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.
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’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.
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 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...
As inflation bites and America’s mood darkens, higher-income consumers are cutting back, too
The top income bracket spends the most among American consumers, but its strength amid inflation may be overstated, according to a new CNBC survey.
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...
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...
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