Federal Reserve chair suggests tighter monetary policy won't reflect the 1980s
Excluding food and energy, annual consumer prices in the U.S. rose 5.9% on an annual basis in June
An ‘even more restrictive stance could be appropriate’ if inflation persists, U.S. central bank officials warn
Grocery prices up 10.8%, steak is “almost out of the question”
The Federal Reserve raised the benchmark short-term interest rate to a range of 0.75% to 1%
Multiple half-point interest rate hikes “could be appropriate” in 2022, say some United States Federal Reserve policymakers
Fed chair says transactions outside of traditional banking should have the same rules as if they were done using banks
Chair Powell said the economy remains sturdy enough to carry out a series of rate hikes without causing a downturn
The U.S. central bank chair expects “it will be appropriate” to raise interest rates at its March 15-16 meeting
Minutes released Feb. 16 of the U.S. central bank’s policy meeting show most policymakers say faster interest rate hikes are needed if inflation does not move down