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Saturday, June 25, 2022

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Powell tells Congress the Fed is ‘strongly committed’ to bringing down inflation

Jerome Powell, chairman of the US Federal Reserve, arrives to a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, D.C., U.S., on Wednesday, June 22, 2022.Ting Shen | Bloomberg | Getty ImagesFederal Reserve Chairman Jerome Powe...

Here are the three things the Fed has done wrong, and what it still isn’t getting right

The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., June 14, 2022.Sarah Silbiger | ReutersAfter years of being a beacon for financial markets, the Federal Reserve suddenly finds itself second-guessed as it...

Fed promises ‘unconditional’ approach to taking down inflation in report to Congress

U.S. Federal Reserve Board Chairman Jerome Powell takes questions after the Federal Reserve raised its target interest rate by three-quarters of a percentage point to stem a disruptive surge in inflation, during a news conference following a two-day me...

Everyone knows inflation is on fire. This is what’s really fueling it

Meat is seen in a supermarket as rising inflation affects consumer prices in Los Angeles, California, June 13, 2022.Lucy Nicholson | ReutersInflation doesn't just happen at the gas pump and the grocery store. There are literally hundreds of avenues tha...

Inflation rose 8.6% in May, highest since 1981

Inflation accelerated further in May, with prices rising 8.6% from a year ago for the fastest increase since December 1981, the Bureau of Labor Statistics reported Friday.The consumer price index, a wide-ranging measure of goods and services prices, in...

Fed GDP tracker shows the economy could be on the brink of a recession

Federal Reserve Chairman Jerome Powell testifies during the House Financial Services Committee hearing titled Monetary Policy and the State of the Economy, in Rayburn Building on Wednesday, March 2, 2022.Tom Williams | CQ-roll Call, Inc. | Getty Images...

Fed Vice Chair Lael Brainard says it’s ‘very hard to see the case’ for the Fed pausing rate hikes

Federal Reserve Vice Chair Lael Brainard said Thursday that it's unlikely the central bank will be taking a break from its current rate-hiking cycle anytime soon.Though she stressed that Fed policymakers will remain data-dependent, Brainard said the mo...

Job openings show sharp decline, but still vastly outnumber available workers

A man walking a dog passes by a help wanted sign advertised along East Main Street in East Islip, New York on February 17, 2022.Newsday LLC | Newsday | Getty ImagesJob openings fell by nearly half a million in April, narrowing the historically large ga...

Fed Governor Christopher Waller says he’s prepared to take rates past ‘neutral’ to fight inflation

Christopher Waller testifies before the Senate Banking, Housing and Urban Affairs Committee during a hearing on their nomination to be member-designate on the Federal Reserve Board of Governors on February 13, 2020 in Washington, DC.Sarah Silbiger | Ge...

Americans were worried about the economy even before inflation exploded, Fed survey shows

A man shops for meat at a Safeway grocery store in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to grow.Jim Watson | AFP | Getty ImagesAmericans already were getting nervous about the state of...

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Sri Lanka vs Australia 5th ODI: Heartwarming gesture from Lankan fans wins the internet, see pics

During the fifth ODI between Australia and Sri Lanka in Colombo, local fans from the island nation came up with a heartwarming gesture for the visiting side. Sri Lankan fans showed their gratitude towards the Australian cricket team as they came to tou...
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JEE Main 2022: Assam CM Himanta Biswa Sarma urged to postpone exams amid floods

Assam’s flood situation has disturbed the life of lakhs of people in the state. According to officials, floodwaters have started receding from some parts of Brahmaputra and Barak rivers but situation remains problematic for 45.34 lakh people.Consider...

Trump praises Supreme Court decision overturning Roe v. Wade, says ruling ‘will work out for everybody’

Supreme Court strikes down Roe v. Wade Fox News' chief legal correspondent Shannon Bream provides details on the Supreme Court's ruling that reverses the long-standing precedent on abortion in America.NEWYou can now listen to Fox News articles! EXC...

What does overturning Roe v. Wade mean? Supreme Court decision’s implications

Supreme Court strikes down Roe v. Wade Fox News' chief legal correspondent Shannon Bream provides details on the Supreme Court's ruling that reverses the long-standing precedent on abortion in America.NEWYou can now listen to Fox News articles! The...

Delhi Sports University will award degrees to help athletes get jobs: Delhi CM Arvind Kejriwal

Delhi Chief Minister Arvind Kejriwal on Friday said the upcoming Delhi Sports University will provide degrees to sportspersons to help them get jobs if they want to work.Also, READ: Eknath Shinde's U-turn: Rebel Shiv Sena leader claims no nation...