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Tag: banking system

Federal Reserve Chair Jerome Powell holds a press conference following the release of the Fed's interest rate policy decision at the Federal Reserve in Washington, U.S., January 31, 2024. REUTERS/Evelyn Hockstein

Fed says more ‘confidence’ needed on inflation front before rate cuts can start

The Federal Reserve left interest rates unchanged on Wednesday but took a major step towards lowering them in coming months.

Read More Fed says more ‘confidence’ needed on inflation front before rate cuts can start
WASHINGTON, DC - MARCH 10: U.S. President Joe Biden (C) delivers remarks on the February jobs report with Council of Economic Advisers Chair Cecilia Rouse (L) and National Economic Council Director Lael Brained in the Roosevelt Room at the White House on March 10, 2023 in Washington, DC. According to the Labor Department, U.S. employers added 311,000 jobs in February and the unemployment rate rose to 3.6%, two-tenths higher than in January. (Photo by Alex Wong/Getty Images)

Biden promises banking system “safe and sound”

President Biden reassures depositors and makes a pitch for stiffer oversight as First Republic Bank becomes the third major bank to collapse in under two months

Read More Biden promises banking system “safe and sound”
SpaceX and Tesla founder Elon Musk participates in a town hall-style meeting to promote early and absentee voting at Ridley High School on October 17, 2024 in Folsom, Pennsylvania. (Photo by Anna Moneymaker/Getty Images)
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