Tag Archives: Jerome Powell

Fed Raises Interest Rates for First Time Since 2018

Jerome Powell

The Federal Reserve announced that it is raising interest rates for the first time in three years to help bring the skyrocketing inflation under control. “With appropriate firming in the stance of monetary policy, the Committee expects inflation to return to its 2 percent objective and the labor market to remain …

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Federal Reserve Rolls Out New Trading Restrictions For Senior Officials

Federal Reseve

The Federal Reserve has barred senior officials from a number of investment activities, particularly those involving individual stocks, bonds, cryptocurrencies and commodities. The Federal Open Markets Committee announced the new rules on February 18. They specifically bar covered officials: “[F]rom purchasing individual stocks or sector funds; holding investments in individual …

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Biden Nominates Three Federal Reserve Officials

Sarah Bloom Raskin

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 …

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Weekly Claims For Unemployment Benefits Dip To Pandemic Low


The number of Americans filing first-time claims for unemployment benefits fell to 360,000 last week, the lowest level since the coronavirus pandemic began, the Labor Department reported on Thursday. The reading was a decrease of 26,000 from the prior week’s revised level and the lowest level since March 14, 2020, …

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