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#federal-reserve (24 Posts)
Is the Fed to Blame? U.S. Lawmaker Proposes Bold Move to Abolish Central BankA hardline U.S. Congressman has proposed a bill to abolish the Federal Reserve (Fed), blaming it for the country’s inflation. According to Fox News on the 20th (local time), Republican Congressman Thomas Massie (Kentucky) recently introduced legislation to dismantle the Fed’s Board of Governors and the Federal Reserve, stating that “the U.S. is suffering from […]
From Pandemic to Prosperity: How U.S. Households Accumulated WealthA recent study reveals that US consumers have amassed $4.3 trillion more in liquid financial assets than before the pandemic. Despite the depletion of surplus savings amassed through pandemic relief funds, American consumers still have strong purchasing power. This suggests that the slowdown in inflation may be slower than expected due to strong demand. According […]
Federal Reserve Holds Interest Rates Steady Amid Economic UncertaintyThe New York stock market showed fluctuating results on May 1st (local time). According to Yonhap News, the Dow Jones Industrial Average closed at 37,903.29 on the New York Stock Exchange (NYSE), up 87.37 points (0.23%) from the previous day. The Standard & Poor’s (S&P) 500 index fell 17.30 points (0.34%) to 5,018.39, while the […]
Federal Reserve Chair Powell Cautious on Long-Term Outlook Despite Interest Rate HikeFederal Reserve officials raised the long-term target interest rate on March 20th (local time). However, Jerome Powell stated that this does not necessarily signal a continuous rate increase. The current target rate is between 5.25% and 5.50%, with a forecasted rate cut of 0.75% this year. The administrators have raised the long-term forecast for the […]
Is the Fed to Blame? U.S. Lawmaker Proposes Bold Move to Abolish Central Bank A hardline U.S. Congressman has proposed a bill to abolish the Federal Reserve (Fed), blaming it for the country’s inflation. According to Fox News on the 20th (local time), Republican Congressman Thomas Massie (Kentucky) recently introduced legislation to dismantle the Fed’s Board of Governors and the Federal Reserve, stating that “the U.S. is suffering from […]
From Pandemic to Prosperity: How U.S. Households Accumulated Wealth A recent study reveals that US consumers have amassed $4.3 trillion more in liquid financial assets than before the pandemic. Despite the depletion of surplus savings amassed through pandemic relief funds, American consumers still have strong purchasing power. This suggests that the slowdown in inflation may be slower than expected due to strong demand. According […]
Federal Reserve Holds Interest Rates Steady Amid Economic Uncertainty The New York stock market showed fluctuating results on May 1st (local time). According to Yonhap News, the Dow Jones Industrial Average closed at 37,903.29 on the New York Stock Exchange (NYSE), up 87.37 points (0.23%) from the previous day. The Standard & Poor’s (S&P) 500 index fell 17.30 points (0.34%) to 5,018.39, while the […]
Federal Reserve Chair Powell Cautious on Long-Term Outlook Despite Interest Rate Hike Federal Reserve officials raised the long-term target interest rate on March 20th (local time). However, Jerome Powell stated that this does not necessarily signal a continuous rate increase. The current target rate is between 5.25% and 5.50%, with a forecasted rate cut of 0.75% this year. The administrators have raised the long-term forecast for the […]
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