Collins Becomes Latest Fed Official to Warn Rates Will Likely Stay Higher for Longer
Boston Fed president Susan Collins said Wednesday it will take longer "than previously thought" to bring inflation down.
Boston Fed president Susan Collins said Wednesday it will take longer "than previously thought" to bring inflation down.
Federal Reserve Chair Jerome Powell gave a backhand compliment to the Biden economy during his latest press conference on May 1.
New rules implemented last month capped what the Federal Deposit Insurance Corporation (FDIC) will insure in a trust account at $1.25 million.
The IRS said on Thursday that it plans to increase audit rates for big corporations, partnerships and multimillionaires over the next three years.
The Federal Reserve’s slowed path toward cutting interest rates offers an extended chance to lock in attractive yields for longer.
The nation’s debt, currently over $34 trillion, is rampantly growing as U.S. lawmakers have been unable to agree to budget reforms that could tame it.
The Fed kept interest rates unchanged, holding the fed funds rate at a 23-year high between 5.25%-5.50% amid a "lack of progress at it's 2% target.