#powellcongress

The Federal Reserve on Wednesday raised benchmark interest rates by another three-quarters of a percentage point and indicated it will keep hiking well above the current level. In its quest to bring down inflation running near its highest levels since the

The Federal Reserve on Wednesday enacted its second consecutive 0.75 percentage point interest rate increase as it seeks to tamp down runaway inflation without creating a recession. In taking the benchmark overnight borrowing rate up to a range of 2.25%-2

Federal Reserve Chairman Jerome Powell speaks Wednesday to a European Central Bank forum on central banking. The Fed and its global counterparts have been in a race to bring down inflation running at its highest level in decades not only in the U.S. bu

Federal Reserve Chairman Jerome Powell holds a news conference following a meeting of the Federal Open Market Committee. The Fed is set to conclude its two-day policy meeting Wednesday and make an announcement in the afternoon. The central bank is not