Fed leaves its benchmark interest rate unchanged
The Federal Open Market Committee approved the following statement for release by a 10 – 2 vote: The Committee decided
Read more
Federal Reserve
The Fed just raised rates for the first time since 2023. What might that mean for consumers?
Financial analysts agree that Wednesday’s unanimous decision by the central bank’s FOMC (Federal Open Market Committee) to raise rates by 0.25 points-the first rate increase since 2023-will have an impact on borrowing costs.
Read more
Fed raises key benchmark interest rate 0.25 points, marking first rate increase in three years
The Committee decided to raise the target range for the federal funds rate by 1/4 percentage point to 3-3/4 to 4 percent, in support of the Federal Reserve’s dual mandate. The Committee is continuing its policy of maintaining ample reserves in the banking system.
Read more
Harris campaign may benefit from the Fed’s large rate cut, analysts say
The campaign of Vice President Kamala Harris stands to benefit from the Federal Reserve Board’s recent decision to slash it’s benchmark interest rate by half a percentage point, analysts said.
Read more
Missing the Point – An Op/Ed ‘Mini’ for Fed Chairman Jerome Powell
It’s better to struggle every day to afford some things because they’re too pricy than to be unemployed and unable to afford anything!!
Read more
Missing the Point – The Fed ‘Committee’ we need to do something about
Increasing interest rates is making matters worse and hurting the real families who, collectively, comprise the economy we’re always talking about. What can we do about it? Congress needs to modify the language of the Fed’s independent agency status and rescind the Fed’s authority to make economic policy outside of representative government. Take the Fed out of business of fighting inflation.
Read more
Who Do You Blame for the Poor Economy?
Presidents tend to get both the credit and the blame for a wide range of issues that are largely beyond their control such as the employment rate and wage and price variations. But what about Congress? Or what about that lesser known entity, the Federal Reserve?
Read more130,000 jobs added in August, unemployment rate remains unchanged: report
WASHINGTON – In August 34,000 fewer jobs were added to the U.S. economy than in the previous month and the national
Read more
Fed decides to keep interest rates at current level
WASHINGTON – The Federal Reserve decided Wednesday to keep interest rates at the current level, the central bank’s Federal Open Market
Read more
Poll: 51% of Americans have a favorable opinion of the Fed
WASHINGTON – A majority of Americans have a favorable opinion of the Federal Reserve Board, according to a poll released
Read more