Dec 16 WATCH: Fed chair Jerome Powell discusses economy By Christopher Rugaber, Martin Crutsinger, Associated Press 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. Continue reading
Nov 05 Federal Reserve keeps interest rate at record low By Martin Crutsinger, Associated Press The Fed announced no new actions after its latest policy meeting but left the door open to provide further assistance in the coming months. Continue reading
Apr 29 WATCH: Fed signals it will likely keep rates near zero for months By Christopher Rugaber, Associated Press 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… Continue reading
Feb 14 What negative interest rates mean for businesses and home buyers By David McHugh, Christopher Rugaber, Associated Press 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. Continue reading
Jan 29 WATCH: Federal Reserve leaves key interest rate unchanged 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. Continue reading
Dec 31 Watch 9:29 What trends distinguished the U.S. economy over the past decade? 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… Continue watching
Dec 26 How did markets behave in 2019? Record stocks, lower rates, so-so IPOs 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. Continue reading
Dec 11 Watch 6:26 News Wrap: House opens debate on bill to lower prescription drug costs 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… Continue watching
Dec 11 Federal Reserve leaves interest rates unchanged and foresees no moves in 2020 By Christopher Rugaber, Associated Press The Fed's decision follows three rate cuts earlier this year. Continue reading
Dec 09 Watch 2:15 Remembering former Fed chair and economic giant Paul Volcker By Paul Solman Paul Volcker, who served as chair of the Federal Reserve for two presidents, died Monday. His passing came 40 years after he drove interest rates to record highs in an effort to tame double-digit inflation. Known for his height and… Continue watching