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As Fed meets, investor angst over rate hikes spooks markets

WASHINGTON (AP) — Wild volatility in the stock market this week has put heightened scrutiny on the Federal Reserve's meeting Wednesday and whether the Fed will clarify just how fast it plans to tighte...

Fed to signal rate hike as it launches risky inflation fight

WASHINGTON (AP) — With inflation punishing consumers and threatening the economy, the Federal Reserve this week will likely signal its intent to begin raising interest rates in March for the first tim...

Fed study on digital currency leans toward role for banks

WASHINGTON (AP) — The Federal Reserve on Thursday released a highly anticipated report on central bank digital currencies that suggested it is leaning toward having banks and other financial firms, ra...

US home sales fall with available properties at a record low

WASHINGTON (AP) — Sales of previously occupied homes fell in December for the first time in four months as many would-be buyers were frustrated by a lack of available houses, which fell to the lowest ...

Biden chooses 3 for Fed board, including first Black woman

WASHINGTON (AP) — President Joe Biden will nominate three people for the Federal Reserve's Board of Governors, including Sarah Bloom Raskin, a former Fed and Treasury official, for the top regulatory ...

Biden chooses 3 for Fed board, including first Black woman

WASHINGTON (AP) — President Joe Biden will nominate three people for the Federal Reserve's Board of Governors, including Sarah Bloom Raskin, a former Fed and Treasury official, for the top regulatory ...

Fed nominee Brainard: Fighting inflation is top priority

WASHINGTON (AP) — Lael Brainard, President Joe Biden's nominee for the Federal Reserve's No. 2 spot, said Thursday that combating high inflation is the central bank's top priority and said she believe...

Brainard vows to help combat inflation as No. 2 Fed official

WASHINGTON (AP) — Lael Brainard pledged in written remarks Wednesday to help the Federal Reserve fight a spike in inflation while still supporting the economic recovery — a tricky balancing act she wo...

Inflation at 40-year high pressures consumers, Fed and Biden

WASHINGTON (AP) — Inflation jumped at its fastest pace in nearly 40 years last month, a 7% spike from a year earlier that is increasing household expenses, eating into wage gains and heaping pressure ...

Federal Reserve's Powell: High inflation 'exacts a toll'

WASHINGTON (AP) — High inflation is taking a toll on American families, Federal Reserve Chair Jerome Powell acknowledged in remarks to be delivered at a Tuesday congressional hearing, where he is sure...

Federal Reserve's Powell: High inflation 'exacts a toll'

WASHINGTON (AP) — High inflation is taking a toll on American families, Federal Reserve Chair Jerome Powell acknowledged in remarks to be delivered at a Tuesday congressional hearing, where he is sure...

Fed vice chair is latest official to quit in trading scandal

WASHINGTON (AP) — Federal Reserve Vice Chair Richard Clarida said Monday that he will step down on Friday, the third Fed official to resign after a trading scandal at the central bank that involved po...

Question for Fed: Has it waited too long to fight inflation?

WASHINGTON (AP) — With inflation surging, unemployment falling and wages rising, some economists are warning that the Federal Reserve may have waited too long to reverse its ultra-low-rate policies — ...

US hiring may have rebounded last month before omicron surge

WASHINGTON (AP) — Inflation is surging and new omicron infections are spiking, but America's employers are thought to have kept right on hiring in December on the strength of solid consumer spending. ...

Fed officials see earlier rate hikes as US hiring recovers

WASHINGTON (AP) — The U.S. job market is nearly healthy enough that the central bank's low-interest rate policies are no longer needed, Federal Reserve officials concluded last month. ...