Fed Will Begin Buying Broad Portfolio of Corporate Bonds
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.
Fed Sees Interest Rates Near Zero Through 2022
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.
Powell Warns of Possible Sustained Recession From Pandemic
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.
Stock Futures Tumble Despite Fed Interest Rate Cut to Near Zero
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
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.
Fed Cuts Rates Half Point in Emergency Move Amid Spreading Virus
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.
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.
Fed Says Economic Growth Was Modest in Final Weeks of 2019
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.
Federal Reserve Saw Declining Recession Risk in December
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.
Fed’s Powell Sees Steady Growth, Signals Pause in Rate Cuts
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.