YOU WONT BELIEVE: 137 - You Need To See This

The Fed is putting America's inflation problem on its shoulders

Chair Jerome Powell addressed the American public directly, and owned the current situation

Axios · May 4, 2022

The Dow rallies to its best day since 2020 after the Fed rules out larger rate hikes

Markets jumped after Fed Chair Jerome Powell said the central bank was not contemplating bigger rate hikes than the half-a-percentage-point increase it delivered on Wednesday.

WEKU · May 4, 2022

Federal Reserve hikes official interest rates by 0.5 per cent, ASX rises, Dow Jones jumps 900 points

The US Federal Reserve has increased official interest rates by 0.5 per cent and flagged that more such rises are likely. Meanwhile, the Australian market has followed Wall Street higher.

ABC News · May 4, 2022

Fed raises rates half a percentage point

The central bank also signaled more rate increases are on the way.

Axios · May 4, 2022

The Fed gets serious about tighter money

In a meeting Wednesday, the central bank will begin a more aggressive campaign against inflation

Axios · May 4, 2022

Stuart Rothenberg: Inflation, recession and the 2022 midterms

With six months to go until the 2022 midterm elections, the economic indicators continue to deteriorate for Democrats. While unemployment remains low and the economy continues to grow (except for a recent hiccup that few take seriously), inflation is up dramatically, and interest rates are spiking.

Tribune News Service · May 4, 2022

Inflation, recession and the 2022 midterms - Roll Call

The current economic issues of inflation and low growth could put Democrats at a disadvantage in the 2022 midterms.

Roll Call · May 3, 2022

4 things to know as the Fed embarks on its biggest fight against inflation in years

The Federal Reserve is expected to approve its largest interest rate hike in more than two decades this week. Additional rate increases are likely, as the Fed tries to regain control over inflation.

WEKU · May 3, 2022

Less than half of Americans have confidence in economic performance of Joe Biden or Jerome Powell, new poll finds

Confidence in Biden, Federal Reserve Chariman Jerome Powell and Democratic leaders fell by double digits from the previous year

The Independent UK · May 2, 2022

Fed to fight inflation with fastest rate hikes in decades

The Federal Reserve is poised this week to accelerate its most drastic steps in three decades to attack inflation by making it costlier to borrow — for a car, a home, a business deal, a credit card purchase — all of which will compound Americans’ financial strains and likely weaken…

The Independent UK · May 2, 2022