Lawmakers From Both Parties Say Banning Russian Oil May be Worth the 'Hurt'
The Biden administration’s sanction strategy hinges on levying severe sanctions on pretty much every facet of the Russian economy except energy.
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New York Fed's Logan Says Staff Will Carefully Monitor Money Markets
The Federal Reserve's nearly $9 trillion balance sheet has more room to decline than it did the last time the central bank shrank its holdings.
Powell Plows Ahead Toward Rate Hikes With Eyes on War Impact
Powell was peppered with questions about prices from lawmakers and fight against inflation, backing quarter-point interest-rate rise later this month.
Powell: Fed to 'Proceed Carefully' on Raising Rates Amid Ukraine Conflict
Fed's Powell said Wednesday central bank still plans on raising interest rates despite “highly uncertain” economic effects of war in Ukraine.
Powell Seeks to Reassure Lawmakers Fed Will Curb Hot Inflation
Powell will try to reassure lawmakers this week that the central bank will act to curb the hottest inflation in four decades while remaining flexible.
UPDATE 2-Markets Pare Rate Hike Bets as West Gets Tough on Russia
Rate futures significantly pared back odds of 50 basis-point tightening by Fed at its meeting this month to 6.5% late on Monday, from 23% a week ago.
Stagflation Threat Rattles Bond Traders as Fog of War Descends
World’s biggest bond market signaling concern that Russia’s invasion of Ukraine could lead to economic outcome Federal Reserve is eager to avoid.
