Economy Sep 30 WATCH: Treasury Secretary Yellen and Fed Chair Powell testify on pandemic recovery Treasury Secretary Janet Yellen and Fed Chair Jerome Powell are expected to testify before the House Committee on Financial Services on Thursday about the pandemic recovery.
Economy Sep 29 WATCH: Federal Reserve Chair defends Federal policies, says inflation may persist At a panel sponsored by the European Central Bank on Wednesday Powell said the Fed has avoided the mistake of underestimating the severity of pandemic's economic impact. But criticism of the Fed's policies has grown in recent months as inflation…
Economy Sep 27 Boston Fed’s Eric Rosengren to retire early citing health reasons Rosengren's announcement also comes after investments by him and other Fed officials last year have raised questions about the Fed's ethics rules.
Economy Sep 22 WATCH: Under pressure, Powell says Federal Reserve to revamp its trading rules 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, the first step toward unwinding the extraordinary support it’s given the economy since the…
Economy Sep 16 Federal Reserve reviews ethics policies after prolific trading uncovered The Federal Reserve is reviewing the ethics policies that cover the financial holdings of its senior officials in the wake of disclosures that two regional Fed presidents engaged in extensive trading last year.
Economy Sep 03 WATCH: Biden addresses weak gains in jobs report for August President Joe Biden is expected to speak at 10 a.m. Eastern today. Watch the president's remarks here.
Economy Sep 03 U.S. hiring slows to just 235,000 jobs after two strong months America’s employers added just 235,000 jobs in August, a surprisingly weak gain after two months of robust hiring at a time when the delta variant’s spread has discouraged some people from flying, shopping and eating out.
Economy Sep 02 Millions to lose jobless aid as federal pandemic relief ends on Monday Millions of jobless Americans who have depended on federal unemployment aid as a financial lifeline are about to lose those benefits just as the delta variant of the coronavirus poses a renewed threat to the economy and the job market.
Economy Aug 27 Fed on track to slow aid for economy later this year, says Powell 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 Friday.
Economy Aug 12 U.S. jobless claims near pandemic low as economy strengthens The number of Americans seeking unemployment benefits fell for a third straight time last week, the latest sign that employers are laying off fewer people as they struggle to fill a record number of open jobs and meet a surge…