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Fed’s Barr Commits to Full Term Amid GOP Calls for Regulatory Pause

Fed’s Barr Commits to Full Term Amid GOP Calls for Regulatory Pause

by Heather Zhu | Nov 21, 2024 | Business, Featured, Politics

WASHINGTON – Michael Barr, Vice Chair of the Federal Reserve, reaffirmed his intent to serve his full term during a heated House Financial Services Committee hearing on Wednesday. The session was marked by Republican criticism of Biden-era financial regulations and...
Fed cuts rates, Powell emphasizes independence as Trump administration looms

Fed cuts rates, Powell emphasizes independence as Trump administration looms

by Heather Zhu | Nov 7, 2024 | Business, Featured

WASHINGTON – The Federal Reserve cut interest rates by 0.25% at its Nov. 7 meeting, with Federal Reserve Chair Jerome Powell underscoring the central bank’s commitment to its dual mandate and reinforcing its independence in response to potential political pressures...
‘We’re in risk management mode:’ Fed chair expects no rate cuts through March

‘We’re in risk management mode:’ Fed chair expects no rate cuts through March

by Alicia Tang | Feb 1, 2024 | Business, Featured

WASHINGTON – The Federal Reserve on Wednesday left its key interest rate unchanged for the fourth consecutive meeting, with Chair Jerome Powell quashing hope of rate cuts in March. The unanimous vote by the 12-member, rate-setting Federal Open Market Committee called...

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Medill on the Hill is part of Medill News Service, the Washington Program of the Medill School of Journalism. Undergraduate journalism students report on Congress, the White House and federal policy and politics in a real-time environment. Their stories appear on this website and in news outlets that partner with Medill.

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