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Tom Barkin, President and Chief Executive Officer of the Federal Reserve Bank of Richmond, recently visited Nash and Edgecombe counties to listen and learn about workforce and housing opportunities in Eastern North Carolina.
Tom Barkin, President and Chief Executive Officer of the Federal Reserve Bank of Richmond, recently visited Nash and Edgecombe counties to listen and learn about workforce and housing opportunities in Eastern North Carolina.
 
Chairman of the Federal Reserve Jerome Powell hinted that more interest rate hikes may be coming during a speech in Jackson Hole, Wyoming, on Friday.
Chairman of the Federal Reserve Jerome Powell hinted that more interest rate hikes may be coming during a speech in Jackson Hole, Wyoming, on Friday.
 
The Federal Reserve hiked interest rates to the highest level in 22 years on Wednesday, despite easing inflationary pressures.
The Federal Reserve hiked interest rates to the highest level in 22 years on Wednesday, despite easing inflationary pressures.
 
The Senate on Thursday passed an amendment to the National Defense Authorization Act (NDAA) that would ban sales of oil from the Strategic Petroleum Reserve (SPR) to China, North Korea, Iran, and Russia.
The Senate on Thursday passed an amendment to the National Defense Authorization Act (NDAA) that would ban sales of oil from the Strategic Petroleum Reserve (SPR) to China, North Korea, Iran, and Russia.
 
Only minutes from Greenville and Washington, we offer this unique high lot above the wide waters within the Pamlico Estuary, where one can build their dream home with such massive views of both the Chocowinity Bay and the Pamlico River.
Only minutes from Greenville and Washington, we offer this unique high lot above the wide waters within the Pamlico Estuary, where one can build their dream home with such massive views of both the Chocowinity Bay and the Pamlico River.
 
A well-preserved shipwreck dating back to roughly 1200 BC will be pulled from the sea in sections next month to further study the techniques used to build the vessel, the French National Center for Scientific Research (CNRS) recently announced.
A well-preserved shipwreck dating back to roughly 1200 BC will be pulled from the sea in sections next month to further study the techniques used to build the vessel, the French National Center for Scientific Research (CNRS) recently announced.
 
The North Carolina Senate released its biennium budget proposal this week as scheduled, with the expectation of meeting with the state House to establish a conference budget before the current fiscal year ends on June 30
The North Carolina Senate released its biennium budget proposal this week as scheduled, with the expectation of meeting with the state House to establish a conference budget before the current fiscal year ends on June 30
 
Officials at the Federal Reserve announced a 0.25% increase in the target federal funds rate on Wednesday, marking a slowdown from previous rate hikes meant to combat inflation, even as the financial sector contends with the collapse of three medium-sized regional banks.
Officials at the Federal Reserve announced a 0.25% increase in the target federal funds rate on Wednesday, marking a slowdown from previous rate hikes meant to combat inflation, even as the financial sector contends with the collapse of three medium-sized regional banks.
 
Economists at the Federal Reserve predicted that a mild recession would hit the United States in the second half of 2023.
Economists at the Federal Reserve predicted that a mild recession would hit the United States in the second half of 2023.
 
Canary CEO Dan Eberhart remarked that President Joe Biden missed a “golden window” to replenish the depleted Strategic Petroleum Reserve when oil prices were reasonably low.
Canary CEO Dan Eberhart remarked that President Joe Biden missed a “golden window” to replenish the depleted Strategic Petroleum Reserve when oil prices were reasonably low.
 
PacWest stock plummeted as investors remain worried about the financial sector, a decline which occurred despite Federal Reserve officials assuring market actors hours earlier that the banking system is “sound and resilient.”
PacWest stock plummeted as investors remain worried about the financial sector, a decline which occurred despite Federal Reserve officials assuring market actors hours earlier that the banking system is “sound and resilient.”
 
Federal Reserve Bank of Cleveland President Loretta Mester said on Thursday that she expects policymakers will increase the target federal funds rate beyond 5.0% as inflationary pressures continue to impact the economy.
Federal Reserve Bank of Cleveland President Loretta Mester said on Thursday that she expects policymakers will increase the target federal funds rate beyond 5.0% as inflationary pressures continue to impact the economy.
 
Sen. Ted Cruz (R-TX) introduced a bill on Tuesday that would prevent the Federal Reserve and the Biden administration from establishing a central bank digital currency.
Sen. Ted Cruz (R-TX) introduced a bill on Tuesday that would prevent the Federal Reserve and the Biden administration from establishing a central bank digital currency.
 
Stocks slid after officials at the Federal Reserve announced a 0.25% increase in the target federal funds rate on Wednesday, continuing a slowdown from previous rate hikes meant to combat inflation and marking caution from policymakers given recent tumult in the banking sector.
Stocks slid after officials at the Federal Reserve announced a 0.25% increase in the target federal funds rate on Wednesday, continuing a slowdown from previous rate hikes meant to combat inflation and marking caution from policymakers given recent tumult in the banking sector.
 
Massachusetts Democratic Senator Elizabeth Warren called for a new Federal Reserve Chairman on Sunday as she lashed out at Jerome Powell’s job performance.
Massachusetts Democratic Senator Elizabeth Warren called for a new Federal Reserve Chairman on Sunday as she lashed out at Jerome Powell’s job performance.
 
