Tag: Jerome Powell
EV tax incentive delays could work in auto industry’s favor
The U.S. Treasury Department announced it would delay key pieces of its 2023 electric vehicle tax incentive guidelines until March.
Originally, the agency aimed to...
Fed officials likely to hike interest rates another 0.75 percentage point
On August 26, in Jackson Hole, Wyoming, Federal Reserve Chairman Jerome Powell made a public pledge to reduce inflation, even at the expense of the...
Former Fed economist Stephen Roach sheds light on recession concerns
Stephen Roach, Senior Fellow at Yale University's Jackson School of Global Affairs, appeared on CNBC's "Fast Money" where he said the U.S. needs a "miracle" to...
Fed raises interest rates 0.75 points for the second time as...
In an effort to curb rising prices, the Federal Reserve hiked interest rates by another 0.75% Wednesday afternoon, the same amount as its last move in...
Fed raises interest rates by half a percentage point, aims to...
On Wednesday, May 4, the Federal Reserve announced another target interest rate hike intending to quell inflation wreaking havoc American economy. The Fed's target...
Fed approved first interest rate hike in three years, signals more...
On Wednesday, the Federal Reserve announced that the target interest rate for federal funds is being increased by a quarter of a percentage point....
