Policy Errors Have Consequences – Investment Watch
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Biden Inflation made simple: Borrow from the Fed, take away from the rest of us
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Even as economy heats up, Fed to stick with near-zero rates
by Christopher Rugaber, The Associated Press
Posted Apr 26, 2021 10:54 am EDT
Last Updated Apr 26, 2021 at 10:58 am EDT
FILE - In this Dec. 1, 2020, file photo, Federal Reserve Chair Jerome Powell listens during a Senate Banking Committee hearing on Capitol Hill in Washington. During an interview broadcast Sunday, April 11, 2021, on CBS 60 Minutes, Powell said the U.S. economy is poised for an extended period of strong growth and hiring, though the coronavirus still poses some risk. (Al Drago/The New York Times via AP, Pool, File)
WASHINGTON Hiring is accelerating as Americans increasingly venture out to shop, eat at restaurants and travel, and inflation pressures are even picking up after lying dormant for years. Yet this week, the Federal Reserve is all but sure to reiterate its commitment to ultra-low interest rates.
Christopher Rugaber
FILE - In this Dec. 1, 2020, file photo, Federal Reserve Chair Jerome Powell listens during a Senate Banking Committee hearing on Capitol Hill in Washington. During an interview broadcast Sunday, April 11, 2021, on CBS 60 Minutes, Powell said the U.S. economy is poised for an extended period of strong growth and hiring, though the coronavirus still poses some risk. (Al Drago/The New York Times via AP, Pool, File) April 26, 2021 - 7:54 AM
WASHINGTON - Hiring is accelerating as Americans increasingly venture out to shop, eat at restaurants and travel, and inflation pressures are even picking up after lying dormant for years. Yet this week, the Federal Reserve is all but sure to reiterate its commitment to ultra-low interest rates.