Citing high inflation and the tight labor market, Fed Chair Jerome Powell announces the first rate hike since 2018.
President Trump is expected to announce who he’s nominating for chair of the Federal Reserve tomorrow. Current Chair Janet Yellen’s term ends in February. One thing will stay the same after Yellen leaves: the Fed’s dual mandate of balancing inflation and unemployment. Click the audio player above to hear the full story.
The Federal Reserve reaffirmed, to no one's surprise, that its stimulus will continue.