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Jerome Powell

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Dec 01

WATCH: Mnuchin defends shut down of Fed emergency loan programs

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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Nov 30

Powell: Economic recovery ‘unlikely until people are confident’ in safety from virus

By Martin Crutsinger, Associated Press

In remarks released by the Fed on Monday, Powell said that the increase in new COVID-19 cases both in the United States and abroad was "concerning and could prove challenging for the next few months.

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Nov 17

Federal Reserve Chair Jerome Powell says surge in virus cases threatens U.S. economy

By Christopher Rugaber, Associated Press

Powell said the threat also means Congress and the White House should provide more stimulus spending to support the unemployed, states and cities, and small businesses, and to keep the economy afloat.

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Oct 06

Stocks drop after President Trump calls off stimulus talks

By Stan Choe, Damian J. Troise, Alex Veiga, Associated Press

Stocks dropped on Wall Street Tuesday after President Donald Trump ordered a stop to negotiations with Democrats over another round of aid for the economy until after the election.

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Oct 06

Fed Chair Powell says lack of further stimulus ‘would lead to a weak recovery’

By Christopher Rugaber, Associated Press

Strong financial support from the government and the Federal Reserve have spurred a solid recovery from the pandemic recession, but the rebound may falter without further aid, Fed Chair Jerome Powell warned Tuesday.

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Sep 22

WATCH: Powell and Mnuchin voice optimism about economy but back more aid

By Martin Crutsinger, Associated Press

Both officials stressed that major sectors of the economy were still suffering.

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Sep 16

WATCH: U.S. Federal Reserve adjusts inflation target to keep interest rates low

By Associated Press

The Federal Reserve adjusted its inflation target to seek price increases above 2 percent annually, a move that will likely keep interest rates low for years to come.

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Aug 26

Powell edges toward loosening the Fed’s stance on inflation

By Martin Crutsinger, Associated Press

In a sign of how vastly the U.S. economic landscape has changed, Federal Reserve Chairman Jerome Powell may be on the verge of sending a new message this week: That the Fed plans to leave its key rate pinned near…

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Jul 29

Fed wrestles with its next moves as virus stalls U.S. economy

By Associated Press

The central bank is working toward providing more specific guidance on the conditions it would need to see before considering raising its benchmark short-term interest rate, which is now pegged near zero.

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Jul 01

Federal Reserve meeting minutes show concern about steep economic downturn

By Martin Crutsinger, Associated Press

Fed officials noted that the crisis was not falling equally on all Americans. The minutes say officials discussed how the sharp rise in joblessness had been especially severe for lower-wage workers, women, African Americans, and Hispanics.

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Full Episode
Friday, May 20

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