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Two more U.S. interest-rate hikes this year is a "very reasonable" projection, San Francisco Federal Reserve Bank President Mary Daly said, but given how fast rates have risen already and how close they are to where they probably need to be, it's better to move more slowly and carefully than before. → Read More
Two Federal Reserve policymakers and an economist nominated to join them on the Fed's Washington-based board on Tuesday said their focus is on bringing down too-high inflation so that the U.S. economy can get back to sustainable growth. → Read More
Federal Reserve officials including the vice chair-designate pointed towards a rate hike "skip" in June, prompting a quick reversal of market expectations for another hike as the U.S. central bank weighed the value of caution against still strong inflation data. → Read More
U.S. economic activity appeared to stall in recent weeks, a Federal Reserve report published on Wednesday showed, with job growth and inflation both slowing, and near-term business prospects looking slightly worse than previously. → Read More
Chicago Federal Reserve Bank President Austan Goolsbee on Sunday welcomed news of a deal to suspend the U.S. debt ceiling, saying failure to forge an agreement would be "extremely negative" for the financial system and broader economy. → Read More
Federal Reserve policymakers got a dose of unexpectedly strong U.S. economic data on Friday that bolstered the case for further monetary policy tightening to bring down persistently high inflation. → Read More
The former chief executive of Silicon Valley Bank defended the U.S. lender's efforts to manage risk in his first public comments after the bank's shock collapse, as regulators promised better supervision to prevent more such failures. → Read More
The Federal Reserve is getting interest rates closer to where they need to be to win the battle against inflation, a pair of U.S. central bankers said on Friday, though neither gave a clear signal on whether they feel they have reached that point. → Read More
Credit conditions for U.S. business and households continued tightening in the first months of the year, according to a Federal Reserve survey of bank loan officers, but the results seemed to mark the accumulating impact of Fed monetary tightening rather than the cliff-like decline in credit some feared after the March collapse of Silicon Valley Bank. → Read More
A government report Friday showing the U.S. labor market is still running strong appeared to ratify the Federal Reserve's decision this week to tighten monetary policy, but traders continued to bet the central bank's next move will be an interest-rate cut. → Read More
A fight between Republicans and Democrats over the debt limit ceiling could send the U.S. economy into a recession even if the standoff doesn't actually trigger a debt default, analysts say - and a much worse downturn with perhaps 7.5 million people thrown out of work if it does. → Read More
A key U.S. banking regulator on Monday laid out a range of options for reforming the federal deposit insurance system and concluded that significantly increasing the backstop for bank accounts used for business purposes was the "most promising." → Read More
U.S. regulators on Friday put large banks on notice that tougher oversight is coming, after the Federal Reserve and Federal Deposit Insurance Corp issued detailed reports on what went wrong and where their supervisors came up short in the run-up to the two biggest bank failures since the Great Financial Crisis. → Read More
The Federal Reserve is seen raising its benchmark rate a quarter of a percentage point next week and again in May, as a government report showed U.S. inflation remained high in February, and concerns of a long-lasting banking crisis eased. → Read More
The Federal Reserve may have less reason to raise interest rates as sharply or as high as earlier thought after a government report Friday rekindled hopes of easing inflation amid signs the pandemic-disrupted labor market is normalizing. → Read More
Federal Reserve Chair Jerome Powell on Tuesday foreshadowed key elements of the central bank's upcoming rate-setting meeting: A half-point increase is on the table and updated policymaker forecasts are likely to feature a high point for rates above the 5.1% in their last projections in December. → Read More
A virtual event with Federal Reserve Governor Christopher Waller was canceled on Thursday after the Zoom video conference was "hijacked" by a participant who displayed pornographic images. → Read More
A string of "hot" data may force the U.S. central bank to raise rates higher than the 5.1%-5.4% range projected by the majority of Federal Reserve policymakers as recently as December, Fed Governor Christopher Waller said on Thursday → Read More
Expectations that the U.S. Federal Reserve will need to push interest rates higher and keep them elevated longer than previously projected rose on Friday after data showed a key inflation gauge accelerated last month. → Read More
The Federal Reserve will need to keep gradually raising interest rates to beat inflation, three U.S. central bank officials said on Tuesday, as two of them indicated that borrowing costs may ultimately need to go higher than is now widely expected. → Read More