Fed banking regulator warns A.I. could lead to illegal lending practices like excluding minorities
The Federal Reserve’s top banking regulator expressed caution Tuesday about the impact that artificial intelligence can have on efforts to…
Goldman Sachs cuts odds of a U.S. recession in the next year
Goldman Sachs revised down the odds of a U.S. recession happening in the next 12 months, cutting the probability down…
St. Louis Fed President Bullard says he’s stepping down in August
The St. Louis Federal Reserve announced Thursday that Jim Bullard will step down from his post as president, effective Aug.…
Strategist David Roche says we’ll avoid a global recession, central banks will ‘change the goalposts’
The global economy will likely avoid a recession and central banks will need to “change the goalposts” on inflation, according…
June wholesale prices rise less than expected in another encouraging inflation report
The producer price index for June had a smaller-than-expected increase, the Labor Department reported Thursday, in the latest sign that…
Inflation rose just 0.2% in June, less than expected as consumers get a break from price increases
Inflation fell to its lowest annual rate in more than two years during June, the product both of some deceleration…
Biden advisor defends stimulus and inflation surge: ‘The real cause was the global pandemic’
The Covid-19 pandemic, rather than Joe Biden’s economic policies and stimulus packages, is the “real cause” of high inflation, according…
This is ‘the end of the beginning’ of the battle against inflation, economist says
Central banks are at “the end of the beginning” in their battle against inflation, as several factors keep core prices…
Yellen stresses ‘fair’ rules, communication in Beijing meetings
The United States and China, the world’s two biggest economies, must compete fairly and communicate closely to avoid misunderstandings, U.S.…
Fed’s Goolsbee sees ‘golden path’ to lower inflation without a recession
Chicago Federal Reserve President Austan Goolsbee said Friday he’s confident inflation can be tamed without a recession, even with additional…
