March 28, 2023
The expectation for cuts would be consistent with a recession and an accompanying fall in inflation.
The expectation for cuts would be consistent with a recession and an accompanying fall in inflation.
The Fed in some ways is both closer and further away from its goals when it first started raising rates.
FedNow creates “a leading-edge payments system that is resilient, adaptive, and accessible,” said Richmond Fed President Tom Barkin.