Jul 13 Watch 6:41 News Wrap: Consumer prices see 5.4% year on year rise, White House says surge temporary In our news wrap Tuesday, the Federal Reserve and White House said they expect a consumer price surge, up 5.4 percent, to be temporary. There's fresh evidence that COVID-19 infections in the U.S. are rising again, mostly among the unvaccinated. Continue watching
Jun 16 Watch 5:08 News Wrap: Federal Reserve projects rate increases in 2023 as economy recovers from COVID In our news wrap Wednesday, the Federal Reserve signaled it may raise a key, short-term interest rate — from near-zero — sooner than planned. The European Union called for lifting travel restrictions on Americans. North Korea's leader Kim Jong-un warned… Continue watching
Apr 14 Federal Reserve survey finds economy rebounding, helped by stimulus, vaccines By Martin Crutsinger, Associated Press The new survey released Wednesday showed that the Fed's business contacts around the country were expressing more optimism about the economy's outlook as activity accelerated. Continue reading
Apr 08 U.S. nears full reopening to 'different economy,' says Fed Chair Powell By Christopher Rugaber, Associated Press The U.S. economy, boosted by quickening vaccinations and signs of rapid hiring, is headed toward a strong recovery, Federal Reserve Chair Jerome Powell said Thursday. Continue reading
Mar 23 WATCH: Yellen, Powell say more needed to promote pandemic recovery By Martin Crutsinger, Associated Press The two officials struck upbeat notes on the future of the economy in their prepared testimony Tuesday before the House Financial Services Committee while cautioning that the economy still needs help. Continue reading
Mar 04 Chairman Powell says higher inflation is temporary, fed will be 'patient' By Christopher Rugaber, Associated Press Federal Reserve Chair Jerome Powell said Thursday that inflation will likely pick up in the coming months but the increase will be temporary, and won’t be enough for the Fed to alter its low-interest rate policies. Continue reading
Feb 24 Chairman Powell says Federal Reserve is in no hurry to raise interest rates By Martin Crutsinger, Associated Press Powell also warned Wednesday that many who had worked in industries hardest hit by the pandemic and ensuing recession will likely need to find different jobs. Continue reading
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