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Speaking at the 59th Annual Economic Forecast Luncheon in Phoenix, Arizona, Federal Reserve Governor Christopher Waller implied that employers should slow down any wage increases they hand out so that the American economy can temper inflation.
Speaking at the 59th Annual Economic Forecast Luncheon in Phoenix, Arizona, Federal Reserve Governor Christopher Waller implied that employers should slow down any wage increases they hand out so that the American economy can temper inflation.
 
Nominal retail sales increased last month by 1% as inflation continued to accelerate, according to a Friday report from the U.S. Department of Commerce.
Nominal retail sales increased last month by 1% as inflation continued to accelerate, according to a Friday report from the U.S. Department of Commerce.
 
Federal Reserve Governor Christopher Waller said on Thursday that he would support an interest rate hike of 0.75% or higher in reaction to high inflation.
Federal Reserve Governor Christopher Waller said on Thursday that he would support an interest rate hike of 0.75% or higher in reaction to high inflation.
 
A key data tracker used by a branch of the Federal Reserve indicates that the United States economy is showing the negative growth seen in the first quarter continued, meaning the U.S. economy is already in a recession.
A key data tracker used by a branch of the Federal Reserve indicates that the United States economy is showing the negative growth seen in the first quarter continued, meaning the U.S. economy is already in a recession.
 
Federal Reserve Chairman Jerome Powell said on Wednesday that fixing inflation will “highly likely” involve some pain for the American people, but claimed that failing to address it would be even worse for the nation and the economy.
Federal Reserve Chairman Jerome Powell said on Wednesday that fixing inflation will “highly likely” involve some pain for the American people, but claimed that failing to address it would be even worse for the nation and the economy.
 
The stock market has experienced its worst first half of the year in more than 50 years.
The stock market has experienced its worst first half of the year in more than 50 years.
 
The stock market saw a brutal series of selloffs last week.
The stock market saw a brutal series of selloffs last week.
 
Federal Reserve Governor Christopher Waller warned on Saturday that efforts from the central bank to tackle inflation would produce higher unemployment.
Federal Reserve Governor Christopher Waller warned on Saturday that efforts from the central bank to tackle inflation would produce higher unemployment.
 
Federal Reserve Board of Governors member Christopher Waller hinted that the central bank may begin tapering its aggressive quantitative easing.
Federal Reserve Board of Governors member Christopher Waller hinted that the central bank may begin tapering its aggressive quantitative easing.
 
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