Tag: Jerome Powell
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...
Fed officials saw rates on hold, with an eye on downside...
WASHINGTON – Federal Reserve officials said their monetary policy was likely to remain appropriate “for a time” even amid what they saw as persistent...
Fed leaves rates unchanged; forecasts show no change in 2020
WASHINGTON – The Federal Reserve left interest rates unchanged and signaled it would keep them on hold through 2020 amid a solid economy, sticking...
Powell sees few risks likely to derail record U.S. expansion
WASHINGTON – Federal Reserve Chairman Jerome Powell called the United States economy a “star” performer and voiced solid confidence that its record expansion will...
U.S. productivity unexpectedly posts first decline since 2015
WASHINGTON – Productivity in the United States unexpectedly posted the first decline in almost four years and labor costs accelerated, suggesting a pickup in...
U.S. consumer spending, jobless claims suggest some caution
WASHINGTON – United States consumer spending trailed forecasts in September while weekly applications for unemployment benefits rose more than projected, offering a note of...
Fed cuts rates by one-quarter percentage point while hinting at a...
WASHINGTON – Federal Reserve officials reduced interest rates by one-quarter percentage point for the third time this year and hinted they may now put...
Fed to start buying $60B of treasury bills a month from...
WASHINGTON – The Federal Reserve said it will begin buying $60 billion of Treasury bills per month to improve its control over the benchmark...
Fed minutes show debate emerges on when to halt policy easing
WASHINGTON – Federal Reserve officials began debating how far their current interest-rate cutting campaign should extend even as they agreed to lower rates in...
Fed Chairman to speak at Greater Providence Chamber’s annual meeting
PROVIDENCE - This fall’s annual meeting of the Greater Providence Chamber of Commerce is expected to feature one of the world's heavy hitters in...