Feb 19 Federal Reserve sees modest pickup in hiring this month By Christopher Rugaber, Associated Press The Federal Reserve says there’s evidence that hiring has picked up in recent weeks, though the job market remains badly damaged by the pandemic. Continue reading
Feb 10 Powell stresses commitment to full employment and low rates By Christopher Rugaber, Associated Press Powell spent little time on inflation in prepared remarks for a webcast to the Economic Club of New York. Continue reading
Jan 27 WATCH: Fed chair Jerome Powell holds press conference on economy By Associated Press The Federal Reserve pledged on Wednesday to keep its low interest rate policies in place even well after the economy has sustained a recovery from the viral pandemic. Continue reading
Dec 16 WATCH: Fed chair Jerome Powell discusses economy By Christopher Rugaber, Martin Crutsinger, Associated Press The Federal Reserve said it will keep buying government bonds until the economy makes "substantial" progress — a step intended to reassure financial markets and keep long-term borrowing rates low indefinitely. Continue reading
Nov 30 Powell: Economic recovery ‘unlikely until people are confident’ in safety from virus By Martin Crutsinger, Associated Press 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. Continue reading
Nov 20 McConnell proposes shifting unspent small business funds to COVID-19 aid By Associated Press 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. Continue reading
Nov 19 Mnuchin rejects renewal of some Federal Reserve emergency loan programs By Martin Crutsinger, Christopher Rugaber, Associated Press 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. Continue reading
Nov 05 Federal Reserve keeps interest rate at record low By Martin Crutsinger, Associated Press The Fed announced no new actions after its latest policy meeting but left the door open to provide further assistance in the coming months. Continue reading
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%. Continue reading