federal reserve
Fed Sees Dim Economic Outlook as Virus Squeezes Economy
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.
July 29, 2020Fed Survey Shows Tepid Recovery in Early July
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.
July 15, 2020Powell Warns That Long Downturn Would Mean Severe Damage
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.
June 16, 2020Fed Will Begin Buying Broad Portfolio of Corporate Bonds
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, 2020Fed Sees Interest Rates Near Zero Through 2022
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, 2020Powell Warns of Possible Sustained Recession From Pandemic
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.
May 13, 2020Stock Futures Tumble Despite Fed Interest Rate Cut to Near Zero
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, 2020Fed to Buy a Range of Treasury Bonds to Try to Ease Jitters
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.
March 12, 2020Fed Cuts Rates Half Point in Emergency Move Amid Spreading Virus
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.
March 3, 2020Perspective: 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.
January 22, 2020