The U.S. central bank chair expects “it will be appropriate” to raise interest rates at its March 15-16 meeting
John Williams, president of the Federal Reserve Bank of New York, sees no ‘compelling argument to take a big step at the beginning’ of steady rate hikes
The national average home price was a record $748,450 in January, up 21% from $618,587 a year earlier
Reports from Richardson Wealth and Natixis put this year's market volatility in context
Interest income could drive profits as capital markets and credit-loss provisions sag
With rate increases on the way, some experts recommend tilting toward value
The central bank also said it would phase out its monthly bond purchases in March
The Bank of Canada warned Wednesday that rates will need to rise to bring inflation back to the central bank's 2% target
Some economists have expressed concern that the Fed is already moving too late to combat high inflation
If approved by the United States Senate, Michigan State prof Lisa Cook would be the first Black woman to serve on the Federal Reserve Board of Governors