Fed signals more aggressive steps to fight inflation
Federal Reserve officials are signaling that they will take a more aggressive approach to fighting high inflation in the coming months – actions that will make borrowing sharply more expensive for consumers and businesses and heighten risks to the econ…
Biden extends student loan repayment freeze through August
President Joe Biden announced Wednesday that the repayment freeze on federally held student loans would be extended through August.
Dallas Fed: Global recession ‘seems unavoidable’ if Russian sanctions continue
The Dallas Federal Reserve is warning that ongoing sanctions against Russia will lead to a global recession.
US: Fed prepared to raise interest rates ‘aggressively’
The US central bank must be swift in bringing “much too high” inflation to heel, Federal Reserve Chair Jerome Powell said Monday, adding that the bank could “aggressively” raise interest rates if necessary.
Fed announces first interest rate hike in years as inflation looms large
The Federal Reserve announced Wednesday it would raise its interest rate target by a quarter percentage point in an effort to curb soaring inflation, a major step away from its pandemic-era emergency policies.
Cryptocurrency Helping Ukraine’s Army, Raising Questions For U.S.
Ukraine’s government says it has raised some $106 million in global donations in cryptocurrency for its army. At the same time, nations rush to launch their digital currencies as an alternative to the U.S. dollar.
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