Federal Reserve

The Federal Reserve's decision on Wednesday to increase interest rates means consumers will pay more for new- and used-car loans.

Atlanta Federal Reserve President Raphael Bostic tells WLRN he doesn’t think interest rates need to be increased right now, even as inflation remains high in some places — particularly South Florida.

Consumer confidence among the multi-ethnic Hispanic population, the fastest growing population and a growing base for the demand of goods and services, is bleak.

The Federal Reserve is adjusting its long-range policy on inflation and employment. The central bank said it's now more concerned with prices that are too low than with runaway inflation.

The pain in the job market continues as an additional 1.5 million sought unemployment benefits last week. In the past 12 weeks, more than 44 million new claims have been filed.

Companies can borrow money from the Federal Reserve under its new lending programs. It's been good for the stock market, but the central bank's effort to help the economy has had lopsided results.

Fed Chairman Jerome Powell warns it could be another year and a half before the U.S. recovers from the economic fallout of the pandemic. But he says this will not be another Great Depression.

Jerome Powell said the economy should recover once the coronavirus is under control. But the central bank chief cautioned that without more help, many small businesses may not survive that long.

The Federal Reserve has moved quickly and creatively to pump money into the rapidly shrinking U.S. economy in hopes of keeping it afloat long enough to outlast the coronavirus pandemic.

The Federal Reserve cut its key interest rate to near zero — a dramatic move not seen since the depths of the 2008 financial crisis. The Bank of England and Bank of Japan made similar moves.

Bullish stocks, low unemployment, high confidence — from most angles, the economy is strong. But questions linger as the Federal Reserve raises interest rates for the third time in 2018.

The job market is booming and the economy is expanding. So why aren't wages keeping pace? That's the wage puzzle, and some economists and employers offer explanations they say help explain it.