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Economy Dec 16

WATCH: Fed chair Jerome Powell discusses economy

By Christopher Rugaber, Martin Crutsinger, Associated Press

Economy Nov 30

Powell: Economic recovery ‘unlikely until people are confident’ in safety from virus

In remarks released by the Fed on Monday, Powell said that the increase in new COVID-19 cases both in the United States and abroad was "concerning and could prove challenging for the next few months.

By Martin Crutsinger, Associated Press

Economy Nov 20

McConnell proposes shifting unspent small business funds to COVID-19 aid

Senate Majority Leader Mitch McConnell is proposing that Congress funnel $455 billion of unspent small business lending funds toward a new COVID-19 aid package.

By Associated Press

Economy Nov 19

Mnuchin rejects renewal of some Federal Reserve emergency loan programs

The central bank said it "would prefer that the full suite of emergency facilities established during the coronavirus pandemic continue to serve their important role as a backstop for our still-strained and vulnerable economy.

By Martin Crutsinger, Christopher Rugaber, Associated Press

Politics Nov 05

Federal Reserve keeps interest rate at record low

The Fed announced no new actions after its latest policy meeting but left the door open to provide further assistance in the coming months.

By Martin Crutsinger, Associated Press

Oct 06

Fed Chair Powell says lack of further stimulus ‘would lead to a weak recovery’

By Christopher Rugaber, Associated Press

Strong financial support from the government and the Federal Reserve have spurred a solid recovery from the pandemic recession, but the rebound may falter without further aid, Fed Chair Jerome Powell warned Tuesday.

Continue reading

Sep 16

Federal Reserve sees interest rates near zero, at least through 2023

By Christopher Rugaber, Associated Press

The Fed’s moves are occurring against the backdrop of an improving yet still weak economy, with hiring slowing and the unemployment rate at 8.4%.

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Sep 16

WATCH: U.S. Federal Reserve adjusts inflation target to keep interest rates low

By Associated Press

The Federal Reserve adjusted its inflation target to seek price increases above 2 percent annually, a move that will likely keep interest rates low for years to come.

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Aug 26

Powell edges toward loosening the Fed’s stance on inflation

By Martin Crutsinger, Associated Press

In a sign of how vastly the U.S. economic landscape has changed, Federal Reserve Chairman Jerome Powell may be on the verge of sending a new message this week: That the Fed plans to leave its key rate pinned near…

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Aug 18

Coin shortage hits retailers, laundromats and even the tooth fairy

By Sarah Skidmore Sell, Associated Press

The national coin shortage has been an unusual side effect of the pandemic. Among its victims: retailers, laundromats and even the tooth fairy.

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Tuesday, Jan 26

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