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The Biden administration is also calling for banks to report on account flows to help boost tax-payment compliance.
By Laura Davison and Christopher CondonMay 20 -
An increase could help to head off the risks of an overheated economy, according to the latest meeting notes from the Central Bank.
By Craig TorresFebruary 22 -
The central bank provided little direction on when it might next raise borrowing costs, as officials grapple with the uncertainty created by a new presidential administration.
By Christopher CondonFebruary 1 -
The Fed chairwoman warned of the risks attached to waiting too long before raising rates.
By Christopher CondonNovember 17 -
Officials might wait to get a sense of the fallout before making a decision on rate increases.
By Jeanna SmialekNovember 9 -
Accelerating inflation will be a focus of next month’s meeting.
By Christopher CondonNovember 2 -
Inflation and unemployment haven't reached levels that would justify an increase in interest rates, even without risks from Britain's vote to leave the European Union, Federal Reserve Governor Daniel Tarullo said.
By Christopher CondonJuly 6 -
Britain's vote to leave the European Union will almost certainly have repercussions for the Federal Reserve -- and those could play out over days or months.
By Christopher CondonJune 24 -
Fewer Federal Reserve officials expect the central bank to raise interest rates more than once this year, as policy makers gave a mixed picture of a U.S. economy where growth is picking up and job gains are slowing.
By Christopher CondonJune 15 -
The Federal Reserve chairwoman was mum about when there might be another hike, which for some suggests she's not in a hurry.
By Jeanna SmialekJune 6