AMERICAN ECONOMY - Markets and Fed Response

"Markets plunge amid fears of sharply higher interest rates" PBS NewsHour 6/13/2022

Excerpt

SUMMARY:  Wall Street has gone into meltdown mode over inflation fears and the possibility that higher interest rates are imminent.  The Dow Jones Industrial Average, NASDAQ and the S&P 500 all fell significantly.  It is now officially a bear market, down more than 20 percent from its January high.  Julia Coronado, MacroPolicy Perspectives president and former Fed economist, joins Judy Woodruff to discuss.

 

 

"Federal Reserve implements highest interest rate hike in decades to combat inflation" PBS NewsHour 6/15/2022

Excerpt

SUMMARY:  The Federal Reserve on Wednesday ramped up its efforts to fight inflation with a notable interest rate hike.  Officials voted to raise rates by three-quarters of a point, a jump higher than expected just a week ago.  Fed chair Jerome Powell acknowledged the ongoing rate hikes might slow growth later this year, as the Fed projected unemployment would rise to 4 percent by 2024.  Paul Solman reports.

AMERICAN ECONOMY - The Fed Acts Again

"What Fed’s 2nd interest rate cut in 3 months says about the U.S. economy" PBS NewsHour 9/18/2019

Excerpt

SUMMARY:  The Federal Reserve has cut interest rates for the second time in three months in a bid to keep the U.S. economy growing.  What indicators are driving the recent rate reductions, and what is the larger influence of economists on U.S. fiscal and monetary policy?  Judy Woodruff sits down with Binyamin Appelbaum of The New York Times, author of “The Economists’ Hour,” to discuss growth vs. inequality.