WEATHER ALERT
Powell: Higher rates unlikely to cause deep US recession
Read full article: Powell: Higher rates unlikely to cause deep US recessionThe last time the Federal Reserve faced inflation as high as it is now, in the early 1980s, it jacked up interest rates to double-digit levels — and in the process caused a deep recession and sharply higher unemployment.
Climate change alters life at Fed's Jackson Hole conference
Read full article: Climate change alters life at Fed's Jackson Hole conferenceWhen officials of the Federal Reserve Bank of Kansas City sought a location for an annual economic symposium in 1982, they chose Jackson Hole, Wyoming, for a simple reason: It had fly-fishing.
Fed's Powell: Russia's war on Ukraine will worsen inflation
Read full article: Fed's Powell: Russia's war on Ukraine will worsen inflationFederal Reserve Chair Jerome Powell warned that Russia’s invasion of Ukraine, which has already driven up oil prices, will likely further magnify the high inflation that has engulfed the U.S. economy.