With big employers enjoying record profits, boosting wages would be easy – and it would fend off federal intervention.
federal reserve
Posted inOp-eds, Opinion
Commentary: There’s a catch to all the cheeriness about the federal deficit
Politicians don’t need more excuses to run up the national debt.
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Posted inBusiness, Nation & World, News
Jerome Powell: U.S. economy remains solid, but rural towns aren’t feeling the effects
The Fed chairman stresses that poorer communities need extra tools to bolster businesses and talent.
Posted inBusiness
Fed chief Powell on prospects of a U.S. recession: Not this year
He’s alert for drags on the economy, such as weaker growth in China and Europe.
Posted inBusiness, Nation & World
Stocks dive again, heading for worst December since Great Depression
Investors are growing worried that global economic growth is cooling and that the U.S. could slip into a recession in the next few years.
Posted inBusiness, Nation & World, News, Politics
Chinese tech executive’s arrest sends stocks tumbling; Federal Reserve reports lift them back up
The Wall Street Journal reported Thursday that the Fed may break from its current approach of steady rate hikes.
Posted inBusiness
Fed leaves key rate alone, but sees further hikes ahead
The next rate increase is expected in December.
Posted inBusiness, News
Hedging against Trump? Fed chair builds network of support on Capitol Hill
Top Republicans are supporting Jerome Powell, saying he is doing a good job with the economy in the face of increasing criticism from President Trump.
Posted inBusiness, Nation & World, News, Politics
Trump says he ‘maybe’ regrets picking Jerome Powell as Fed chief
The president has repeatedly criticized the central bank for its rate increases.
Posted inBusiness
Fed officials discussed last month hiking rates to ‘restrictive’ level
The discussion is revealed Wednesday in minutes of the central bank’s Sept. 25-26 policy meeting.