Turkey's lira logs worst year in two decades under Erdogan
Turkey's lira has logged its worst year since President Tayyip Erdogan came to power nearly two decades ago, despite his appeal on Friday for Turks to trust his unorthodox policies of slashing interest rates in the face of soaring inflation.
Turkish lira plunges after Erdogan defends rate cuts
ANKARA, Turkey (AP) — The Turkish currency weakened by some 10% against the U.S. dollar Tuesday, a day after President Recep Tayyip Erdogan insisted there would be no turning back from his unconventional policy of cutting interest rates despite high inflation .
Inflation is at a 30-year high. Here's how the Federal Reserve plans to deal with it
The Fed left interest rates near zero on Wednesday but announced plans to start removing some of the support it has provided to the economy as inflation hits its highest point in 30 years.
Fed Takes First Step Toward End of Pandemic Measures
The Federal Reserve is dealing with high inflation at a time when millions of workers remain on the job market’s sidelines. Wednesday’s announcement that it will slow bond purchases is a step toward more normal monetary policy.
A Suggested Exercise for Teaching Arbitrage on JSTOR
Traditionally, finance textbooks have taught the concept of arbitrage through a number of disparate examples often presented in different sections or chapters. ...
Fed Unity Cracks as Inflation Rises and Officials Debate Future
Federal Reserve officials are debating what to do as price risks loom, even as its leaders and the White House say today’s surge will most likely cool.
Yellen Says Higher Interest Rates Would Be ‘Plus’ for U.S., Fed
Treasury Secretary Janet Yellen said President Joe Biden should push forward with his $4 trillion spending plans even if they trigger inflation that persists into next year and higher interest rates.
Fed's Powell: U.S. economy at an 'inflection point' - CBS '60 Minutes'
The U.S. economy is at an "inflection point" with expectations that growth and hiring will pick up speed in the months ahead, but also risks if a hasty reopening leads to a continued increase in coronavirus cases, Federal Reserve Chair Jerome Powell said.