Maria Eloisa Capurro

Federal Reserve Bank of Boston President Susan Collins said interest rates should remain on hold for “some time,” arguing she is particularly concerned about elevated inflation.

Federal Reserve Bank of Boston president Susan Collins said interest rates should remain on hold for “some time,” arguing she is particularly concerned about elevated inflation.

(Bloomberg) -- The Federal Reserve board on Friday named Jerome Powell chair pro tempore until his successor Kevin Warsh is officially sworn in, the central bank said in a statement.

Federal Reserve Bank of New York’s Roberto Perli said the central bank’s monthly Treasury bill purchases are not on a pre-determined course and can be adjusted depending on market conditions.

Kevin Warsh is poised to take the helm of the US central bank later this week facing pressure from the White House to deliver interest-rate cuts and growing resolve from his colleagues to stand pat. Now the bond market is piling on.

Federal Reserve Bank of Philadelphia President Anna Paulson said she favored holding interest rates steady and conditioned lower borrowing costs on making sustained progress on inflation.

The rise of remote work explains more of the recent increase in unemployment among young college graduates than the proliferation of artificial intelligence, according to a Federal Reserve Bank of New York study.

El auge del trabajo remoto explica una mayor proporción del reciente aumento del desempleo entre los jóvenes graduados universitarios que la expansión de la inteligencia artificial, según un estudio del Banco de la Reserva Federal de Nueva York.

The rise of remote work explains more of the recent increase in unemployment among young college graduates than the proliferation of artificial intelligence, according to a Federal Reserve Bank of New York study.

Some 64% of the rise in jobless rates among college-educated workers under the age of 29 vs. prepandemic levels can be attributed to work-from-home