Jul 01 Federal Reserve meeting minutes show concern about steep economic downturn By Martin Crutsinger, Associated Press Fed officials noted that the crisis was not falling equally on all Americans. The minutes say officials discussed how the sharp rise in joblessness had been especially severe for lower-wage workers, women, African Americans, and Hispanics. Continue reading
Jun 19 WATCH: Powell discusses ways to rebuild the workplace amid COVID-19 By Associated Press The chairman's remarks to a House committee came on the second day of his semi-annual testimony to Congress on monetary policy. Continue reading
Jun 16 Watch 6:20 News Wrap: Man arrested after Albuquerque protest shooting In our news wrap Tuesday, police in Albuquerque, New Mexico, have arrested a man after a shooting during a protest Monday night. It happened as demonstrators tried to tear down a Spanish conquistador’s statue and confronted armed men who were… Continue watching
Jun 10 Watch 5:17 News Wrap: Former DOJ employees call for investigation of Barr In our news wrap Wednesday, some 1,250 former Justice Department employees are calling to investigate Attorney General William Barr for his decision to forcibly remove peaceful protesters from near the White House last week. Their request was made Wednesday to… Continue watching
Jun 10 Federal Reserve to keep providing aid and sees no rate hike through 2022 By Christopher Rugaber, Associated Press The Federal Reserve says it will keep buying bonds to maintain low borrowing rates and support the U.S. economy in the midst of a recession. And it says nearly all the Fed's policymakers foresee no rate hike through 2022. Continue reading
Jun 10 WATCH: Fed ‘not thinking about raising rates,’ Powell says By Christopher Rugaber, Associated Press Chairman Jerome Powell faces a challenging task Wednesday: He'll need to make a convincing case that the Federal Reserve is committed to using all its tools to bolster an economy gripped by recession — without making any policy changes to… Continue reading
Jun 05 U.S. consumers shunned borrowing in April as economy shut down By Martin Crutsinger, Associated Press U.S. consumer borrowing plunged in April as households fretted about the disruptions caused by the coronavirus pandemic and cut back on their use of credit. Continue reading
May 28 Watch 8:35 Why U.S. economic policy needs to support all Americans to be successful The economic toll of the pandemic and the ensuing shutdowns continues to grow, with more than 40 million people losing jobs so far. Although economic activity will pick up as businesses reopen, there is growing debate about how government policy… Continue watching
May 27 Report says businesses pessimistic about economy’s pace of recovery By Martin Crutsinger, Associated Press 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. Continue reading
May 04 Federal reserve set to launch ‘Main Street’ loan program By Christopher Rugaber, Associated Press 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… Continue reading