interest rates

COMMENTARY
Federal ReserveBank Board Chairman Jerome Powell contemplates a response to questions on Nov. 2, 2022. (Chip Somodevilla/Getty Images)

Fed inflation fight raises risks of both recession and financial crisis

BY: - November 7, 2022

There is wide agreement among economists and market observers that the Federal Reserve’s aggressive interest rate hikes will cause economic growth to grind to a halt, leading to a recession. Less talked about is the risk of a financial crisis as the U.S. central bank simultaneously tries to shrink its massive balance sheet. As expected, […]

Federal Reserve Bank Board Chairman Jerome Powell announced Wednesday that the bank is raising interest rates by three-quarters of a percentage point, the sixth increase this year and the fourth time in a row at rates this high. (Chip Somodevilla/Getty Images)

The Fed raises interest rates again, signals more coming despite pressure to slow the pace

BY: - November 2, 2022

The Federal Reserve announced on Wednesday that in its continuing efforts to tamp down inflation, it would raise interest rates yet again by another three-quarters of a point to a target range of 3.75 to 4%. Federal Reserve Chair Jerome Powell said during a press conference following the announcement that the “historically fast pace” of […]