(JACKSON HOLE, Wyo.) -- Federal Reserve Chair Jerome Powell vowed to fight inflation "forcefully" in remarks on Friday at the central bank's annual summer gathering in Jackson Hole, Wyoming. The Fed is weighing whether a large rate increase will be necessary at the central bank's... Read More.
(WASHINGTON) -- Economists expect a major rate hike from the Federal Reserve on Wednesday, the latest in a series of borrowing cost increases as the central bank tries to slash near-historic inflation while avoiding a recession. The Fed will likely raise the benchmark interest rate... Read More.
(WASHINGTON) -- The Federal Reserve raised interest rates significantly on Wednesday, hiking it 0.75%, escalating a strategy of increased borrowing costs that aims to dial back historic inflation. The rate hike of 0.75% marks the largest increase since 1994. The dramatic rate increase follows new... Read More.
DuBois, PA – With spring officially here and Easter less than a month away, the Easter Bunny after has some appearances scheduled in our town! You can schedule a time for the Easter Bunny to come to your home in the DuBois/surrounding area on April... Read More.
(NEW YORK) -- The Federal Reserve raised interest rates by a quarter percent on Wednesday, marking the first interest rate hike since 2018. The move is intended to help curb rising inflation, and it’s anticipated that the fed will do this another six times this... Read More.
(WASHINGTON) -- It's been hard for Americans to avoid headlines and statements about "tapering" in recent months, as economists and policymakers debate how to best support the economy while the pandemic ebbs in the U.S. The Federal Reserve said in a policy statement Wednesday that... Read More.
(NEW YORK) -- The White House announcement Tuesday that the U.S is taking the rare step of releasing oil from the nation's strategic reserve in an attempt to lower gas prices comes as inflation-battered Americans are feeling the pinch at the pump ahead of... Read More.
(WASHINGTON) -- The White House said Tuesday that President Joe Biden will tap into the nation's strategic oil reserve to help offset a surge in gasoline prices. Biden, facing rising consumer discontent ahead of the Thanksgiving holiday, will make the formal announcement in remarks Tuesday... Read More.
(WASHINGTON) -- President Joe Biden announced Monday he will nominate Federal Reserve Chairman Jerome Powell to a second four-year term amid new concerns about controlling inflation and took the opportunity to respond to those who have voiced opposition to Powell's nomination. "As chair, Jay undertook... Read More.
(WASHINGTON) -- President Joe Biden announced Monday he will nominate Federal Reserve Chairman Jerome Powell to a second four-year term amid new concerns about controlling inflation. He also said he would nominate Dr. Lael Brainard, a longtime Federal Reserve official and former Treasury Department undersecretary,... Read More.