WATCH: Powell warns that long downturn would mean severe damage
Federal Reserve Chair Jerome Powell will present the semi-annual monetary policy report June 16 before the Senate Committee on Banking, Housing, and Urban Affairs.
WATCH: Powell says Fed will soon begin ‘challenging’ Main Street lending
Federal Reserve Chair Jerome Powell acknowledged Friday that the Fed faces a major challenge with the launch of a program lending directly to private companies.
Watch 6:41
The U.S. economic crisis is even worse than it appears. Here’s what government can do
A new jobs report details a picture of devastating national unemployment not seen since the Great Depression. Neel Kashkari, president of the Federal Reserve Bank of Minneapolis and former assistant secretary of the treasury, joins Judy Woodruff to discuss why…
Watch 7:55
Janet Yellen on this ‘devastating’ economic crisis and the government’s response
Recent moves by the Federal Reserve, including loans to businesses, cities and states as well as interest rate cuts, exceed the entire scope of its response to the 2008 financial crisis. The Brookings Institution's Janet Yellen, former chair of the…
In our news wrap Tuesday, thousands of Palestinians took to the streets in the West Bank and Gaza to protest President Trump’s Middle East peace plan. Mahmoud Abbas, president of the Palestinian Authority, condemned the proposal to the United Nations…
In our news wrap Wednesday, President Trump has signed the USMCA, the new North American trade agreement among the U.S., Canada and Mexico. At a White House ceremony that excluded top Democrats, Trump declared the deal will bolster growth and…
In our news wrap Thursday, President Trump suggested in an interview that the current Federal Reserve policy of gradual rate increases is not helping the economy, but said that he’s “letting them do what they feel is best.” Also, more…
In a much anticipated announcement Thursday, the Federal Reserve said it would leave interest rates unchanged. Watch Fed Chair Janet Yellen's press conference on the announcement, scheduled for 2:30 p.m. EDT Thursday, on pbs.org/newshour.
If and when the Federal Reserve Bank raises interest rates, which is widely expected, it would be the first such hike since the 2008 financial crisis. Raised rates will impact the cost of home mortgages and there will be consequences…
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