federal reserve

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
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 Saw Declining Recession Risk in December

Federal Reserve Chairman Jerome Powell Federal Reserve Chairman Jerome Powell by Jacquelyn Martin/Associated Press

WASHINGTON — The Federal Reserve’s policymaking committee saw much less risk of recession at its meeting in December, when it kept interest rates steady after three straight cuts and signaled that it expected to keep low rates unchanged through this year.

Christopher Rugaber | Associated Press
January 3, 2020
Government, Business

Fed’s Powell Sees Steady Growth, Signals Pause in Rate Cuts

Jerome Powell Jerome Powell by Andrew Harrer/Bloomberg News

WASHINGTON — Federal Reserve Chairman Jerome Powell expects the U.S. economy to continue growing at a solid pace, though it still faces risks from slower growth overseas and trade tensions.

Christopher Rugaber | Associated Press
November 13, 2019

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