federal reserve Archives - Centralmaine.com

Fed increase in key interest rate will add to cost of borrowing for consumers, businesses

by MARTIN CRUTSINGER June 13, 2018June 13, 2018

The central bank also signals more interest rate hikes are coming this year as the economy continues its steady expansion.

by MARTIN CRUTSINGER March 20, 2018March 20, 2018

Officials are also meeting for the first time since Republicans passed a $1.5 trillion tax cut last year.

by MARTIN CRUTSINGER March 1, 2018March 1, 2018

The central bank chairman clarifies his comments earlier in the week that sent the market lower.

by MARTIN CRUTSINGER February 13, 2018February 13, 2018

He says the economy is recovering well and the bank will be vigilant about any emerging threats to financial stability.

by MARTIN CRUTSINGER January 23, 2018January 23, 2018

He will start next month and succeeds Janet Yellen, the first woman to lead the Fed.

by Martin Crutsinger November 21, 2017November 21, 2017

The Federal Reserve chair says officials remain puzzled about why inflation has retreated for several months this year.

by MARTIN CRUTSINGER November 7, 2017November 7, 2017

The past and present chairs are honored for their efforts to increase transparency at the secretive Fed.

The central bank may be slower to raise interest rates as a result.

by Christopher Condon June 14, 2017June 14, 2017

The Fed also announces plans to start paring its bond holdings later this year, which could cause long-term rates to rise.

by Ana Swanson March 15, 2017March 15, 2017

Increasing the cost of borrowing could frustrate the ambitious goals of the Trump administration.