WASHINGTON: Federal Reserve Chair Jerome Powell will highlight the central bank’s efforts to fight inflation and stabilise the US economy at his confirmation hearing, according to testimony released on Monday. However, the Republican will likely also face questions about his ethics from a Democratic senator, after a media report raised further questions over whether a Fed … Read more
WASHINGTON: With inflation expected to remain high for some time, the US central bank is likely to raise interest rates soon after it ends its bond-buying programme in March, a Federal Reserve board member said on Friday. The Fed earlier this week announced it will accelerate the end to its stimulus programme after inflation last month … Read more
WASHINGTON: Delays and price hikes are anticipated in the United States for holiday merchandise, a Federal Reserve official has warned, calling for more to be done to boost the workforce. “Right now, we see consumers trying to get out early and spend their money to get their goods before they run out,” Mary Daly, head of … Read more
