Fed’s Daly says the economy can handle rate hikes, but a mild recession is possible
San Francisco Fed President Mary Daly acknowledged that a series of rate hikes over the coming months could tip the economy into a shallow recession.
San Francisco Fed President Mary Daly acknowledged that a series of rate hikes over the coming months could tip the economy into a shallow recession.
Initial jobless claims last week were a bit higher than expected but still reflective of a labor market where employers are loathe to fire workers.
Federal Reserve Chairman Jerome Powell speaks Thursday on a panel presented by the International Monetary Fund. CNBC's Sara Eisen will moderate the talk.
Federal Reserve Chairman Jerome Powell on Thursday affirmed the central bank's determination to bring inflation down.
Cleveland Fed President Loretta Mester said she's in favor of raising interest rates quickly, but not so quickly as to disrupt the economic recovery.
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