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Federal Reserve Chair Jerome Powell reports that the Justice Department has subpoenaed the central bank and threatened criminal charges.
The falling benchmark rate will eventually mean better rates for borrowers who face the highest credit card interest rates in…
The Federal Reserve's move raised its key short-term rate to a range of 3.75% to 4%, its highest level in…
Federal Reserve Chair Jerome Powell says battling inflation may cause a recession and a “soft landing” looks increasingly unlikely.
Rising consumer demand for services, such as airline tickets, hotel rooms and restaurant meals, is still helping fuel inflation.
The clearest signal that a recession is underway, economists say, would be a steady rise in job losses and a…