Tag Archives: Federal Reserve

U.S. Federal Reserve officials signaled last week that the central bank could start raising interest rates in March as U.S. annual inflation surged to an almost 40-year high in December. “Inflation is too high, and working people around the country are concerned about how far their paychecks will go,” Fed …

President Joe Biden on Friday announced his nomination of three Federal Reserve officials as he seeks to reshape the central bank amid bumpy economic recovery. Biden nominated Sarah Bloom Raskin to serve as Vice-Chair for Supervision of the Board of Governors of the Federal Reserve System, and nominated Lisa Cook …

The unemployment rate in the United States fell to 5.8% as employers added 559,000 jobs to the economy during the month of May. It’s the lowest jobless rate since March of 2020, when unemployment was 4.4%. “It’s great to see a pickup to job growth, but it would have been …

President-elect Joe Biden may nominate Janet Yellen to serve as Treasury secretary, according to reports from The Wall Street Journal. Yellen, a former Federal Reserve chairwoman will be the first woman to serve as head of the Department of Treasury. In 2014, Yellen became the first woman to head the …