federal reserve

Government, Business

Fed Sees Dim Economic Outlook as Virus Squeezes Economy

Jerome Powell Jerome Powell by Andrew Harrer/Bloomberg News

WASHINGTON — The Federal Reserve expressed concern July 29 that the viral outbreak will act as a drag on the economy and hiring in the coming months and said it plans to keep its benchmark short-term interest rate pegged near zero.

Christopher Rugaber | Associated Press
July 29, 2020
Government, Business

Fed Survey Shows Tepid Recovery in Early July

Shoppers walk through a mall in Syracuse, N.Y., on July 10. Shoppers walk through a mall in Syracuse, N.Y., on July 10. (Maranie Staab/Bloomberg News)

Optimism about a nascent recovery in the U.S. economy was dampened by increased uncertainty over the path of the coronavirus, according to a new report from the Federal Reserve.

Catarina Saraiva | Bloomberg News
July 15, 2020
Government, Business

Powell Warns That Long Downturn Would Mean Severe Damage

Federal Reserve Chair Jerome Powell pauses during a news conference in Washington on March 3. Federal Reserve Chair Jerome Powell pauses during a news conference in Washington on March 3. (Jacquelyn Martin/Associated Press)

Federal Reserve Chairman Jerome Powell said the U.S. economy faces a deep downturn with “significant uncertainty” about the timing and strength of a recovery.

Martin Crutsinger | Associated Press
June 16, 2020
Government, Business

Fed Will Begin Buying Broad Portfolio of Corporate Bonds

The Marriner S. Eccles Federal Reserve building in Washington. The Marriner S. Eccles Federal Reserve building in Washington. (Andrew Harrer/Bloomberg News)

The Federal Reserve said June 15 that it will begin buying individual corporate bonds under its Secondary Market Corporate Credit Facility, an emergency lending program that to date has purchased only exchange-traded funds.

June 15, 2020
Government, Business

Fed Sees Interest Rates Near Zero Through 2022

The Marriner S. Eccles Federal Reserve building stands in Washington, D.C. The Marriner S. Eccles Federal Reserve building stands in Washington, D.C. (Andrew Harrer/Bloomberg News)

The Federal Reserve pledged to maintain at least the current pace of asset purchases and projected interest rates will remain near zero through 2022, as Chairman Jerome Powell committed the central bank to using all its tools to help the economy recover from the coronavirus.

June 10, 2020
Government, Business

Powell Warns of Possible Sustained Recession From Pandemic

Federal Reserve Chair Jerome Powell warned of prolonged recession May 13. Federal Reserve Chair Jerome Powell pauses during a news conference in Washington on March 3. (Jacquelyn Martin/Associated Press)

Federal Reserve Chair Jerome Powell warned May 13 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.

Christopher Rugaber | Associated Press
May 13, 2020
Government, Business

Stock Futures Tumble Despite Fed Interest Rate Cut to Near Zero

Federal Reserve building in Washington, D.C Federal Reserve office building in Washington, D.C. (Patrick Semansky/AP)

U.S. stock futures tumbled, wiping out half of the furious last-hour rally March 13 and tripping exchange trading curbs, as investors worried that emergency measures by the Federal Reserve will fall short of cushioning the coronavirus’ blows to the economy.

March 15, 2020
Government, Business

Fed to Buy a Range of Treasury Bonds to Try to Ease Jitters

NYSE traders Traders at the New York Stock Exchange on March 12 by Richard Drew/AP

WASHINGTON — The Federal Reserve will sharply increase its purchases of short-term U.S. Treasury bonds to try to ease anxiety and disruptions in the financial markets over the coronavirus outbreak.

Christopher Rugaber | Associated Press
March 12, 2020
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, Perspective

Perspective: An Unexpectedly Good Job Market

With labor market data for the 2010s behind us after the employment report released earlier this month, the big takeaway for the decade is that a much higher level of employment was possible without generating inflation.

Conor Sen | Bloomberg Opinion
January 22, 2020

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