NEW YORK (Reuters) -Warren Buffett said he expects the U.S. government to increase taxes to tackle widening fiscal deficits rather than reduce spending. I think higher taxes are likely, he said on Saturday at Berkshire Hathaway's ( BRK/A ) annual shareholder meeting in Omaha. They may decide that some day they don't want the fiscal deficit to be this large...

PALO ALTO, California (Reuters) - New York Federal Reserve Bank President John Williams on Friday said he believes the U.S. central bank's 2% target for inflation is critical to its efforts to achieve price stability. Theory and experience have also shown the importance of transparency and clear communication, including setting an explicit, numerical longer-run inflation target, and of taking appropriate...

April 30-May 1 Fed meeting On May 1, 2024, the FOMC decided to hold steady on interest rates. The benchmark rate remains at 5.25-5.5 percent. Most personal loans have fixed rates, so current borrowers do not need to worry about their interest rates changing. Borrowers in the market for a personal loan should prepare for rising interest rates, but there...

PALO ALTO, California (Reuters) - The U.S. Federal Reserve should beef up its quarterly dot plot of policymakers' interest-rate-path views by including the individual economic expectations that inform each one, Austan Goolsbee, president of the Chicago Fed, said on Friday. The dot plot, published every three months since 2012, is a graph depicting where each of the 19 U.S. central...