Sep 16 WATCH: U.S. Federal Reserve adjusts inflation target to keep interest rates low By Associated Press The Federal Reserve adjusted its inflation target to seek price increases above 2 percent annually, a move that will likely keep interest rates low for years to come. Continue reading
Aug 26 Powell edges toward loosening the Fed’s stance on inflation By Martin Crutsinger, Associated Press In a sign of how vastly the U.S. economic landscape has changed, Federal Reserve Chairman Jerome Powell may be on the verge of sending a new message this week: That the Fed plans to leave its key rate pinned near… Continue reading
Aug 18 Coin shortage hits retailers, laundromats and even the tooth fairy By Sarah Skidmore Sell, Associated Press The national coin shortage has been an unusual side effect of the pandemic. Among its victims: retailers, laundromats and even the tooth fairy. Continue reading
Jul 29 Fed wrestles with its next moves as virus stalls U.S. economy By Associated Press The central bank is working toward providing more specific guidance on the conditions it would need to see before considering raising its benchmark short-term interest rate, which is now pegged near zero. Continue reading
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