Strong financial support from the government and the Federal Reserve have spurred a solid recovery from the pandemic recession, but the rebound may falter without further aid, Fed Chair Jerome Powell warns. read more >
The Federal Reserve expects to keep its benchmark interest rate pegged near zero at least through 2023 as it strives to accelerate economic growth and drive down the unemployment rate. read more >
Federal Reserve Chairman Jerome Powell says the outlook for the U.S. economy is “extraordinarily uncertain” and the success of the recovery effort will depend in large part on the country’s ability to contain the spread of the coronavirus. read more >
Federal Reserve Chair Jerome Powell said Tuesday that the Fed's lending programs for medium-sized businesses and state and local governments would begin operating by the end of this month. read more >
The virus itself is no respecter of persons, but the same is not true of economic collapse. read more >
Federal Reserve Chair Jerome Powell warns of the threat of a prolonged recession resulting from the viral outbreak and urged Congress and the White House to act further to prevent long-lasting economic damage. read more >
The Federal Reserve is taking additional steps to provide up to $2.3 trillion in loans to support the economy. read more >
The Treasury Department wants to dedicate $500 billion to start issuing direct payments to Americans by early next month as the centerpiece of a $1 trillion plan to stabilize the economy amid the coronavirus epidemic. read more >
The Federal Reserve left its benchmark interest rate alone Wednesday and signaled that it expects to keep low rates unchanged through next year. read more >
The Federal Reserve is set to leave its benchmark interest rate unchanged Wednesday and will likely signal that it expects rates to remain low well into next year despite a robust job market. read more >
With the nation's unemployment rate at its lowest point since the 1960s, you might expect the Federal Reserve to be raising interest rates to keep the economy from overheating. Yet the Fed is moving in precisely the opposite direction. read more >
A sharply divided Federal Reserve cut its benchmark interest rate Wednesday for a second time this year while saying it's prepared to continue doing what it deems necessary to sustain the U.S. economic expansion. read more >
Federal Reserve Chairman Jerome Powell says the U.S. economy should keep expanding at a solid, though somewhat slower pace this year. But he warns of growing risks, including a global slowdown, volatile financial markets and uncertainty about U.S. trade policy. read more >
Chairman Jerome Powell is likely to refer this week to a word he's been using to describe the Federal Reserve's latest approach to interest rates: "Patient." read more >
Federal Reserve Chairman Jerome Powell said Friday that he will not resign if asked to do so by President Donald Trump, and that he is prepared to be patient in deciding when to raise interest rates again. read more >
The Federal Reserve has raised its key interest rate for the fourth time this year to reflect the U.S. economy's continued strength but signaling that it expects to slow hikes next year. read more >
Federal Reserve Chairman Jerome Powell said Thursday that the U.S. economy overall is strong but many rural areas are falling farther behind. read more >
Federal Reserve Chairman Jerome Powell says he's pleased with the state of the U.S. economy but cautions that some forms of corporate debt have reached risky levels. read more >
The Federal Reserve says it will conduct a wide-ranging review next year of the strategies and tools it uses to achieve its congressionally mandated goals of maximum employment and price stability. read more >
The U.S. economy grew at a robust annual rate of 4.2 percent in the second quarter, the best performance in nearly four years, though economists believe growth has slowed in the current quarter partly because of a drag from trade. read more >
