Senator Elizabeth Warren urged tougher restrictions after disclosures that two
regional Federal Reserve presidents bought and sold stocks and real estate-tied
assets last year.
The Consumer Price Index climbed 5.3 percent from August 2020, which is still
faster than normal. But monthly gains are slowing, and that’s a good sign for
economic policymakers.
FRESNO COUNTY, California. (KSEE/KGPE) – A person was airlifted to a hospital
with major injuries following a crash near Sanger on Monday evening. The Fresno
County Fire Department says firef…
A key inflation gauge again climbed 5.4 percent in July from a year earlier.
Prices gains are expected to moderate — the question is by how much and how
quickly.
Year 1 of the Fed’s framework, unveiled at its Jackson Hole conference in 2020,
has included high inflation and job market healing. Now comes the hard part.
Minutes from the Federal Reserve’s July 27-28 meeting showed that “most”
officials “judged that the standard set out in the committee’s guidance
regarding asset purchases could be reached this year.”
As Jerome H. Powell nears the end of his term as Federal Reserve chair, Ms.
Yellen will have a say over whether he should stay on. Many progressive
Democrats want him replaced.
Richard Clarida, the vice chair for monetary policy, said he expected inflation
and the unemployment rate to reach the Federal Reserve’s goals by the end of
next year.