You are viewing the "Federal Bank" Archives
Fed’s Jerome Powell: Jobless Rate Better Than Expected; Recovery To Take A Long Time
By: Steve Inskeep | Scott Horsley | Jim Zarroli | NPR
Posted on:
In an interview with NPR, Powell says it may take years before the economy has fully recovered. He says practicing social distancing and wearing masks is essential for the economy to rebound.
Treasury’s Mnuchin, Fed’s Powell Defend Coronavirus Relief Measures
By: Brian Naylor | Scott Horsley | NPR
Posted on:
The Senate Banking Committee took its first look at spending under the massive CARES Act approved in March. Sen. Elizabeth Warren said more should have been done to keep U.S. workers on the payroll.
Federal Reserve Unveils ‘Extensive New Measures’ To Bolster U.S. Economy
By: Bill Chappell | NPR
Posted on:
Seven U.S. states are now reporting 1,000 or more cases of COVID-19, and experts believe the number of infected people will rise further as testing becomes more available
Fed Cuts Rates To Near Zero As Coronavirus Rips Through Economy
By: Avie Schneider | NPR
Posted on:
The Federal Reserve cut its key interest rate to near zero — a dramatic move not seen since the depths of the 2008 financial crisis. President Trump — who has slammed the Fed — praised the move.
Fed Cuts Interest Rates In Emergency Response To Coronavirus
By: Jim Zarroli | Scott Horsley | NPR
Posted on:
The Federal Reserve’s move was unusual, coming between regularly scheduled policy meetings. Officials also left open the possibility of further cuts if the economic damage gets worse.
Fed Cuts Key Interest Rate Again
By: Associated Press
Posted on:
WASHINGTON (AP) – The Federal Reserve is cutting rates for a second time this year while saying it’s prepared to continue doing what it deems necessary to sustain the U.S…. Read More
Fed Eyes Another Interest Rate Cut To Prop Up The Slowing Economy
By: Scott Horsley | NPR
Posted on:
The Federal Reserve is widely expected to cut interest rates by a quarter percentage point. That could give a lift to the stock market but may not do much to help the economy amid the trade war.
Trump Dismisses Recession Fears, Says Fed Must Help The Economy
By: Scott Horsley | NPR
Posted on:
The Trump administration pushed back hard against warnings of an economic slowdown. But the president is also calling on the Federal Reserve to cut interest rates again to help boost growth.
Fed Chairman Powell Hints At Interest Rate Cut; Stocks Rally
By: Scott Horsley | NPR
Posted on:
The Federal Reserve chairman is testifying before Congress this week about challenges the economy faces. Stocks rallied in anticipation the central bank will lower interest rates later this month.
Fed Ponders When To Cut Interest Rates
By: Scott Horsley | NPR
Posted on:
There’s an unusual air of suspense surrounding the Federal Reserve’s policy meeting, with the possibility that the central bank could cut rates for the first time in nearly 11 years.