Susan M. Collins is about to mark her first year as the president of the Federal Reserve Bank of Boston. Collins recently joined Marketplace Morning Report host David Brancaccio to talk fighting inflation, avoiding future bank runs, and new infrastructure to help people more easily transfer money instantly to their accounts. David Brancaccio: Some of the…
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BY ALLISON SCHRAGER The market has spoken: It's expecting that the Federal Reserve's fight against inflation is just about over. Fed Chairman Jay Powell has hinted that rate increases are nearly at an end. But inflation was still at 6% last count, and Powell insists the Fed is still committed to reaching its 2% target.
Ron DeSantis’ record supporting cuts to Social Security and Medicare. The group behind the ad, MAGA Inc., has plowed more than $1 million into the ad which began airing on Friday, a sign the Florida feud is beginning to gain steam even before Mr. DeSantis has formally entered the 2024 presidential race. Adam Putnam, Florida’ s former Republican Commissioner of…
History remembers Paul Volcker as the slayer of inflation, and Ben Bernanke as the crisis firefighter. On the face of it, Powell's Federal Reserve this week pushed ahead with what's been its policy for the past year- raising interest rates to bring down inflation- and so did other major central banks. The Fed only hiked by half as much as it was expected to before the…
