Federal Reserve

World Bank walking tightrope as it mulls increased lending to poorest

Campaigners say bank should rush to rescue countries facing recession – but can it do so without resulting in mass debt write-offs?

Phillip Inman

10, Jan, 2023 @6:19 PM

The US should break up monopolies – not punish working Americans for rising prices | Robert Reich

The Fed is putting people out of work to reduce workers’ bargaining power and reduce inflation. They’ve got it all wrong

Robert Reich

08, Jan, 2023 @11:19 AM

The pendulum swung against globalisation in 2022 – and that’s no bad thing | Larry Elliott

Climate crisis, Ukraine invasion and China-US tensions are challenging assumption free markets are best

Larry Elliott

26, Dec, 2022 @1:57 PM

For US small businesses, interest rates are next year’s key issue

It’s going to be a painful year for many business owners. But there is good news – this won’t last for ever

Gene Marks

25, Dec, 2022 @11:00 AM

Fed eases pace of interest rate rises after signs inflation may be slowing

The US is facing a cost of living crisis with soaring inflation, with the latest interest rate hike the seventh increase this year

Dominic Rushe in New York

14, Dec, 2022 @8:21 PM

US cost of living continues to rise but inflation appears to finally be slowing

Latest consumer price index figures showed prices rising by 7.1% from last November, down from 40-year high of 9.1% in June

Dominic Rushe

13, Dec, 2022 @1:41 PM

US adds 263,000 jobs in November as unemployment rate stays at 3.7%

Jobs market remains strong even as Fed imposes biggest series of rate rises in decades in effort to tame inflation

Dominic Rushe in New York

02, Dec, 2022 @1:37 PM

Federal Reserve to slow interest rate rises as it tackles 40-year inflation high

Jerome Powell warned there ‘was more ground to cover’ and rates would stay higher for an extended period

Dominic Rushe in New York and Phillip Inman in London

30, Nov, 2022 @7:44 PM

Bank of England deputy governor could vote to cut interest rates if inflation pressures ease – as it happened

Sir Dave Ramsden expects to vote to keep raising borrowing costs, but sees potential for rate cuts if persistent inflation stops being a worry

Graeme Wearden

24, Nov, 2022 @3:27 PM

Men forget to mind their manners when dealing with powerful women | Torsten Bell

Congressmen were far ruder to Federal Reserve boss Janet Yellen than men in the post… but not if they had daughters

Torsten Bell

06, Nov, 2022 @10:30 AM

We need serious public policy, not more printed money – the US economy is in tatters

Decades of bailouts have convinced some that the Fed will always come to the rescue – but this only papers over the fundamental flaws of the US economy

Doug Henwood

05, Nov, 2022 @7:00 AM

Fed announces sixth consecutive hike in US interest rates to fight inflation

Fed officials have now imposed the sharpest increases in interest rates since the 1980s, as the cost of living crisis batters consumers