Christopher’s Recent Stories
Economy Mar 18Small 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 17Fed 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 15Fed 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 06U.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 28Powell 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 14What 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 13Trump’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.
Economy Feb 07U.S. economy added 225,000 jobs in January
The unemployment rate rose to 3.6% because a half-million people streamed into the job market in January.
Economy Jan 31Worker compensation rose at slower rate than in 2018
Total salaries and benefits such as health insurance rose 2.7% in 2019, according to the government’s employment cost index, down from 2.9% in the previous year.
Economy Jan 29WATCH: Federal Reserve leaves key interest rate unchanged
The central bank was widely expected to leave its short-term interest rate unchanged. The Fed lowered rates three times last year.