Economy May 03 Fed raises rates again but signals a future pause amid banking sector uncertainty By Amna Nawaz, Karina Cuevas
Nation Sep 21 Watch 4:01 News Wrap: House votes on reform to electoral vote count, malaria outbreaks in Pakistan In our news wrap Wednesday, the House approved a bill to block future attempts at subverting presidential elections and close loopholes in the law, medical workers struggled to contain malaria outbreaks as mosquitoes breed in the wake of flooding in…
Economy Dec 15 Watch 7:16 Why the Fed will raise interest rates in 2022, and how soon consumers will feel hikes Federal Reserve officials announced Wednesday they are prepared to fight inflation with as many as three rate hikes, starting next spring, in an effort to cool persistently high inflation. Its benchmark rate, which affects borrowing, lending and economic growth, has…
Economy Sep 27 Boston Fed’s Eric Rosengren to retire early citing health reasons Rosengren's announcement also comes after investments by him and other Fed officials last year have raised questions about the Fed's ethics rules. By Christopher Rugaber, Associated Press
Economy Feb 05 Watch 6:54 Who is bearing the brunt of the pandemic’s economic pain? President Biden's nearly $2 trillion stimulus package on Friday cleared a procedural hurdle in the Senate, as a tepid jobs report confirmed the economy is still sputtering from the pandemic. Raphael Bostic, president and CEO of the Federal Reserve Bank…
Jun 16 WATCH: Powell warns that long downturn would mean severe damage By Martin Crutsinger, Associated Press 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. Continue reading
May 29 WATCH: Powell says Fed will soon begin ‘challenging’ Main Street lending By Christopher Rugaber, Associated Press 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. Continue reading
May 08 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… Continue watching
Apr 09 Watch 7:55 Janet Yellen on this ‘devastating’ economic crisis and the government’s response By Judy Woodruff, Courtney Vinopal 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… Continue watching
Feb 11 Watch 7:02 News Wrap: Thousands of Palestinians protest Trump’s Middle East peace plan 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… Continue watching