Federal Reserve lifts interest rates a quarter point

Mar 16, 2022
Citing high inflation and the tight labor market, Fed Chair Jerome Powell announces the first rate hike since 2018.
Powell: The Fed is "committed to bringing inflation back down and also sustaining the economic expansion.”
Tom Williams-Pool/Getty Images

New Fed chair will carrying out the board’s dual mandate

Nov 1, 2017
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. 

Tapering our own economic expectations

Oct 30, 2013
The Federal Reserve reaffirmed, to no one's surprise, that its stimulus will continue.
Federal Reserve Board Chairman Ben Bernanke participates in a meeting of the Board of Governors at the Federal Reserve, October 24, 2013 in Washington DC.
Mark Wilson/Getty Images

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