Tue, 21-Oct-2025

Fed formally adopts investment rules for officials after outcry

fed

WASHINGTON: Top officials at the US Federal Reserve will be banned from holding individual stocks, bonds, cryptocurrencies and certain other investments under new rules adopted on Friday, after controversial trading activity led to high-profile resignations last year. Under the regulations adopted unanimously by the policy setting Federal Open Market Committee (FOMC), central bank leaders including … Read more

Fed sees rate hikes ‘sooner’ as inflation spikes

Fed sees

WASHINGTON: Federal Reserve officials last month were concerned about the Omicron impact, but believed the US economy had recovered enough from the pandemic downturn that interest rate hikes could come sooner than expected, according to minutes of the December meeting released Wednesday. The document provides a behind-the-scenes look at the deliberations of the Fed’s policy committee, … Read more