FORGOTTEN HISTORY: 114 - Caught on Camera

Fed chair Jerome Powell opens the door to faster interest rate hikes

For the first time, Powell suggested the Fed could revert to a faster pace of hikes.

Axios · Mar 7, 2023

Debt limit action needed by mid-August, analysts warn - Roll Call

​Economists at Moody’s Analytics estimate that the Treasury Department will run out of borrowing room by mid-August if Congress doesn’t act.

Roll Call · Mar 7, 2023

4 Stocks to Buy in Any Market Climate

The stock market is expected to remain volatile in the near term as investors remain anxious about the Fed’s actions. Amid high recession worries, fundamentally strong healthcare stocks, Pfizer (PFE), Bristol-Myers Squibb (BMY), Amgen (AMGN), and Elevance Health (ELV), which have the potential to withstand any market downturns, could be…

StockNews.com · Mar 7, 2023

Inflation pressures put Powell in spotlight before Congress

When Federal Reserve Chair Jerome Powell last appeared before Congress, in June 2022, inflation had reached a four-decade high of nearly 9% and showed no sign of easing

The Independent UK · Mar 6, 2023

The surprising impotence of Fed rate hikes

Despite rising interest rates, the economy remains as robust as ever, with a five-decade low in unemployment rate and inflation far above the Fed's goals.

Axios · Mar 3, 2023

Powell’s debt-limit alarm echoes stealth lobbying effort in 2011

In the worst political showdown over the U.S. debt limit to date, a little-known former Treasury official in 2011 helped convince lawmakers that raising the ceiling was the only option. He’s back at it now, but from a much higher perch: chair of the Federal Reserve.

Tribune News Service · Mar 1, 2023

The Pandemic Housing Correction is both mild and the second biggest home price pullback of the post-WWII era

U.S. home prices as measured by the seasonally adjusted Case-Shiller National Home Price Index fell for the sixth straight month in December.

Fortune · Feb 28, 2023

The Fed doesn’t care about Wall Street as much as Wall Street thinks

There’s something of a ritual performed each time Federal Reserve Chair Jerome Powell speaks to the press: A reporter asks Powell about financial conditions; he says they’ve tightened a lot; the Wall Street crowd snickers.

Tribune News Service · Feb 27, 2023

Jamie Dimon says the Fed has ‘lost a little bit of control’ on inflation and the economy is facing some ‘scary stuff’

The Fed’s path to bringing down inflation is still far from guaranteed.

Fortune · Feb 23, 2023

Economic tailwind from flush states

State and local governments are swimming in cash.

Axios · Feb 21, 2023