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Cleveland Fed taps new chief
The Hill· 7 days agoStarting Aug. 21, Hammack will succeed Loretta Mester, who steps down June 30. First Vice President Mark Meder will serve as the interim president. “It...
Chief economist defies Fed’s hawkish pivot; no rate hikes this year despite ‘dramatic turnaround’
Fortune via Yahoo Finance· 7 days agoHousing “still is quite a significant risk, that it could put upward pressure on inflation over the...
Fed president says that Americans have such a ‘visceral’ hatred of inflation, they’d rather have a...
Fortune· 2 days agoFinanciers have been waiting for Jerome Powell to confirm when rates will begin to fall from a more than two-decade high. The figure is an improvement when viewed with a longer-term ...
Celibacy is in — just ask Lenny Kravitz, Julia Fox, and Gen Z
Business Insider· 52 minutes agoThis story is available exclusively to Business Insider subscribers. Become an Insider and start...
Cleveland Fed Names Former Goldman Sachs Executive Beth Hammack to Succeed Mester as President
US News & World Report· 7 days agoHammack, a former executive at investment bank Goldman Sachs, would be its next president effective Aug. 21. Hammack was named a partner in 2010. Hammack's appointment comes at a critical moment ...
US inflation reached a new 40-year high in June of 9.1%
KRGV Rio Grande Valley· 6 hours agoSurging prices for gas, food and rent catapulted U.S. inflation to a new four-decade peak in June,...
U.S. job openings fall to three-year low in April
Fast Company Magazine· 19 hours agoThe ratio, watched closely by Fed Chair Jerome Powell as a sign of labor market tightness, is well below its post-pandemic peak of nearly two to one, and...
Fed’s favorite inflation metric shows signs of slowing in April
Deseret News via Yahoo Finance· 5 days agoU.S. inflation is still on the rise, but a report released Friday shows that the rate of price...
US job openings drop in April, as labor market normalizes - CUInsight
CUInsight.com· 20 hours agoU.S. job openings fell more than expected in April, pushing the number of available jobs per...
Goldman's Beth Hammack has a new job: Cleveland Fed president
Business Insider via Yahoo Finance· 6 days agoThe central bank raised borrowing costs from close to zero to around 5.5% between March 2022 and...