'I will be particularly focused on assessing the evolution of credit conditions and their effects on the outlook for growth, employment and inflation,'
American Action Forum president Doug Holtz-Eakin and Thru the Cycle president John Lonski join 'The Evening Edit' to discuss the Fed raising interest rates for the 10th straight increase.President John Williams said on Tuesday that inflation remains "too high" and will take some time before returning to pre-pandemic levels despite a slew of aggressive interest rate hikes.
New York Federal Reserve President John Williams speaks during the Central Banking Forum on the sidelines of the International Monetary Fund and World Bank Group Annual Meetings in Bali, Indonesia, on Oct. 10, 2018. However, core prices pointed to strong underlying price pressures that are still bubbling beneath the surface. The consumer price index remains about three times higher than the pre-pandemic average, underscoring the persistent financial burden high prices have placed on millions of U.S. households and small businesses.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fed's Williams: Fed has not said it's done raising ratesFederal Reserve Bank of New York President John Williams told the Economic Club of New York on Tuesday that the Fed needs to be data-dependent with mo
Read more »
Williams confident Fed is on the path to restoring low, stable inflationNew York Fed President John Williams said Tuesday he was confident the Fed is on the path to restoring price stability.
Read more »
New York City public schools rolling out new reading programNew York City is changing the way it teaches reading, getting children hooked on phonics, after Schools Chancellor David Banks concluded public schools have been teaching reading the wrong way for decades.
Read more »
US to propose new rules for airline cancellations, delays - New York Amsterdam NewsPresident Joe Biden said Monday his administration will write new regulations that will require airlines to compensate air travelers and cover their meals and hotel rooms if they are stranded for reasons within the airline’s control.
Read more »
New York City public schools roll out new reading programNew York City is changing the way it teaches reading, getting children hooked on phonics, after Schools Chancellor David Banks concluded public schools have been teaching reading the wrong way for decades.
Read more »