Monday, January 18, 2021

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Fed keeps rate near zero but sees brighter economy in 2021

WASHINGTON (AP) – The Federal Reserve said Wednesday that it will keep buying government bonds until the economy makes “substantial” progress – a step...
ECONOMIC ACTIVITY in New England continued to expand in October and early November, according to the Federal Reserve's Beige Book report.

The Fed: New England economy continued to expand in Oct., Nov.

PROVIDENCE – Economic activity in New England continued to expand in October and early November, according to the Federal Reserve’s Beige Book report released...

Fed’s Powell says virus spike threatens U.S. economy

WASHINGTON (AP) – Federal Reserve Chair Jerome Powell said Tuesday that the nationwide surge in confirmed coronavirus could slow the economy in the months...

Fed’s loan program missing mark

Across Rhode Island and the country, the Federal Reserve’s Main Street Lending Program has not lived up to its potential. The program sought to help...

Is this a ‘K’ recession? Or some other letter?

Recessions – typically defined as two consecutive quarters of declining economic output – are always painful in terms of how they affect our economic well-being. Fortunately,...
FED CHAIR Jerome Powell said that the economy's recovery from the COVID-19 pandemic may falter without further aid in a speech to the National Association for Business Economics. / AP FILE PHOTO/BILL O'LEARY/THE WASHINGTON POST

Fed’s Powell: Lack of further stimulus imperils recovery

WASHINGTON (AP) – Strong financial support from the government and the Federal Reserve have spurred a solid recovery from the pandemic recession, but the...

Fed plan to spur inflation has risks

In a healthy economy, prices tend to go up – a process called inflation. While you might not like that as a consumer, moderate price...

Federal Reserve sees rates near zero at least through 2023

WASHINGTON (AP) – The Federal Reserve expects to keep its benchmark interest rate pegged near zero at least through 2023 as it strives to...
SAVINGS EATEN AWAY: Chicago Alderman Tom Tunney, inside the main Ann Sather restaurant in Chicago, estimates he’s put $250,000 of his own money into running his three restaurants. / AP PHOTO/CHARLES REX ARBOGAST

Owners tap into savings to withstand pandemic

NEW YORK – When the coronavirus outbreak forced cruise lines to cancel trips to Alaska, it wiped out Midgi Moore’s tour business, leaving her...
DECISION TIME: Federal Reserve Board Chairman Jerome Powell speaks to the House Committee on Financial Services in Washington, D.C., in June. / THE WASHINGTON POST FILE PHOTO VIA AP/BILL O’LEARY

Too risky? Fed pressed to expand business aid

WASHINGTON – With the economy still in the pandemic’s grip, the Federal Reserve is facing a decision on whether to stretch an emergency lending...

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