#bnecon

Watch live coverage of a news conference with Federal Reserve Chair Jerome Powell. #Fed #Powell #WSJ

Watch live coverage of remarks from Federal Reserve Chair Jerome Powell at the Kansas City Fed’s Jackson Hole Economic Policy Symposium. #Fed #Powell #WSJ

The Federal Reserve’s interest rate continues to climb, reaching nearly 4% in November. But the average savings account’s interest rate is just 0.16%. Here’s how banks determine that rate — and which accounts are paying closer to the Fed’s. Illustra