Federal Reserve
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America’s Racial Wealth Gap Could Cost Economy $1.5 Trillion
America’s nagging racial wealth gap has been the focus of many research reports and economic policy debates. Now new research…
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Federal Reserve Makes First Interest Rate Cut Since 2008
The Federal Reserve has cut the interest rate by one-quarter of a percentage point, marking the first such cut in…
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What is Inflation and Why Should You Care?
Inflation is a general rise in the price of goods and services that erodes the value, or purchasing power, of…
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Low Unemployment, Inflation Rates Worry Fed
Inflation has been low despite a stable labor market, as employers are fearful of raising prices and alienating consumers but…
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Kamala Harris Floats Legislation for Diversity, Inclusion at Federal Reserve
Sen. Kamala D. Harris re-introduced the Ensuring Diverse Leadership Act, legislation to ensure that at least one minority and one…
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Lawmakers Laud Fed’s 1st Black Reserve Bank President
U.S. Reps. John Conyers Jr., Maxine Waters and David Scott, along with Sen. Elizabeth Warren, lauded Monday the appointment of…
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MALVEAUX: What’s Next for the Economy?
We can expect Republicans in the House and Senate to eliminate regulations, lower taxes and support the "business climate."
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AP News Guide: What the Fed Did Thursday and Why it Matters
WASHINGTON (AP) — The Federal Reserve’s decision Thursday to hold a key interest rate at historic lows will…
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U.S. Labor Market Shows Some Muscle Despite Slower Job Growth
(Reuters) – U.S. job growth slowed in August, but the unemployment rate dropped to a near 7-1/2-year low and wages…
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U.S. Consumer Prices Up Slightly, Airfare Weighs
(Reuters) – U.S. consumer prices rose only slightly in July as airline fares recorded their biggest drop since 1995, but…
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