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...

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 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...

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...
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...
THE FEDERAL RESERVE announced that it plans to keep rates near zero even after inflation has exceeded the Fed’s 2% target level. Above, Fed Chairman Jerome Powell. / AP FILE PHOTO/JACQUELYN MARTIN

Fed: Rates to stay ultra-low even after inflation picks up

WASHINGTON (AP) – The Federal Reserve announced a significant change Thursday in how it manages interest rates by saying it plans to keep rates...

Powell warns that long downturn would mean severe damage

WASHINGTON (AP) – Federal Reserve Chairman Jerome Powell warned Tuesday that the U.S. economy faces a deep downturn with “significant uncertainty” about the timing...
THE FEDERAL RESERVE told Congress that it intends to utilize its full range of tools to combat the economic impact of the COVID-19 pandemic. / AP FILE PHOTO/MANUEL BALCE CENETA

Fed: Will use ‘full range of tools’ to boost economy

WASHINGTON (AP) – The Federal Reserve has promised to use its “full range of tools” to pull the country out of a deep recession...
FEDERAL RESERVE Chariman Jerome Powell said that the Fed's lending programs for medium-sized businesses and state and local governments would begin operating by June 1. / AP FILE PHOTO/JACQUELYN MARTIN

Fed’s Powell says new lending programs to launch by June 1

WASHINGTON (AP) – Federal Reserve Chair Jerome Powell said Tuesday that the Fed's lending programs for medium-sized businesses and state and local governments would...

Coronavirus freaked markets, not the Fed

The U.S. equity market finally took notice of the coronavirus, which now is spreading from China to other countries and increasing the risk of...

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