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The Federal Reserve

NRF Economist: Inflation remains key

NRF Economist: Inflation remains key

WASHINGTON – Inflation and the Federal Reserve’s efforts to bring it under control will remain big factors in the economy this year, according to National Retail Federation Chief Economist Jack Kleinhenz.“With the U.S. economy’s strength resting heavily on household spending, all eyes are on the consumer – and how consumers will respond the next few

Retailers say proposed swipe fee cut is not enough

Retailers say proposed swipe fee cut is not enough

WASHINGTON – A retail group said Wednesday that a proposed reduction in the “swipe” fees that merchants pay banks to process debit card transactions is welcome but doesn’t go far enough. The Merchants Payments Coalition responded to the Federal Reserve’s proposal to lower the basic amount banks are allowed to charge from a maximum of