Fed to Accelerate Withdrawal of Economic Aid as Prices Surge
WASHINGTON — Under Chair Jerome Powell, the Federal Reserve is poised this week to execute a sharp turn toward tighter interest rate policies with inflation accelerating and unemployment falling faster than expected.
Fed Says Price Rises Robust Amid Strong Demand, Supply Snags
The U.S. economy grew at a modest to moderate pace through mid-November while price hikes were widespread amid supply chain disruptions and labor shortages, the Federal Reserve said.
Fed Likely to Signal a Coming Pullback in Economic Support
WASHINGTON — The Federal Reserve is expected this week to send its clearest signal yet that it will start reining in its ultra-low-interest rate policies later this year, a first step toward unwinding the extraordinary support it has given the economy since the pandemic struck 18 months ago.
Powell Says Fed on Track to Slow Aid for Economy Later This Year
WASHINGTON — The Federal Reserve will start dialing back its ultra-low-rate policies this year as long as hiring continues to improve, Chair Jerome Powell said Aug. 27, signaling the beginning of the end of the Fed’s extraordinary response to the pandemic recession.
Fed Sees Supply Chain Issues Growing Despite Better US Outlook
The Federal Reserve is seeing both labor and material shortages mounting across several sectors of the U.S. economy, which may have consumers paying even more for everything from fuel to new homes.
Fed’s Powell: Economic Recovery Is Uneven, Incomplete
WASHINGTON — Federal Reserve Chair Jerome Powell underscored the U.S. economy’s ongoing weakness Feb. 23 in remarks that suggested that the Fed sees no need to alter its ultra-low interest rate policies anytime soon.
Fed Extends Main Street Program to Process Last Submitted Loans
The Federal Reserve has delayed the termination of the Main Street Lending Program to Jan. 8, from Dec. 31, to finish processing loans submitted by a Dec. 14 deadline to tap its funds.
Fed to Maintain Bond Buys Until Economy Improves
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.
Fed to Weigh Further Options for Aiding US Economy
WASHINGTON — The Federal Reserve’s policymakers face an unusual conundrum as they meet this week: a short-term economic outlook that is worsening even while the longer-term picture is brightening thanks to the emergence of coronavirus vaccines
Fed Sees Moderate Growth With Virus Causing Slowdowns
The U.S. economic recovery remained moderate across much of the country, and showed signs of a slowdown in areas where coronavirus cases are particularly high, according to a Federal Reserve report.