The Federal Reserve
CFPB Employee Sent Data on 256,000 Consumers to Personal Email
An employee of the Consumer Financial Protection Bureau (CFPB) made unauthorized transfers of confidential data relating to 256,000 consumers to a personal email account, the bureau has revealed. The CFPB found personally identifiable information relating to customers of seven institutions that had been forwarded by a staffer—who is no longer employed at the CFPB. The […]
Janet Yellen: Biden’s Spending ‘Did Feed’ Inflation
President Joe Biden’s $1.9 trillion American Rescue Plan did contribute to inflation, Treasury Secretary Janet Yellen conceded on Wednesday. Speaking in an interview with Matt Murray, editor-in-chief of The Wall Street Journal, the former head of the Federal Reserve admitted that the White House’s enormous spending had played a role in today’s inflationary environment, adding […]
Key Inflation Gauge Pops Again, This Time Hitting Highest Level In Nearly 40 Years
The Federal Reserve’s preferred inflation gauge, the so-called PCE price index, vaulted again in November, this time hitting its highest level in nearly four decades and delivering a fresh data point reinforcing the persistence of inflationary pressures. The Commerce Department reported on Dec. 23 that the headline Personal Consumption Expenditures (PCE) price index rose by […]
Professor: Fed Needs to Act on Inflation Now
Gold, the traditional inflation hedge, has performed well recently—it’s now at a 4-month high. So are investors taking the inflation threat more seriously? And will the Federal Reserve be the next to acknowledge it? Professor Michael Busler at Stockton University says they need to acknowledge it—and fast. Otherwise, we’ll get into a dangerous inflationary cycle […]
The Fed Holds Interest Rates Near Zero, Raises Economic Outlook
WASHINGTON—The Federal Reserve announced on Dec. 16 that it would keep U.S. interest rates near zero as the pandemic continues to pose “considerable risks” to the economy. Fed policymakers don’t predict any interest rate increases through 2023. The central bank also raised its economic outlook, expecting economic and labor market recovery better than its September projections. After […]