NY Fed: U.S. Credit Card Balances Reach Nearly $1 Trillion
NY Fed: U.S. Credit Card Balances Reach Nearly $1 Trillion The New York Fed’s Household Debt and Credit Report found that credit card balances rose to a record high of $986 billion in the fourth quarter of 2022 amid high prices and consistent consumer spending. Total...
Morning Consult Survey: Most Adults with Financial Goals Confident They Will Make Progress This Year, While Many Struggle to Make Ends Meet
Morning Consult Survey: Most Adults with Financial Goals Confident They Will Make Progress This Year, While Many Struggle to Make Ends Meet A recent Morning Consult survey found that 75 percent of Americans with 2023 financial goals are confident they will make...
Biden Taps Fed’s Brainard for National Economic Council Director
Biden Taps Fed’s Brainard for National Economic Council Director Last week, President Biden named Federal Reserve Vice Chair Lael Brainard as his top economic advisor, replacing outgoing NEC Director Brian Deese. Brainard will work alongside Treasury Secretary Janet...
