Economy Apr 16 U.S. job losses mount as economic pain deepens worldwide The ranks of Americans thrown out of work by the coronavirus ballooned Thursday to more than 20 million in just four weeks, an unprecedented collapse fueling widening protests and propelling President Donald Trump's push to relax the nation's social distancing…
Economy Mar 23 Fed to buy as much government debt as needed to aid economy The Fed's announcement Monday removes any dollar limits from its plans to support the flow of credit through an economy that has been ravaged by the viral outbreak.
Economy Mar 20 Federal Reserve to lend additional $1 trillion a day to large banks The Federal Reserve has moved with unprecedented force and speed to pump huge amounts of cash into the financial system to ease disruptions that have escalated since the viral outbreak.
Economy Mar 18 Small businesses face devastation as damage from virus grows Across the country, in industries of every kind and size, the coronavirus outbreak has devastated small businesses.
Economy Mar 17 Fed launches 2 emergency programs last seen in the Great Recession The Federal Reserve has put in motion two emergency lending programs that were last deployed in response to the 2008 financial crisis, aiming to ease the flow of credit to businesses and households struggling amid the viral outbreak.
Economy Mar 15 Fed takes emergency steps to slash rates and ease bank rules The Federal Reserve took emergency action Sunday and slashed its benchmark interest rate by a full percentage point to nearly zero and announced it would purchase more Treasury securities to encourage lending to try to offset the impact of the…
Nation Mar 06 U.S. added 273K jobs in February before virus escalated If employers were to start slashing jobs as a consequence of the virius, it could significantly escalate the economic damage.
Economy Feb 28 Powell says Fed will ‘use our tools’ to support economy amid coronavirus concerns Federal Reserve Chairman Jerome Powell pledged Friday that the Fed will "use our tools" to support the economy, an effort to ease fears and a strong signal of a likely rate cut, perhaps at its next meeting March 17-18.
Economy Feb 14 What negative interest rates mean for businesses and home buyers Ultra-low rates have helped push up stock markets to record highs, as vanishing returns on safe assets lead to a search for returns elsewhere.
Politics Feb 13 Trump’s Fed pick faces sharp criticism in Senate hearing One of President Donald Trump's nominees for the Federal Reserve came under sharp questioning from senators over her unorthodox economic views, including from two Republicans whose doubts about her nomination could imperil it.