Senate hearings on Federal Reserve monetary policy: Warnock surprised me today.

U.S. Senator Raphael Warnock, Democrat of Georgia, used his time during today’s U.S. Senate Committee on Banking, Housing and Urban Affairs hearing on monetary policy to tie the problem of affordable housing in Georgia to Federal Reserve System rate setting. Jerome Powell, chairman of the Board of Governors of the Federal Reserve System pointed out … Continue reading Senate hearings on Federal Reserve monetary policy: Warnock surprised me today.

Real average hourly earnings for all employees decrease 0.2% in April

One CPI print doth not make an economic outlook, but commentators are observing a potential slowdown in the economy as the Consumer Price Index for All Urban Consumers increased 0.3 percent, seasonally adjusted and rose 3.4 percent over the last twelve months. This, according to the U.S. Bureau of Labor Statistics. (Are you ready for … Continue reading Real average hourly earnings for all employees decrease 0.2% in April