Jerome Powell

FinanceTrending

Fed’s Inflation Policy Complicated by Invasion

With inflation steadily increasing due to the numerous issues dealt with in the last two years, investors and consumers show concern as prices continue to rise. Many Fed officials have discussed a strict, aggressive approach to battle these rising costs. But now the long-awaited interest rate hike from the Federal Reserve faces a challenge. The Russian invasion of Ukraine.

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FinanceTrending

Federal Reserve Pledges to Keep Rates Low Due to Swings in COVID Cases

The Federal Reserve has promised to maintain record-low interest rates to support the United States economy in the pandemic’s worsening times. As COVID-19 cases continuously shatter record highs set by the U.S., it has left many economists convinced that the economy cannot make any sustained recovery until the epidemic is maintained and that most Americans will feel safe conducting their normal outdoor daily activities. Following the Fed’s update on its monetary policy last Thursday, the near-zero interest rates are intended to stimulate spending and inject liquidity into the economy.

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