Craig Torres

Government, Business

Fed Cuts Rates Half Point in Emergency Move Amid Spreading Virus

Coronavirus A commuter wears a face mask in the Metro Center train station in Washington. (Sarah Silbiger/Bloomberg News)

The U.S. Federal Reserve delivered an emergency half-percentage point interest rate cut March 3 in a bid to protect the longest-ever economic expansion from the spreading coronavirus.

Craig Torres | Bloomberg News
March 3, 2020
Government, Business

Fed Says Economic Growth Was Modest in Final Weeks of 2019

Federal Reserve building Federal Reserve building (Bloomberg News)

The U.S. economy kept growing at a modest clip as 2019 drew to a close, while a deterioration in manufacturing employment belied overall tight job market conditions across the country, a Federal Reserve survey showed.

Craig Torres | Bloomberg News
January 15, 2020
Government, Business

Federal Reserve Cuts Rate .25%

Jerome Powell U.S. Federal Reserve Chairman Jerome Powell (Andrew Harrer/Bloomberg News)

Federal Reserve policymakers lowered their main interest rate for a second time this year while splitting over the need for further easing, caught between uncertainty over trade and global growth and a domestic economy that’s holding up well.

Craig Torres | Bloomberg News
September 18, 2019
Business

Fed Leaves Key Rate Unchanged With Economy 'Rising at Strong Rate’

Federal Reserve building in Washington, D.C. Andrew Harrer/Bloomberg News

Federal Reserve officials left the benchmark interest rate unchanged while reiterating their plan to gradually lift borrowing costs to keep the economy expanding at a healthy pace.

Craig Torres | Bloomberg News
August 1, 2018
Government, Business

Bernanke Says US Economy Faces ‘Wile E. Coyote’ Moment in 2020

U.S. economic growth could face a challenging slowdown as the Trump Administration’s powerful fiscal stimulus fades after two years, according to former Federal Reserve Chairman Ben Bernanke.

Craig Torres | Bloomberg News
June 8, 2018
Government, Business

Fed Says US Economy Continued to Expand Across Most Regions

MoDot/Flickr

The U.S. economy continued to expand from early October through mid-November with little inflation as retail sales, real estate markets and business service firms saw rising activity, a Federal Reserve survey showed.

Craig Torres | Bloomberg News
November 30, 2016