Craig Torres and Rich Miller

Government, Business

Fed to Maintain Bond Buys Until Economy Improves

Federal Reserve building in Washington, D.C., at night

The Federal Reserve strengthened its commitment to support the U.S. economy, promising to maintain its massive asset purchase program until it sees “substantial further progress” in employment and inflation.

December 16, 2020
Government, Business

Powell Says Economy in Favorable Place, Faces Significant Risks

Jerome Powell Jerome Powell by Bloomberg News

Federal Reserve Chairman Jerome Powell said the U.S. economy is in a favorable place but faces “significant risks” as growth abroad slows amid trade uncertainty.

August 23, 2019