Tag: The Federal Open Market Committee (FOMC)

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The Fed hikes interest rates by 0.75 percentage point for second consecutive time to fight inflation

Fed Chairman Jerome Powell2

the staff of the Ridgewood blog

Washington Dc, the Federal Reserve announced another steep interest rate hike Wednesday, ramping up its efforts to bring inflation down from four-decade highs.

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FED Leaves Rates Unchanged

Fed Chairman Jerome Powell2

the staff of the Ridgewood blog

Washington DC, the Federal Reserve kept its interest rates range at near-zero levels Wednesday but hinted at future tightening and balance sheet realignment.  The Fed signaled a slow and steady approach to surging inflation.

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