Nobel Prize in Economics Winners Include Former Fed Chair Ben Bernanke
The Nobel Prize in Economic Sciences was awarded Monday to former Federal Reserve chief Ben Bernanke and two other U.S....
banking
Fed’s Evans Says Rates Will Need to Remain at Higher Levels
The Federal Reserve will need to hold interest rates high enough to slow the economy after it lifts them through...
Fed’s Inflation Fight Has Some Economists Fearing an Unnecessarily Deep Downturn
Some economists fear the Federal Reserve—humbled after waiting too long to withdraw its support of a booming economy last year—is...
Fed’s Lael Brainard Warns on Inflation, Financial Stability Risks
A senior Federal Reserve official warned of the risks that additional inflationary shocks could lead the central bank to raise...
Mortgage Rates Rise to 6.7%, Highest Since 2007
Mortgage rates rose to their highest level in more than 15 years, a new high since the 2008-09 financial crisis...
World Bank’s David Malpass Says He Isn’t Resigning Amid Criticism of His Climate Views
WASHINGTON—World Bank President David Malpass said Friday he wasn’t resigning from his position amid calls from climate advocates for him...
World’s Central Banks Race to Raise Rates After Fed Increase
LONDON—Central banks around the world moved Thursday to combat the effects of a soaring dollar and rising inflation, joining the...
How the Fed’s Rate Increase Will Hit Americans’ Monthly Budgets
By raising rates, the Fed seeks to cool the economy and rein in inflation, which continued to run higher than...
Fed Raises Interest Rates by 0.75 Percentage Point for Third Straight Meeting
The decision Wednesday—unanimously supported by the Fed’s 12-member rate-setting committee—will lift its benchmark federal-funds rate to a range between 3%...
China’s Downturn Moderates, Though Property Woes Linger
HONG KONG—Renewed Covid-19 curbs and a worsening property downturn are dampening the outlook for China’s economy, despite some modest signs...
Fed’s Powell Affirms Need to Act Strongly to Fight Inflation
Federal Reserve Chairman Jerome Powell said the central bank is squarely focused on bringing down high inflation to prevent it...
Enough, Bosses Say: This Fall, It Really Is Time to Get Back to the Office*
Labor Day marks the line in the corporate sand.Many company leaders say the end-of-summer holiday represents the best chance to...
A Boss Ordered All Workers Back to the Office a Year Ago. He Has No Regrets.
Last summer, a Michigan company decided all employees needed to return to their desks five days a week. A year...
Fed’s Williams Says Rates Will Stay High for a While
Federal Reserve Bank of New York President John Williams said Tuesday that the U.S. central bank will need to push...
Fed Plans 2023 Launch of Long-Anticipated Faster Payments System
WASHINGTON—The Federal Reserve is set to launch a long-awaited faster payments system next year, a step that officials say will...
NFTs Are Increasingly Targeted by Criminals, Report Says
Nonfungible tokens, or NFTs, are increasingly sought by criminals looking to either steal them or use them to launder illicit...
U.S. Steps Up Enforcement of Its Long List of Russia Sanctions
WASHINGTON—The U.S. has imposed a set of powerful sanctions against Russia’s economy to punish it for the invasion of Ukraine....
Fed’s Bullard Leans Toward Favoring 0.75-Percentage-Point September Rate Rise
Federal Reserve Bank of St. Louis President James Bullard said Thursday he is considering support for another large rate rise...
Fed Officials See Need for Continued Interest-Rate Increases, but Less Certainty Over Destination
Federal Reserve officials agreed at their monetary-policy meeting last month they needed to keep raising interest rates enough to lower...
Federal Reserve Finalizes Guidelines for Access to Its Payment Systems
The Federal Reserve said Monday it would adopt a tiered approach toward determining whether to grant financial institutions access to...
