

Politics Mar 23

The two officials struck upbeat notes on the future of the economy in their prepared testimony Tuesday before the House Financial Services Committee while cautioning that the economy still needs help.
By Martin Crutsinger, Associated Press
Economy Mar 04

Federal Reserve Chair Jerome Powell said Thursday that inflation will likely pick up in the coming months but the increase will be temporary, and won’t be enough for the Fed to alter its low-interest rate policies.
By Christopher Rugaber, Associated Press
Economy Feb 24

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.
By Martin Crutsinger, Associated Press
Economy Feb 23

Federal Reserve Chair Jerome Powell underscored the U.S. economy's ongoing weakness Tuesday in remarks that suggested that the Fed sees no need to alter its ultra-low interest rate policies anytime soon.
By Christopher Rugaber, Associated Press
Feb 10

By Christopher Rugaber, Associated Press
Powell spent little time on inflation in prepared remarks for a webcast to the Economic Club of New York.
Jan 27

By Associated Press
The Federal Reserve pledged on Wednesday to keep its low interest rate policies in place even well after the economy has sustained a recovery from the viral pandemic.
Jan 14

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.
Dec 16

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.
Dec 01

By Martin Crutsinger, Associated Press
Treasury Secretary Steven Mnuchin is defending his decision to close down a number of emergency Federal Reserve loan programs at a time when coronavirus cases are surging.
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