The Federal Reserve raises its benchmark rate by 0.25 point, balancing fight against inflation with risks to banking system
Financial markets expected the move, which brings the Fed’s base policy rate to between 4.75 and 5 percent.
The Fed likes a plan. But recently its attempts to look ahead have been thwarted, by a global pandemic and war in Ukraine. Now the rapid interest rate increases of the last year are also contributing to a worrisome degree of instability in the financial system. The collapses of Silicon Valley Bank and Signature Bank prompted all-out interventions from the Fed and thenew attention on financial regulation, especially since SVB implodedIt has also put the Fed — which works hard to maintain its independence — under a harsh political spotlight. Earlier on Wednesday, Sens. Rick Scott and Elizabeth Warren unveiled legislation that would replace the Fed’s watchdog with an inspector general appointed by the president and confirmed by the Senate.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Warren Says Trump-Picked Jerome Powell Has “Failed” as Chair of Federal ReserveSen. Elizabeth Warren is intensifying her scrutiny of federal financial regulators after the second-and third-largest bank failures in U.S. history.
Leer más »
Gold Price Forecast: XAU/USD grinds beyond $1,940 support, banking crisis, Federal Reserve in focusGold price (XAU/USD) struggles for clear directions around $1,980, following a pullback from the yearly high above $2,000, as markets slip into the ca
Leer más »
Five questions for the Federal Reserve as the banking crisis drags on | CNN BusinessThe Federal Reserve has a lot of balls in the air: Central bank officials are attempting to juggle their economic goals of maximum employment and price stability while maintaining financial safety and security in the midst of a banking meltdown.
Leer más »
What if every American had the same Federal Reserve perks as banks?In the aftermath of Silicon Valley Bank failing earlier this month, the Federal Reserve announced it was further increasing its support for commercial banks, creating a plan that effectively backstopped all deposits, insured and uninsured, across the U.S. financial system. Banks with accounts with the Fed enjoy a number of perks like higher interest rates and instant transfers not available to average Americans and businesses, but one proposal could change that by creating a 'public banking option,' potentially helping millions of people.
Leer más »
What if every American had the same Federal Reserve perks as banks?In the aftermath of Silicon Valley Bank failing earlier this month, the Federal Reserve announced it was further increasing its support for commercial banks, creating a plan that effectively backstopped all deposits, insured and uninsured, across the U.S. financial system. Banks with accounts with the Fed enjoy a number of perks like higher interest rates and instant transfers not available to average Americans and businesses, but one proposal could change that by creating a 'public banking option,' potentially helping millions of people.
Leer más »
Playing Mind Games With The Economy: The Federal Reserve’s Reverse Psychology GambitIn what could be described as a delightful dalliance with the dark arts of manipulation, the Federal Reserve is being urged by some of its former members to deploy a time-honored trick typically reserved for taming tots’ tantrums: reverse psychology.
Leer más »