Inflation reached a high of 9.1 percent earlier this year, the highest rate in more than four decades. In response, the Fed has raised interest […]
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‘Pain’: Stock market plunges after Fed chair inflation warning
US stocks plummeted on Friday following a warning from Federal Reserve Chairman Jerome Powell that the central bank’s mission to tame inflation will result in […]
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‘Eye-popping’: CNN panel analyzes the June inflation surge
The Consumer Price Index for June showed prices jumped 9.1% year-over-year. CNN Business correspondent Rahel Solomon and financial analyst Dylan Ratigan break down what’s driving […]
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How the Fed interest rate hike affects Americans
It’s the biggest hike in nearly three decades. CNN’s Brian Todd reports on the Federal Reserve’s interest rate increase and why the Fed took such […]
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Biden meets with Jerome Powell to address inflation across US | USA TODAY
The White House and the Federal Reserve are grappling with how to deal with inflation. RELATED: Biden, Democrats introduce legislation to ease baby formula shortage […]
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Economy could fall into recession, according to one Wall Street bank | JUST THE FAQS
Deutsche Bank is the first big bank predicting a recession. Here's why it will probably be a mild one. RELATED: The Great Recession: many Americans […]
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Sen. Durbin Characterizes Debate Over Covid Relief As ‘Washington At Its Worst’ | Katy Tur | MSNBC
Sen. Dick Durbin, D-Ill., described the debate over finding a bipartisan plan for Covid-19 relief as "Washington at its worst" as Republicans and Democrats hit […]
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Tense exchange between Mnuchin and Porter over relief funds
Rep. Katie Porter (D-CA) went head-to-head with Treasury Secretary Steven Mnuchin during a House Financial Services Committee hearing. Mnuchin supports moving $455 billion in coronavirus […]
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Biden To Nominate Janet Yellen For Treasury Secretary | Ayman Mohyeldin | MSNBC
NBC News confirms President-elect Joe Biden will nominate Janet Yellen for Treasury secretary. She would be the first woman to hold that position. Previously, Yellen […]
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