Federal Reserve Chief Jerome Powell has expressed concern about the mounting U.S. national debt. Testifying to a Congress Banking Committee, he said the federal government is moving on an unsustainable fiscal path leading to the escalation of debt as a percentage of the GDP.
The policy of both jacking up interest rates and pulling a massive amount of liquidity out at the same time is an absurd policy design, said Mike Cosgrove, principal at Econoclast.
Majority analysts polled by International Business Times expected a rate hike in the December meeting, but saw the Fed cutting back on the number of rate hikes next year.
A stock sell-off, rising trade tension with China, slower global growth and verbal pressure from the White House are unlikely to dent the U.S. Federal Reserve's rate hike plans in an economy performing in line with the central bank's forecasts.
Donald Trump on Tuesday again criticized the Federal Reserve, telling reporters the central bank is going too fast in raising rates when inflation is minimal and government data points to a strong economy.
Emerging markets were “as prepared as they can be” for changes to U.S. monetary policy as the Federal Reserve had been as “transparent” as possible, St. Louis Federal Reserve Bank President James Bullard said in Singapore on Monday.
The U.S. Federal Reserve raised interest rates on Wednesday and left intact its plans to steadily tighten monetary policy, as it forecast that the country's economy would enjoy at least three more years of growth.
All economists polled by International Business Times expect the U.S. Federal Reserve to raise its benchmark Fed Funds Rate by 25 basis points to 2.0-2.25 percent.
The U.S. Federal Reserve's practice of normalizing interest rates and running quantitative tightening at the same time will end badly for the U.S. economy and equity markets.
The Federal Reserve’s steady interest rate hikes are the best way to protect the U.S. economic recovery and keep job growth as strong as possible and inflation under control, Fed Chair Jerome Powell said on Friday in a high-profile endorsement of the central bank’s current approach to policy.
The Fed in June raised rates for a second time this year, marking the seventh time it has hiked rates since late 2015. It is widely expected to hike rates again when it next meets in September.
The Federal Reserve could raise interest rates again in September if a robust economy helps the labor market weather trade tensions.
Trump said he was concerned about the potential impact on the U.S. economy and American corporate competitiveness from rising rates and a stronger dollar.
Federal Reserve Chairman Jerome Powell, discounting the risk that a trade war may throw a global recovery off track, said the economy is on the cusp of “several years” where the job market remains strong and inflation stays around the Fed’s 2 percent target.
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The Federal Reserve has another way of raising interest rates that receives far less attention.
U.S. prosecutors are reportedly building a case that would target Chinese middlemen who allegedly helped the reclusive East Asian nation organize the multimillion-dollar theft.
Minorities and women hold disproportionately larger amounts of debt, and therefore will be substantially impacted by a rise in interest rates.
The dollar index took a nosedive, but major stock indexes shot up in the wake of Fed Chair Janet Yellen's announcement.
The smart money is on a rate increase in light of recent economic data.
Friday's report for the first full month of the Trump presidency is the final piece of economic news the Federal Reserve needs to decide on a rate hike.
Yellen told the audience that the central bank predicted "the evolution of the economy to warrant further gradual increases in the target range for the federal funds rate."