

Economy Dec 16

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.
By Christopher Rugaber, Martin Crutsinger, Associated Press
Politics Nov 05

The Fed announced no new actions after its latest policy meeting but left the door open to provide further assistance in the coming months.
By Martin Crutsinger, Associated Press
Economy Apr 29

Fed chair Jerome Powell suggested that given the depth of the U.S. economic catastrophe, with perhaps 30 million people having lost jobs in the past six weeks, it will “probably will take some time for us to get back to…
By Christopher Rugaber, Associated Press
Economy Feb 14

Ultra-low rates have helped push up stock markets to record highs, as vanishing returns on safe assets lead to a search for returns elsewhere.
By David McHugh, Christopher Rugaber, Associated Press
Jan 29

By Christopher Rugaber, Associated Press
The central bank was widely expected to leave its short-term interest rate unchanged. The Fed lowered rates three times last year.
As the year comes to a close, we look back at the past decade in the American economy -- the first without a recession since record-keeping began in the 1950s. While unemployment remains at a historic low, wage growth has…
Dec 26

By Alex Veiga, Associated Press
Through it all, the U.S. economy and consumers' appetite for spending remained resilient, supporting the market's record-shattering, year-end rally.
In our news wrap Wednesday, the House opened debate on a Democratic bill to lower prescription drug costs through government negotiations. House Speaker Nancy Pelosi appealed for bipartisan support, but Sen. Mitch McConnell said he won’t bring the bill up…
Dec 11

By Christopher Rugaber, Associated Press
The Fed's decision follows three rate cuts earlier this year.
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