Christopher Rugaber

Stay informed with Christopher Rugaber’s coverage and analysis for Fortune.

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Jerome Powell

3 things that keep driving inflation so high—and raising the risk of recession

By Christopher Rugaber and The Associated Press

Jerome Powell

Why only higher unemployment can solve inflation now: ‘Prices go up like rockets and down like feathers’

By Christopher Rugaber and The Associated Press

businessman at laptop

Your pay rise got wiped out by inflation again in September. Get ready for another big Fed hike.

By Christopher Rugaber and The Associated Press

veterinary visit for duck

All the pandemic pets are overwhelming veterinarians: ‘How much higher can this spiral before something gives here?’

By Christopher Rugaber and The Associated Press

Susan Collins

Higher unemployment and slower growth are coming, new Boston Fed chief says, but she thinks the economy can stand it

By Christopher Rugaber and The Associated Press

Jerome Powell

Jerome Powell has a tough message for investors: Tighten your seatbelts, because recession and unemployment are coming

By Christopher Rugaber and The Associated Press

Jerome Powell

How high will the Fed go? Third straight hike to highest level in 14 years expected

By Christopher Rugaber and The Associated Press

U.S. Federal Reserve Chair Jerome Powell attends a press conference in Washington, D.C., the United States, on July 27, 2022. The U.S. Federal Reserve on Wednesday raised its benchmark interest rate by 75 basis points, the second in a row of that magnitude, as elevated inflation showed no clear sign of easing. (Photo by Liu Jie/Xinhua via Getty Images)

Fed Chair Powell tries to reassure public that interest rate hikes won’t cause a deep recession

By Christopher Rugaber and The Associated Press

WASHINGTON, DC – JUNE 23: Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System testifies before the House Committee on Financial Services June 23, 2022 in Washington, DC. Powell testified on monetary policy and the state of the U.S. economy.

Fed Chair Jerome Powell cleared of wrongdoing over his investment trading

By Christopher Rugaber and The Associated Press

Women walking past a help wanted sign

U.S. employers add a solid 372,000 jobs in sign of resilience

By Christopher Rugaber and The Associated Press

Fed Chair Jerome Powell

Personal Finance

Fed attacks inflation with its largest rate hike since 1994

By Christopher Rugaber and The Associated Press

In this image provided by the Northern Illinois Food Bank, Kisha Galvan and her grandchildren, pose for a photo after stocking up on food items from the Northern Illinois Food Bank on May 26, 2022, in Rockford, Ill. Galvan was able to stock up on groceries for the week and buy extras like clothing and shoes at Walmart for her children last year. (Haley Overbeek/Northern Illinois Food Bank via AP)

Personal Finance

The wealthy splurge, the poorest pull back as inflation divides: ‘I shop meal to meal’

By Christopher Rugaber, Anne D'Innocenzio, and others

Dan Gabel, right, and fellow musicians perform in downtown Boston, Tuesday, May 10, 2022. Gabel has canceled Netflix and other streaming services and tried to cut back on driving as the costs of gas, food, and other items, such as the lubricants he uses for his instruments, has soared. In the photo, from left to right, are Eric Baldwin, banjo; Ed Goroza, sousaphone; Josiah Reibstein, trombone; and Gabel, trumpet. (AP Photo/Steve LeBlanc)

Consumers defy inflation to support economy. For how long?

By Christopher Rugaber, Anne D'Innocenzio, and others

Fed Chair Jerome Powell

Senate confirms Jerome Powell for second term as Fed fights inflation

By Christopher Rugaber and The Associated Press

Woman at a gas station

U.S. inflation hit 8.3% last month but slows from 40-year high

By Christopher Rugaber and The Associated Press