News
Watch: Cleveland Federal Reserve President Beth Hammack speaks at City Club of Cleveland
56+ min ago (212+ words) Cleveland Fed President and CEO Beth Hammack has led the Federal Reserve Bank of Cleveland since 2024. This year, she is one of 12 voting members of the Federal Open Market Committee, which is responsible for setting monetary policy. Hammack is scheduled…...
This is how close American households are to the financial edge
4+ day, 22+ hour ago (544+ words) Affordability has been a politically potent word, but an ill-defined measure of financial pain, often used as a reference to inflated prices. But new research from the Brookings Institution released Wednesday describes affordability by comparing the rising costs of essentials…...
Oil prices plunge and stocks soar after U. S. and Iran agree on a ceasefire
1+ mon, 3+ week ago (294+ words) Oil prices plunged and stocks surged as global investors breathed a sigh of relief after the U. S. and Iran agreed to a two-week ceasefire and President Trump backed off his threat to wipe out Iran's "whole civilization." On Wall Street, the…...
Trump's tariffs were 'last straw' for this business owner's now-shuttered store
3+ mon, 1+ week ago (371+ words) And I have one of them with me now, Jennifer Bergman. She owned a toy store in New York for 44 years that was first started by her mom. She closed it in July. She says the tariffs were just the…...
The Federal Reserve's independence is under threat. Why does that matter?
4+ mon, 2+ week ago (137+ words) Ideastream - On Air Now Playing Swingin' Sounds of the Season - On Air Now Playing Folk Alley (WKSU HD2) - On Air Now Playing All Classical (WKSU HD3) - On Air Now Playing News & More (WKSU HD4) The Federal Reserve's independence is under threat. Why does…...
DOJ subpoenas Federal Reserve in escalating pressure campaign
4+ mon, 3+ week ago (369+ words) The Justice Department has subpoenaed the Federal Reserve for information on the central bank's headquarters renovation, according to a video statement released by Fed chairman Jerome Powell on Sunday. It's the latest escalation in the administration's pressure campaign to force…...