Fed raised interest rates by 50 basis points this month and Chair J. Powell signaled on track to make similar-sized moves at June and July meeting.
Federal Reserve Bank of St. Louis President James Bullard said he supports the central bank’s plan to raise interest rates in half-percentage-point.
Ben Bernanke Helped the U.S. Recover After 2008 and Now Sees Huge Warning Signs on Inflation, Stagflation and Student Debt
Former Fed Reserve Chair Ben Bernanke said U.S. central bank’s decision to delay response to highest inflation rates in four decades “was a mistake.”
Fed Res. Bank of Cleveland Pres. Loretta Mester backed raising interest rates by half percentage points at central bank’s next two policy meetings.
Musk’s bid to buy Twitter Inc. facing more scrutiny in Washington following a report that the US SEC is probing whether he broke rules.
Report cautioned, while the stress - has not been as extreme as in some past episodes, the risk of a sudden significant deterioration appears higher.
U.S. yield curve steepened Monday amid uncertainty over how far the Federal Reserve will need to hike rates to stem inflation.