Report says businesses pessimistic about economy’s pace of recovery
Businesses across the country surveyed by the Federal Reserve don’t appear to share the Trump administration’s optimism about a rapid economic recovery starting this summer.
Federal reserve set to launch ‘Main Street’ loan program
With the U.S. economy sinking into a severe recession, the Federal Reserve is set to launch a high-risk program through which it will lend money to small and medium-sized companies outside the banking industry for the first time since the…
WATCH: Fed signals it will likely keep rates near zero for months
Fed chair Jerome Powell suggested that given the depth of the U.S. economic catastrophe, with perhaps 30 million people having lost jobs in the past six weeks, it will “probably will take some time for us to get back to…
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.
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…
As states discover increasing numbers of new novel coronavirus cases, public health officials are scrambling to respond -- while also facing questions from a Senate panel on Tuesday about why the U.S. has been so slow to roll out effective…
U.S. stocks jumped Tuesday after the Federal Reserve made an emergency rate cut to help support the economy from the impact from the virus outbreak.
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.
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.
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