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
Nov 18 Trump summons Powell to discuss interest rates By Christopher Rugaber, Associated Press Monday’s meeting could fuel concerns that the White House is intensifying public pressure on Jerome Powell -- who was President Donald Trump’s own choice to lead the Fed -- to cut rates more aggressively. Continue reading
Oct 30 WATCH: Federal Reserve cuts benchmark interest rate By Christopher Rugaber, Associated Press The Fed's move reduces the short-term rate it controls — which influences many consumer and business loan rates — to a range between 1.5% and 1.75%. Continue reading
Oct 04 WATCH: Powell says Fed's goal is to keep economy in 'good place' In his brief remarks, Jerome Powell gave no hint on whether the Fed will cut interest rates for a third time this year when it meets later this month. Watch a Federal Reserve panel discussion live in our player. Continue reading
Sep 19 Why the Fed might not have many tools to fight the next recession By Michael W. Klein If a recession hits, the Fed might need to lower rates below zero, which could cause other problems in the financial system. Continue reading