former chair Paul Volcker whose high interest rate regime in the 1980s resulted in economic devastation for millions of workers.

The Guardian
View In: Interest RatesRobert Reich writes that the pricing power of corporations is pushing up inflation at the expense of those who are low incomeFriday at Jackson Hole, Wyoming, Federal Reserve chairperson Jerome Powell said the Fed must continue to raise interest rates, even though it will “bring some pain to household...

Common Dreams - Breaking News & Views for the Progressive Community
View In: Interest Rates“Fed Chair Powell is ready to throw workers under the bus to save the 'economy,'” said one expert. “But we are the economy.“

Popular Resistance
View In: Interest RatesThe chairman of the US Federal Reserve, Jerome Powell, said his goal is “to get wages down.” In a press conference on May 4, Powell announced that the Fed would be raising interest rates by half a percentage and implementing policies aimed at reducing inflation in the United States, which is at its highes...