Highest income generators now hold 26.5 percent of total household net worth. The Federal Reserve released income data for the month of June in late September, tracking a…
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Federal Reserve Maintains Current Interest Rate
Chairman Powell anticipates addressing inflation into 2026. The Federal Reserve wrapped up a two-day long policy meeting this week, where the members decided to leave the interest rate…
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Senate Confirms New Federal Reserve Positions
The president commends the approval of the vice chair and new governor. The Senate confirmed Philip Jefferson and Lisa Cook to positions in the Federal Reserve. Jefferson, a…
Read MoreFederal Reserve Governor Says Interest Rates Likely to Rise
The inflation rate has still not reached the 2 percent goal. Federal Reserve Governor Michelle Bowman recently said that additional interest hikes “will likely be needed” to further…
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Federal Reserve Raises Interest Rates Again
Rates are now at a 22-year high. In its meeting Wednesday, the Federal Reserve increased interest rates by another quarter percent, still claiming the rate increases are necessary…
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President to Speak on “Bidenomics” in Chicago
The administration says the president’s focus will be on growing the middle class. President Joe Biden is scheduled to travel to Chicago on Wednesday, where he will attend…
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Fed Chair to Raise Interest Rates at “Careful Pace”
Chairman Powell testified before Senate Banking Committee on the rate of inflation. Chair of the Federal Reserve Jerome Powell recently testified before the Senate Banking Committee, where he…
Read MoreSenate Committee Hearing Scheduled for Fed Board Nominee
The committee will review the president’s proposed vice chair, Philip Jefferson. The Senate Banking Committee Chairman Sherrod Brown of Ohio announced a hearing for President Joe Biden’s nominee…
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Federal Reserve Raises Interest Rates Again
Currently at 5 percent. Federal Reserve officials raised interest rates a quarter of a percent Wednesday. Rates are now at their highest since 2007. This increase is yet another…
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Jerome Powell, Chair of the Federal Reserve
Jerome Powell, Chair of the Federal Reserve
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