by mujair | Sep 22, 2020 | Business & Finance News
FREDERICKSBURG, Va. — Judy Shelton has spent her career pushing for free markets and criticizing the far-reaching power of the Federal Reserve — an institution she may join as a governor and could one day lead, given the right chain of events. Yet Ms. Shelton’s track...
by mujair | Sep 22, 2020 | Business & Finance News
Here’s what you need to know: Jerome H. Powell, the Federal Reserve chair, in February. Mr. Powell will tell Congress that the economy’s path forward will depend on virus control and “policy actions taken at all levels of government.”Credit…Anna Moneymaker/The...
by mujair | Sep 16, 2020 | Business & Finance News
WASHINGTON — Federal Reserve officials are contemplating their next steps after announcing a new approach to interest rate-setting last month, one that could lay the groundwork for longer periods of low unemployment and rock-bottom borrowing costs. But it may be too...
by mujair | Sep 8, 2020 | Business & Finance News
WASHINGTON — President Trump is using the prepandemic economy to make a case for his re-election, highlighting time and again that unemployment rates fell to record low levels for Black and Hispanic workers in 2019, and that wages were climbing steadily under his...
by mujair | Aug 27, 2020 | Business & Finance News
Under Mr. Powell’s leadership, the Fed has increasingly emphasized the benefits of that strong labor market, which pulled long-sidelined workers into jobs and helped to foster strong wage growth for those who earn the least. The update bookends that evolution toward...
