CHRISTOPHER RUGABER | The Enterprise Journal

Home

- Federal Reserve Chairman Jerome Powell speaks to the Senate Banking, Housing and Urban Affairs Committee, as he presents the Monetary Policy Report to the committee on Capitol Hill, Wednesday, June 22, 2022, in Washington. (AP Photo/Manuel Balce Ceneta)
AP
registered content - login required to view
Click to register / login

Powell: Fed aims to avoid recession but says it's possible
By CHRISTOPHER RUGABER - AP Economics Writer
Wed,06/22/22-8:33AM , 407 Reads
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell sought Wednesday to reassure the public that the Fed will raise interest rates high and fast enough to quell inflation, without tightening credit so much as to throttle the economy a
Click Here to Read More

- Federal Reserve Board Chair Jerome Powell speaks during the Inaugural Conference on the International Roles of the U.S. Dollar at Federal Reserve Board Building, in Washington, Friday, June 17, 2022. (AP Photo/Jose Luis Magana)
AP
free content

Fed's Powell facing rising criticism for inflation missteps
By CHRISTOPHER RUGABER - AP Economics Writer
Tue,06/21/22-11:18AM , 183 Reads
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell won praise for his deft leadership during the maelstrom of the pandemic recession. As threats to the U.S. economy have mounted, though, Powell has increasingly struck Fed watchers as much less sure-footed.
Click Here to Read More

- Credit cards as seen Thursday, July 1, 2021, in Orlando, Fla. Record low-interest mortgages are long gone. Credit card rates will likely rise. You'll pay more for an auto loan. The unusually large three-quarter point hike, Wednesday, June 15, 2022 in the Fed's benchmark short-term rate is going to have a lot of impacts on Americans' finances. The hope is that by making borrowing more expensive, the Fed will succeed in cooling demand for homes, cars and other goods and services and slow inflation. (AP Photo/John Raoux, File)
AP
registered content - login required to view
Click to register / login

This is how a higher Fed rate could affect your finances
By CHRISTOPHER RUGABER - AP Economics Writer
Wed,06/15/22-3:40PM , 758 Reads
WASHINGTON (AP) — Record-low mortgages are long gone. Credit card rates will likely rise. So will the cost of an auto loan. Savers may finally see a noticeable return.
Click Here to Read More

- Federal Reserve Chairman Jerome Powell speaks during a news conference following an Open Market Committee meeting at the Federal Reserve Board Building, Wednesday, June 15, 2022, in Washington. (AP Photo/Jacquelyn Martin)
AP
premium content - for subscribers only
Click to subscribe

Fed attacks inflation with its largest rate hike since 1994
By CHRISTOPHER RUGABER - AP Economics Writer
Tue,06/14/22-3:17PM , 840 Reads
WASHINGTON (AP) — The Federal Reserve intensified its fight against high inflation on Wednesday, raising its key interest rate by three-quarters of a point — the largest bump since 1994 — and signaling more rate hikes ahead as it tries to cool off the U.S.
Click Here to Read More

Subscribe to CHRISTOPHER RUGABER