Federal Reserve

Let’s Not Play The Blame Game, Say Lawmakers Blamed For Bank Failures

Authors of a 2018 law rolling back bank regulations are oblivious to a damning report from the Federal Reserve.
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U.S. Adds A Strong 253,000 Jobs Despite Fed's Rate Hikes

The unemployment rate ticked down to 3.4%, matching a 54-year low.
By Paul Wiseman, AP

Fed Raises Key Rate But Hints It May Pause Amid Bank Turmoil

The Federal Reserve reinforced its fight against high inflation by raising its key interest rate by a quarter-point to the highest level in 16 years.
By Christopher Rugaber, AP

Congress Helped Set Stage For Silicon Valley Bank’s Failure, Federal Reserve Says

An investigation by the Federal Reserve hammers the "shift in the stance of supervisory policy" that lawmakers initiated in 2018.
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Fed Faults Silicon Valley Bank Execs — And Itself — In Bank Failure

The report points out underlying cultural issues at the Fed, where supervisors were unwilling to be hard on bank management when they saw growing problems.
By Christopher Rugaber and Ken Sweet, AP

Federal Reserve Hikes Interest Rates Again, Despite Bank Failures

One analyst said this interest rate increase, the ninth in the past year, shows the Fed's "willingness to roll the dice" with the economy.
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Fed Facing A Blurrier Outlook As It Meets To Weigh Rate Increase

Most economists expect the Federal Reserve to announce a relatively modest quarter-point hike in its benchmark rate, its ninth hike since March of last year.
By Christopher Rugaber, AP

Elizabeth Warren Says Jerome Powell Should No Longer Be Fed Chair

"He has had two jobs," the senator told NBC’s "Meet the Press." "One is to deal with monetary policy. One is to deal with regulation. He has failed at both."
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Can The Chaos From Silicon Valley Bank's Fall Be Contained?

Lawmakers are trying to decide whether the federal government should bail out a failed bank that mostly served the wealthy and powerful.
By Ken Sweet, AP

U.S. Adds A Robust 311,000 Jobs Despite Fed's Rate Hikes

Last month, the government reported a surprising burst of hiring for January — 517,000 added jobs — though that gain was revised down slightly to 504,000 in Friday’s report.
By Christopher Rugaber, AP