In a series of sweeping, aggressive steps, the U.S. Federal Reserve will lend to small and large businesses and local governments as well as extend its bond buying programs. The announcement Monday is part of the Fed’s ongoing efforts to ...

Tagged with: coronavirus coronavirus economic effect coronavirus economic impact COVID-19 Federal Reserve U.S Federal Reserve

Airlines are warning they may need bailouts as the virus outbreak brings more countries into lockdown, while central banks are injecting trillions of dollars more into the financial system to grease the gears of the global economy. Business confidence is ...

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Jerome Powell is confronting his stiffest test yet as head of the Federal Reserve in an atmosphere vastly altered from what his predecessors faced. It makes an uncertain situation even more challenging. This week, Powell announced a surprise half-point interest ...

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Federal Reserve Chairman Jerome Powell says the U.S. economy appears durable with steady growth and unemployment near a half-century low but faces risks from the deadly virus in China. Giving the Fed’s semiannual monetary report to Congress, Powell said Tuesday ...

Tagged with: Fed's semiannual monetary report Federal Reserve Federal Reserve Chairman Jerome Powell Jerome Powell

Federal Reserve Chairman Jerome Powell says the U.S. economy appears durable with steady growth and unemployment near a half-century low but faces risks from the deadly virus in China. Giving the Fed’s semiannual monetary report to Congress, Powell said Tuesday ...

Tagged with: Fed's semiannual monetary report Federal Reserve Federal Reserve Chairman Jerome Powell Jerome Powell

Just as the outlook for the global economy had been brightening in recent months, a new threat has suddenly emerged in the form of the viral outbreak in China. That was the cautionary message that Chairman Jerome Powell delivered this ...

Tagged with: Chairman Jerome Powell China virus Federal Reserve Federal Reserve Chairman Jerome Powell U.S.-China trade deal

Just as the outlook for the global economy had been brightening in recent months, a new threat has suddenly emerged in the form of the viral outbreak in China. That was the cautionary message that Chairman Jerome Powell delivered this ...

Tagged with: Chairman Jerome Powell China virus Federal Reserve Federal Reserve Chairman Jerome Powell U.S.-China trade deal

For the first time in years, Federal Reserve officials will hold their latest policy meeting this week feeling broadly satisfied with where interest rates are and with seemingly no inclination to change them anytime soon. Chairman Jerome Powell has expressed ...

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For the first time in years, Federal Reserve officials will hold their latest policy meeting this week feeling broadly satisfied with where interest rates are and with seemingly no inclination to change them anytime soon. Chairman Jerome Powell has expressed ...

Tagged with: Chairman Jerome Powell Federal Reserve interest rates low interest rates

U.S. long-term mortgage rates are little changed this week, remaining at historically low levels to prod prospective homebuyers. Mortgage buyer Freddie Mac said Thursday the average rate for a 30-year fixed-rate mortgage ticked up to 3.74 percent, from 3.73 percent ...

Tagged with: Federal Reserve Mortgage buyer Freddie Mac mortgage rates U.S. long-term mortgage

U.S. long-term mortgage rates are little changed this week, remaining at historically low levels to prod prospective homebuyers. Mortgage buyer Freddie Mac said Thursday the average rate for a 30-year fixed-rate mortgage ticked up to 3.74 percent, from 3.73 percent ...

Tagged with: Federal Reserve Mortgage buyer Freddie Mac mortgage rates U.S. long-term mortgage