May 17 Watch 5:24 News Wrap: FDA approves Pfizer’s COVID-19 booster for children age 5 to 11 In our news wrap Tuesday, the FDA authorized Pfizer's low-dose COVID booster for kids 5 to 11 years old, China restricted more Beijing residents to their homes to help control a small outbreak, U.S highway deaths shot up last year… Continue watching
May 05 Watch 4:06 Stocks plummet in worst day since 2020 as economic forecast darkens The stock market had its worst day since 2020 on Thursday, just one day after the Dow Jones Industrial Index average posted its best day in years. Washington Post columnist Catherine Rampell joins Judy Woodruff to discuss. Continue watching
May 04 Watch 4:26 Federal Reserve implements largest interest rate hike since 2000 By Paul Solman, Courtney Norris, Ryan Connelly Holmes, Dorothy Hastings The Federal Reserve raised interest rates again Wednesday in an effort to stamp down surging inflation. It increased rates by a half-percentage point, a move that will affect the pocketbooks of millions of Americans. Fed Chair Jerome Powell said more… Continue watching
May 04 WATCH: Federal Reserve Chair Jerome Powell gives update as Fed announces interest rate hike By Christopher Rugaber, Associated Press The Fed also announced that it will start reducing its huge $9 trillion balance sheet, made up mainly of Treasury and mortgage bonds. Reducing those holdings will have the effect of further raising loan costs throughout the economy. Continue reading
Jan 26 WATCH: Federal Reserve plans to raise rates as soon as March to cool down inflation By Christopher Rugaber, Associated Press The Federal Reserve signaled Wednesday that it plans to begin raising its benchmark interest rate as soon as March, a key step in reversing its pandemic-era low-rate policies that have fueled hiring and growth but also escalated inflation. Continue reading
Dec 15 Watch 7:16 Why the Fed will raise interest rates in 2022, and how soon consumers will feel hikes Federal Reserve officials announced Wednesday they are prepared to fight inflation with as many as three rate hikes, starting next spring, in an effort to cool persistently high inflation. Its benchmark rate, which affects borrowing, lending and economic growth, has… Continue watching
Aug 27 Fed on track to slow aid for economy later this year, says Powell By Christopher Rugaber, Associated Press The Federal Reserve will start dialing back its ultra-low-rate policies this year as long as hiring continues to improve, Chair Jerome Powell said Friday. Continue reading
Jun 30 WATCH: Biden signs three bills overturning Trump-era rules By Associated Press “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. 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
Jan 14 Powell signals Federal Reserve will keep aiding economy with bond buying By Christopher Rugaber, Associated Press 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. Continue reading