message

Fed message that rates will be on hold for 'a while' clashes with bets on 2023 rate cut

Fed message that rates will be on hold for ‘a while’ clashes with bets on 2023 rate cut

Leave a Comment / Business / By

(Bloomberg) – Federal Reserve Chairman Jerome Powell has history on his side as he and his colleagues part ways with Wall Street on how long interest rates will stay high in 2023. Bloomberg’s Most Read After the fastest monetary policy tightening since the 1980s, the central bank is expected to raise its benchmark rate by …

Fed message that rates will be on hold for ‘a while’ clashes with bets on 2023 rate cut Read More »

The message from the left for the Fed: Stop punishing workers

The message from the left for the Fed: Stop punishing workers

Leave a Comment / Economy / By

“It’s a throwback to the bad old days,” said Benjamin Dulchin, campaign leader of Fed Up, a coalition of community groups and labor unions. “Overreacting and sticking with the workers because it’s the only thing they know they can do is the same old prejudice.” Fed Up was among progressive groups that praised Republican Powell …

The message from the left for the Fed: Stop punishing workers Read More »