Skip to main content

Understand. Power. Act.

The Library

New

One story, all the way down.

How are higher interest rates and rising prices affecting you?

By Elisabeth Buchwald, CNN (CNN) — Last month, the Federal Reserve raised interest rates for the first time in more than three years, as it tries to bring inflation under control. But higher rates make borrowing more expensive for consumers and businesses — one reason mortgage rates have climbed to a three-year high in recent

Sources (2)+1 copy· Oct 1, 6:41 PM to Oct 12, 9:30 AM

interest rate hike federal reserve rate hike Economy Build

Every telling

their own versions

How it spread

3 articles

The thread

interest rate hike →

Since

Fed officials are warning of more pain. Many Americans are already feeling itBy Elisabeth Buchwald, CNN (CNN) — Four years ago, with inflation at multi-decade highs, then-Federal Reserve Chair Jerome Powell delivered a blunt message to Americans: Getting inflation under control would come at a cost. The Fed needed to act “forcefully,” Powell told attendees at a key central banker conference that August. Doing so, he cautioned,

ABC17News.com3d agoWhole story →

Economy interest rate hike

More like this

similar stories in the archive

Watchdog Clears Powell, Says Fed Board Mishandled CostsWhile faulting Fed managers for weak cost controls that led to a roughly $1 billion overrun, the Federal Reserve's inspector general on Wednesday cleared former Chair Jerome Powell of criminal wrongdoing in the central bank's $2.4 billion headquarters renovation.

Newsmax14d agoWhole story →

Government fed hq renovation probe

Kevin Hassett says Powell should 'move on' to preserve Fed independenceKevin Hassett says Jerome Powell should leave the Federal Reserve Board, arguing his continued presence as former Fed chair is "unprecedented" and undermines central bank independence.

Fox Business10d agoWhole story →

Economy fed leadership debate

Trump, Federal Reserve on collision course over interest ratesPresident Donald Trump berated Jerome Powell for years as he sought to pressure the then-Federal Reserve chairman to cut interest rates.

NBC News29d agoWhole story →

Economy fed interest rate decision

Trump targets Powell again after report says he did not break the law with expensive Fed renovationsAn inspector general review of the Federal Reserve’s headquarters renovation found no sign that then-Chair Jerome Powell broke the law or committed miscond

NewsBreak14d agoSources (2)Whole story →

Economy midterm elections

Federal Reserve watchdog finds no illegal conduct from Powell renovationsThe Federal Reserve's watchdog found the institution did not "effectively manage" its renovations of the central bank's headquarters under Jerome Powell.

Washington Examiner14d agoWhole story →

Economy federal reserve renovations probe

DOJ not reopening criminal probe into Powell, Blanche saysThe U.S. Justice Department is not reopening a criminal probe into former Federal Reserve Chair Jerome Powell for cost overruns related to the central bank's building renovation project, a DOJ spokesperson said on Friday. Attorney General Todd ⁠Blanche, in comments to Bloomberg News, which first reported the ‌development, said he has not ruled out…

Spokane Spokesman-Review12d agoSources (2)Whole story →

Justice doj decision on fed probe

OIG Report clears PowellA scathing watchdog report blasts the Federal Reserve for mismanaging its $2 billion headquarters renovation, while clearing former Chairman Jerome Powell of criminal wrongdoing.

New York Post14d agoWhole story →

Economy federal reserve hq renovation scandal

Fighting inflation likely to be 'painful,' Chicago Fed president saysA top Federal Reserve official said Monday that the central bank may have to cause economic pain in the form of higher unemployment to combat stubbornly high inflation.

PBS News23d agoWhole story →

Economy fed inflation strategy

How are higher interest rates and rising prices affecting you? – KnowGov