Fed’s Mary Daly says high inflation ‘is as harmful as not having a job,’ pledges rate hikes ahead
San Francisco Fed President Mary Daly is worried about inflation, telling an audience Tuesday that the high cost of living is causing a heavy burden...
Watch Treasury Secretary Janet Yellen speak live on the global financial system
Treasury Secretary Janet Yellen testifies Wednesday before the House Financial Services Committee on the state of international finance.
Fed’s Patrick Harker is ‘acutely concerned’ about inflation, sees ‘deliberate’ rate hikes
Philadelphia Fed President Patrick Harker joined the chorus warning about inflation and the interest rate hikes needed to control rising prices.
Key people from the Fed spooked the markets — here’s what they said
Investors didn't like what they heard from the Fed's Lael Brainard and Mary Daly, sending major averages considerably lower on the day.
Fed officials plan to shrink the balance sheet by $95 billion a month, meeting minutes indicate
The Federal Reserve on Wednesday released minutes from its March 15-16 policy meeting.
Yellen warns that war in Ukraine will have ‘enormous’ global economic impact
Treasury Secretary Janet Yellen cautioned Wednesday that Russia's attack on Ukraine could cause a major hit to the global economy.
Weekly jobless claims fell to 166,000 last week, the lowest level since 1968
Initial filings for unemployment dropped to 166,000, well below the Dow Jones estimate of 200,000 and 5,000 below the previous week's total
Fed’s Bullard says interest rate policy is ‘behind the curve,’ but it’s making progress
The Fed needs to raise rates substantially to control inflation but may not be as "behind the curve" as it appears, St. Louis Fed President...
Here’s how the Fed raising interest rates can help get inflation lower, and why it could fail
The view that higher rates help stamp out inflation is essentially an article of faith, based on long-held economic gospel. But how does it really...