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Federal Reserve

Raising the Debt Ceiling

What happens if we crash through the debt ceiling?

by Nancy Marshall-Genzer
Oct 4, 2021
The Fed could buy defaulted Treasuries or swap Treasury bonds that weren’t in default for those that were.
Federal Reserve Chair Jerome Powell speaks at a House hearing Thursday. Although the central bank has prepared for potential government defaults before, Powell warned lawmakers of the limits of the Fed's response.
Al Drago-Pool via Getty Images
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Fed's optimism about economy is balanced by delta variant and slow job growth

by Mitchell Hartman
Sep 23, 2021
But the Federal Reserve's biggest worry may be Congress opting not to raise the debt ceiling and the U.S. defaulting.
A closed retail store on a Manhattan street in July 2019. Though economists are tentatively optimistic, threats of supply chain problems, labor shortages, COVID-19 and inflation still remain.
Spencer Platt via Getty Images
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With a road map to higher interest rates, the Fed starts with baby steps

by Kimberly Adams
Sep 23, 2021
The U.S. economy will need to keep improving in order for rates to go up.
The Federal Reserve building is seen on March 2021 in Washington, D.C. The Fed's tapering of bond-buying and upping of interest rates is likely to be a slow, gradual process.
Daniel Slim/AFP via Getty Images
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All this talk about the Fed "tapering" bond-buying — what's it to you?

by Sabri Ben-Achour
Sep 22, 2021
Two words: interest rates. On stuff like mortgages. Business loans. Keeping them low keeps capital flowing in this pandemic economy.
Federal Reserve Chair Jerome Powell met with Congress this week, saying there hasn't been as much progress on inflation as the central bank had hoped.
Nicholas Kamm via Getty Images
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Here's a powerful position at the Fed you likely don't know about

by Nancy Marshall-Genzer
Sep 21, 2021
What is the vice chair for supervision? Only the top banking cop at the Fed ... but the job description can still be vague.
The Federal Reserve building in Washington, DC.
DANIEL SLIM/AFP via Getty Images
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Does the Federal Reserve have the power to fight climate change?

by Kai Ryssdal and Andie Corban
Sep 17, 2021
The central bank can "be an assist" on climate risk, says economist Claudia Sahm, but Congress sets the priorities.
Federal Reserve Chair Jerome Powell. The Fed can do research and integrate climate risk into bank stress tests, economist Claudia Sahm says. But mainly it "follows orders; Congress tells it what to do."
Drew Angerer via Getty Images
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Race and Economy

For Black workers, unemployment is 4 percentage points higher than for whites. Can the Federal Reserve fix that?

by Kai Ryssdal and Andie Corban
Sep 9, 2021
Wendy Edelberg, director of the Hamilton Project, says monetary policy has a roleay, but it's "not the whole show."
Fed Chair Jerome Powell. The central bank has been keeping interest rates low, but Wendy Edelberg says in the near future it should let the economy "grow on its own two feet."
Scott Olson/Getty Images
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"Monetary policy is the wrong tool": Why economist El-Erian thinks the Fed is making a mistake

by Kai Ryssdal and Andie Corban
Aug 30, 2021
The economist and businessman disagrees with Fed Chair Jerome Powell's belief that inflation is transitory.
"I am saying, 'You know what, we have to be more humble about the inflation dynamics,'" Mohamed El-Erian says.
Rob Kim/Getty Images
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Debate over Fed's role in shaping unequal economy expected at Jackson Hole

by Sabri Ben-Achour
Aug 24, 2021
Wrapped up in this year's theme — "Macroeconomic Policy in an Uneven Economy" — is years of debate and controversy over who the economy serves.
People walk outside of the New York Stock Exchange in August 2016. At the Fed's Jackson Hole summit, economists expect discussions about the Fed's role in minimizing inequality.
Spencer Platt via Getty Images
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How has the Federal Reserve's bond buying helped the economy?

by Nancy Marshall-Genzer
Aug 19, 2021
Those bonds have helped keep lots of money flowing into the economy. But now, the Fed is signaling that its going to taper off its monthly purchases.
Federal Reserve Chair Jay Powell is expected to address the tapering of the Fed's bond-buying at an upcoming conference in Jackson Hole, Wyoming.
Nicholas Kamm/AFP via Getty Images
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