The Federal Reserve has aggressively raised target interest rates over the past year to tamp down on rising prices. Even so, inflation persists at worrisome rates. According to today’s release from the Bureau of Labor Statistics, the Consumer Price Index (CPI) rose 0.4% in February after rising 0.5%
The Federal Reserve has aggressively raised target interest rates over the past year to tamp down on rising prices. Even so, inflation persists at worrisome rates. According to today’s release from the Bureau of Labor Statistics, the Consumer Price Index (CPI) rose 0.4% in February after rising 0.5%
 
Federal Reserve Chair Jerome Powell warned lawmakers on Tuesday that the central bank would continue to increase the target federal funds rate as inflationary pressures remain elevated.
Federal Reserve Chair Jerome Powell warned lawmakers on Tuesday that the central bank would continue to increase the target federal funds rate as inflationary pressures remain elevated.
 
Elon Musk balked at remarks from the Biden administration that diversity would play an important role in the appointment of the next vice chair of the Federal Reserve.
Elon Musk balked at remarks from the Biden administration that diversity would play an important role in the appointment of the next vice chair of the Federal Reserve.
 
A new report finds that North Carolina’s forest management plans effectively preserve forests while allowing for recreation and commercial use
A new report finds that North Carolina’s forest management plans effectively preserve forests while allowing for recreation and commercial use
 
Officials at the Federal Reserve announced a 0.25% increase in the target federal funds rate, marking a slowdown from previous 0.75% and 0.5% rate hikes meant to combat inflation.
Officials at the Federal Reserve announced a 0.25% increase in the target federal funds rate, marking a slowdown from previous 0.75% and 0.5% rate hikes meant to combat inflation.
 
The Republican-led House passed on Thursday legislation banning the United States from selling and exporting crude oil from the Strategic Petroleum Reserve (SPR) to China.
The Republican-led House passed on Thursday legislation banning the United States from selling and exporting crude oil from the Strategic Petroleum Reserve (SPR) to China.
 
European Central Bank Executive Board Member Isabel Schnabel contended that monetary policy should be used to accelerate the “green transition” as Federal Reserve Chair Jerome Powell asserted the opposite.
European Central Bank Executive Board Member Isabel Schnabel contended that monetary policy should be used to accelerate the “green transition” as Federal Reserve Chair Jerome Powell asserted the opposite.
 
Federal Reserve Chair Jerome Powell said that the central bank will refrain from advancing social policy, especially with respect to climate change.
Federal Reserve Chair Jerome Powell said that the central bank will refrain from advancing social policy, especially with respect to climate change.
 
Regulators advised banks and other financial institutions to avoid cryptocurrencies, a warning that comes after the implosion of digital asset company FTX and deliberations over a possible central bank digital currency in the United States.
Regulators advised banks and other financial institutions to avoid cryptocurrencies, a warning that comes after the implosion of digital asset company FTX and deliberations over a possible central bank digital currency in the United States.
 
Sen. Elizabeth Warren (D-MA) and Sen. Tina Smith (D-NM) asked the Federal Reserve to examine the banking system’s exposure to cryptocurrencies amid continued fallout from defunct company FTX.
Sen. Elizabeth Warren (D-MA) and Sen. Tina Smith (D-NM) asked the Federal Reserve to examine the banking system’s exposure to cryptocurrencies amid continued fallout from defunct company FTX.
 
Federal Reserve Chair Jerome Powell remarked during a Wednesday speech that central bankers will likely slow their implementation of contractionary monetary policy this month.
Federal Reserve Chair Jerome Powell remarked during a Wednesday speech that central bankers will likely slow their implementation of contractionary monetary policy this month.
 
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.
 
The Federal Reserve Bank of New York began a simulated digital currency initiative on Tuesday alongside multiple major banks as the cryptocurrency sector descends into chaos.
The Federal Reserve Bank of New York began a simulated digital currency initiative on Tuesday alongside multiple major banks as the cryptocurrency sector descends into chaos.
 
The Bureau of Labor Statistics is expected to release Consumer Price Index data Thursday morning that will indicate whether rate hikes from the Federal Reserve have had a meaningful impact on inflation.
The Bureau of Labor Statistics is expected to release Consumer Price Index data Thursday morning that will indicate whether rate hikes from the Federal Reserve have had a meaningful impact on inflation.
 
The Federal Reserve controls the economy, prints trillions of dollars so they can make you poorer without taxing you, and raises interest rates on things because of reasons. Sound like something you'd be interested in?
The Federal Reserve controls the economy, prints trillions of dollars so they can make you poorer without taxing you, and raises interest rates on things because of reasons. Sound like something you'd be interested in?
 
The White House announced on Tuesday that President Joe Biden would release 15 million barrels of oil from the Strategic Petroleum Reserve.
The White House announced on Tuesday that President Joe Biden would release 15 million barrels of oil from the Strategic Petroleum Reserve.
 
Atlanta Federal Reserve Bank President and CEO Raphael Bostic said Sunday that the country needs economic pain now to avoid even more pain later.
Atlanta Federal Reserve Bank President and CEO Raphael Bostic said Sunday that the country needs economic pain now to avoid even more pain later.
 
Independent Vermont Sen. Bernie Sanders said the Federal Reserve is not helping Americans deal with crushing inflation.
Independent Vermont Sen. Bernie Sanders said the Federal Reserve is not helping Americans deal with crushing inflation.
 
Federal Reserve Vice Chair Lael Brainard said on Monday that the central bank increasing federal funds rate targets will have dramatic effects on economic activity.
Federal Reserve Vice Chair Lael Brainard said on Monday that the central bank increasing federal funds rate targets will have dramatic effects on economic activity.
 
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