Economy News Fed Rate Hikes Don T Just Fight Inflation They Hurt Economy Over Long Term, Study Says

Fed governor says current economy is 'calling for large interest rate cuts' to help job market

Fed governor Stephen Miran calls for large interest rate cuts, warning that current policy is "holding the economy back" and pushing unemployment higher. Read More

Sharp disagreements over economy threaten Federal Reserve interest rate cut

What was once seen as a near-certain cut in interest rates next month now looks more like a coin flip as Federal Reserve officials sharply disagree over the economy's health and whether stubborn ... Read More

Fed cut rates amid policymakers' caution about inflation, minutes show

A divided Federal Reserve cut interest rates last month even as policymakers cautioned that lower borrowing costs could risk undermining the fight to quell inflation that has been above the U.S. Read More

Inflation fight divides Fed as prices stay painfully high

Borrowing gets cheaper, but food, rent and energy costs don’t. The Fed cut rates to 3.75%–4.00% aiming to boost a slowing economy. Officials warn inflation is “too high,” creating division over ... Read More

Low unemployment alone not enough to justify Fed rate hikes, Clarida says

The Federal Reserve's new approach to monetary policy means a low unemployment rate on its own doesn't warrant higher interest rates, a "robust" change meant to acknowledge the economy is different ... Read More