Colby Smith in New York

The emergency lending facilities rolled out by the Federal Reserve at the start of the pandemic threaten to set a dangerous precedent that will put pressure on the central bank to fund all manner of government projects — including even the…

With financial markets already selling off on fears over the Omicron coronavirus variant, it might have seemed like an odd moment for the chair of the Federal Reserve to make his most hawkish comments on monetary policy since the start of…

Rising Covid-19 cases and the new Omicron variant threaten to imperil the economic recovery and exacerbate inflationary pressures, Federal Reserve chair Jay Powell is set to tell US lawmakers on Tuesday.In testimony to be delivered at a…