The managing director warned of higher inflation and lack of access to vaccines in many countries
Meanwhile, inflation over the past 12 months hit its fastest pace in three decades
A number of Republicans have already criticized the Fed for not beginning to taper
The economy is expected to expand as much as 7% this year, though a resurgent virus could interfere
The measures would seek to avoid an unprecedented default on U.S. national debt
The central bank said in a report that its low-interest-rate policies are providing “powerful support”
That's a pullback from the 4.7% spending surge in March, but the drop was expected
Consumer spending rose 4.2% in March, at its fastest pace in nine months
That marked the sharpest increase in seven months
While the market has proved resilient, the Treasury Department said, the SEC, CFTC will review trading practices