Christopher Rugaber

Stay informed with Christopher Rugaber’s coverage and analysis.

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FILE – Philip Jefferson, then-nominee to be a member of the Federal Reserve Board of Governors, listens during a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Feb. 3, 2022, in Washington.“Skipping a rate hike at a coming meeting would allow (Fed policymakers) to see more data before making decisions” about whether to further increase rates, said Fed Governor Jefferson in a speech Wednesday, May 31, 2023. Philadelphia Fed President Patrick Harker made similar comments Wednesday. (Ken Cedeno/Pool via AP, File)

Fed officials are signaling that the central bank probably won’t hike interest rates in June

By Christopher Rugaber and The Associated Press

Janet Yellen

One of the big 3 credit rating agencies just warned America that its constant threats not to pay its bills could spark a downgrade

By Paul Wiseman, Christopher Rugaber, and others

Jerome Powell, chairman of the US Federal Reserve, speaks during the Thomas Laubach Research Conference hosted by the US Federal Reserve Board of Governors in Washington, DC, US, on Friday, May 19, 2023. The Federal Reserve chair Jerome said tighter credit conditions stemming from strains in the banking system could mean interest rates dont have to rise as high as would otherwise be the case. Photographer: Al Drago/Bloomberg via Getty Images

Jerome Powell signals a huge shift is coming at the Fed’s next meeting after 10 straight interest rate hikes

By Christopher Rugaber and The Associated Press

Federal Reserve Chairman Jerome Powell speaks during a news conference in Washington, Wednesday, May 3, 2023, following the Federal Open Market Committee meeting. (AP Photo/Carolyn Kaster)

Stubborn inflation is creating opposing factions within the Federal Reserve about what their next move should be

By Christopher Rugaber and The Associated Press

Woman choosing orange at market and using reusable eco bag.

Prices increased in April after months of declines as inflation remains stubborn despite the Fed’s best efforts

By The Associated Press and Christopher Rugaber

FILE – The seal of the Board of Governors of the United States Federal Reserve System is displayed in the ground at the Marriner S. Eccles Federal Reserve Board Building in Washington, Feb. 5, 2018. A Federal Reserve report Monday, May 8, 2023, showed that banks raised their lending standards for business and consumer loans in the aftermath of three large bank failures, a trend that could slow the economy in coming months. (AP Photo/Andrew Harnik, File)

Banks are getting tighter with lending after three banks collapsed and they could get even tougher in the future

By Christopher Rugaber and The Associated Press

FILE – Treasury Secretary Janet Yellen speaks on the U.S.-China economic relationship at Johns Hopkins University School of Advanced International Studies, Thursday, April 20, 2023, in Washington. Yellen said Sunday that there are “no good options” for the United States to avoid an economic “calamity” if Congress fails to raise the nation’s borrowing limit of $31.381 trillion in the coming weeks. She did not rule out President Joe Biden bypassing lawmakers and acting on his own to try to avert a first-ever federal default. (AP Photo/Manuel Balce Ceneta, File)

Government employees are suing Janet Yellen and President Biden arguing that the law that sets the debt ceiling is unconstitutional

By Christopher Rugaber, Fatima Hussein, and others

Jerome Powell

Fed raises interest rate to highest level in 16 years, signals it could pause streak of 10 straight hikes

By Christopher Rugaber and The Associated Press

File – Federal Reserve Board Chair Jerome Powell walks from the podium after speaking at a news conference at the Federal Reserve, Wednesday, March 22, 2023, in Washington. The Fed’s interest rate decision, announced on Wednesday, comes against the backdrop of both still-high inflation and the persistent turmoil in the banking industry. (AP Photo/Alex Brandon, File)

Fed faces bank collapse and debt ceiling fears as it prepares to raise interest rates for the 10th time

By Christopher Rugaber and The Associated Press

File – Federal Reserve Board of Governors Vice Chair for Supervision Michael Barr testifies at a House Financial Services Committee hearing on Capitol Hill, Wednesday, March 29, 2023, in Washington. Barr was selected by Fed Chair Jerome Powell to lead the central bank’s review of its supervision of Silicon Valley Bank, which failed in March. (AP Photo/Andrew Harnik, File)

Silicon Valley Bank collapsed because its managers were terrible and regulators dropped the ball, according to a new Fed report

By Christopher Rugaber, Ken Sweet, and others

File – A worker scans onions, limes, and other produce inside the Walmart Supercenter in North Bergen, N.J., Thursday, Feb. 9, 2023. On Friday, the Commerce Department issues its March report on consumer spending. (AP Photo/Eduardo Munoz Alvarez, File)

A key inflation measure is still more than double the Fed’s target rate and it probably means an interest rate hike next week

By Christopher Rugaber and The Associated Press

Federal Reserve Chairman Jerome Powell arrives for the plenary of the International Monetary and Financial Committee (IMFC) meeting, during the World Bank/IMF Spring Meetings at the International Monetary Fund (IMF) headquarters in Washington, Friday, April 14, 2023. (AP Photo/Jose Luis Magana)

Fed Chair Jerome Powell was tricked into a phone call by Russian pranksters posing as Ukraine’s President Zelenskyy

By Christopher Rugaber and The Associated Press

Bed Bath & Beyond

The long-awaited recession still hasn’t arrived. Here are 5 ways to know we’re in an official downturn.

By Christopher Rugaber and The Associated Press

Christopher Waller

Key Fed official sees little progress on inflation for over a year: ‘My job is not done’

By Christopher Rugaber and The Associated Press

Walmart

Personal Finance

Retail sales fall again in March as the almighty American consumer wobbles

By Christopher Rugaber and The Associated Press