Powell: Higher rates unlikely to cause deep US recessionThe last time the Federal Reserve faced inflation as high as it is now, in the early 1980s, it jacked up interest rates to double-digit levels โ and in the process caused a deep recession and sharply higher unemployment.
Climate change alters life at Fed's Jackson Hole conferenceWhen officials of the Federal Reserve Bank of Kansas City sought a location for an annual economic symposium in 1981, they chose Jackson Hole, Wyoming, for a simple reason: It had fly-fishing.
Fed's Powell facing rising criticism for inflation misstepsFederal Reserve Chair Jerome Powell won praise for his deft leadership during the maelstrom of the pandemic recession.
Fed's Powell: Russia's war on Ukraine will worsen inflationFederal Reserve Chair Jerome Powell warned that Russiaโs invasion of Ukraine, which has already driven up oil prices, will likely further magnify the high inflation that has engulfed the U.S. economy.
Jimmy Carter, trounced in 1980, gets fresh look from historyJimmy Carter is sometimes called a better former president than he was president.
Powell's high-stakes bet: More jobs but only mild inflationWith employers hiring, consumers spending and companies raising some prices, Federal Reserve Chair Jerome Powell is embarking on a high-stakes gamble.