WATCH: Biden signs three bills overturning Trump-era rules
“Each of these rules reflects a return to common sense and a commitment to the common good,” Biden said before the signing, surrounded by congressional leaders who joined him as he turned each resolution into law.
Chairman Powell says Federal Reserve is in no hurry to raise interest rates
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.
Powell signals Federal Reserve will keep aiding economy with bond buying
Federal Reserve Chair Jerome Powell sought Thursday to tamp down any concerns that the Fed might soon withdraw some of its support for the U.S. economy and stressed that any such pullback would be signaled far in advance.
WATCH: Fed chair Jerome Powell discusses economy
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.
The Fed announced no new actions after its latest policy meeting but left the door open to provide further assistance in the coming months.
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…
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.
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…
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